Blue Bird to acquire full ownership of Micro Bird joint venture for $200M

Blue Bird (BLBD) has signed an agreement to acquire Girardin Group’s stake in the 50/50 Micro Bird joint venture, thereby, taking full ownership of the enterprise. Blue Bird will pay approx. $200M for Girardin’s 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, pending fulfillment of various closing conditions and regulatory approvals. 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.