Blue Bird Signs Deal to Gain Full Ownership of Micro Bird

Core Insights - Blue Bird Corporation (BLBD) is acquiring Girardin Group's stake in the Micro Bird joint venture for approximately $200 million, with 30% in cash and 70% in common stock, expected to close in the first half of 2026 [1][10] Group 1: Acquisition Details - The acquisition will provide Blue Bird full ownership of Micro Bird, allowing for streamlined North American operations and a unified brand and leadership structure [2][10] - The deal is valued at around $200 million, with the payment structure comprising 30% cash and 70% in Blue Bird common stock [1][10] Group 2: Market Position and Strategy - Blue Bird is the only North American manufacturer offering diesel, gasoline, propane, and electric-powered buses, positioning itself to meet diverse market demands [3] - The acquisition will expand Blue Bird's total addressable market for Buy America Act-compliant shuttle buses, leveraging Micro Bird's recent entry into this segment [3] Group 3: Leadership and Growth - Post-acquisition, Blue Bird plans to appoint Steve Girardin to its board of directors, enhancing leadership with his industry expertise [4] - Micro Bird, founded in 2009, specializes in Type A school and commercial shuttle buses, employing about 960 people across its facilities [5]