Fri, Nov 14, 2025
Refinance With Bain Capital Adds Capacity and Financial Flexibility
Bridger Aerospace has entered into a new $331.5 million financing deal with investment firm Bain Capital. The agreement includes $100 million in financing for Bridger to expand its fleet of aerial firefighting aircraft, a $210 million loan, and a $21.5 million line of credit.
The company is based at the Bozeman Yellowstone International Airport (KBZN) in Belgrade, Montana, and secured the Gallatin County bond in 2020. Its firefighting fleet has state and federal contracts for fighting wildfires and also conducts firefighting missions in Canada. Bridger is also retrofitting aircraft in Spain for fighting wildfires in Europe.
The transactions enable Bridger to refinance its $160 million municipal bond with Gallatin County, consolidate existing debt, and provide additional capacity and financial flexibility to fund future fleet expansion.
Sam Davis, President and CEO of Bridger said, “This financing marks a turning point for Bridger. Our strong quarterly results and our expectations for a second record year have made it possible for us to refinance our existing debt and enter into a new expanded debt facility with increased capacity. We believe this new facility significantly enhances our ability to grow organically.”
He continued, “It provides financial flexibility for new aircraft purchases to support contract expansion that will drive (earnings) growth and long-term shareholder value. Bridger’s federal, state, and defense contracts have established our revenue model on a year-round basis. As a result, this financing and the simultaneous sale-leaseback of our campus demonstrates Bridger’s focus on financial resilience to address the evolution of our business.”
Bridger was founded in 2015 by Tim Sheehy, now a Republican U.S. Senator from Montana. Sheehy stepped down as Chairman and CEO of the company after winning his Senate race in 2024.
Bain Capital is based in Boston and is a private equity and venture capital investment firm with more than $205 billion worth of assets under management.
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