08:15 AM EDT, 07/01/2024 (MT Newswires) -- Bridger Aerospace Group Holdings ( BAER ) said Monday that it has acquired FMS Aerospace, a company that offers airframe modification and integration solutions to government and commercial clients, for $20.6 million.

The company said the deal involved $17.51 million in equity, with a potential additional equity earn-out consideration of up to $3.09 million.

The company is not revising its guidance but expects the acquisition to boost Bridger's earnings annually, excluding transaction costs and before expected synergies.