Blue Bird Corporation (NASDAQ: BLBD) has recently announced its definitive agreement to acquire Girardin Group's stake in the 50/50 Micro Bird joint venture, thereby taking full ownership of the enterprise. The acquisition is valued at approximately $200 million, 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, pending fulfillment of various closing conditions and regulatory approvals.
This strategic move enables Blue Bird to consolidate its North America operations and unify its businesses under one team and brand, unlocking further value for customers and shareholders. Blue Bird will now offer the broadest product portfolio of industry-leading type A, C, and D school, multi-purpose, and commercial buses. With this acquisition, Blue Bird becomes the only vehicle manufacturer in North America to provide diesel, gasoline, propane, and electric powered buses, positioning the company to uniquely address market needs.
Following the close of the transaction, Blue Bird intends to add Steve Girardin to its board of directors, strengthening the board with his proven leadership and decades of experience across the North American bus market.
Established in 2009, Micro Bird specializes in designing and manufacturing type A school and commercial shuttle buses with capacities ranging from 9 to 36 passengers. Today, Micro Bird offers gasoline, propane, and electric powered buses to its customers and employs approximately 960 team members at its Drummondville, Quebec, and Plattsburgh, N.Y. locations.
The acquisition marks Blue Bird's commitment to growth and market expansion, positioning the company for sustained profitable growth and supporting its long-term vision for innovation and operational performance.
In addition to the acquisition, Blue Bird is celebrating its 60th year as a small bus manufacturer and its successful partnership with Girardin Group. This acquisition is expected to strengthen Blue Bird's strategic position and support value creation for its customers, employees, and shareholders.
As a result of these announcements, the company's shares have moved -0.63% on the market, and are now trading at a price of $49.03. If you want to know more, read the company's complete 8-K report here.
