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Blue Bird to Buy Micro Bird JV Stake for $200M

Announced
IndustrialsGeorgiaAdd-on

Deal Overview

Blue Bird has signed a definitive agreement to acquire Girardin Group’s stake in its 50/50 Micro Bird joint venture, moving to full ownership of Micro Bird. Blue Bird will pay approximately $200 million for the joint venture share, with 30% in cash and 70% in Blue Bird common stock.

The transaction is expected to close in the first half of calendar year 2026, subject to customary closing conditions and regulatory approvals. Blue Bird says the move will consolidate North American operations and unify its Type A, C, and D school buses plus multi-purpose and commercial buses under one brand and operating approach.

Micro Bird designs and manufactures Type A school and commercial shuttle buses with capacities from 9 to 36 passengers, offering gasoline, propane, and electric-powered options. The company employs approximately 960 people across facilities in Drummondville, Quebec, and Plattsburgh, New York.

Key Details

Transaction
Blue Bird acquires Micro Bird
Deal Size
Over $100M
Reported Value
approximately $200 million

Source

Read full article on news.google.com

via GN - signs agreement to acquire · February 18, 2026

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