Bridger Aerospace Group Holdings Business Summary

Bridger Aerospace Group Holdings, Inc. (BAER) operates as a premier provider of aerial firefighting and wildfire management services, primarily generating revenue through long-term and "Call-When-Needed" (CWN) contracts with federal and state agencies, including the U.S. Forest Service and the Bureau of Land Management. The company’s business model is divided into three primary segments: Fire Suppression, which utilizes the industry’s largest private fleet of Viking CL-415EAF "Super Scooper" amphibious aircraft; Aerial Surveillance and Air Attack, providing real-time tactical command and mapping via sensor-equipped Pilatus PC-12 and Daher Kodiak platforms; and specialized Maintenance, Repair, and Overhaul (MRO) services. Bridger distinguishes itself in a capital-intensive market through its purpose-built scooper fleet and proprietary FireTRAC data platform, competing directly with major operators such as Conair Group Inc. (and its subsidiary Aero-Flite), Dauntless Air, and Neptune Aviation Services. As of early 2026, Bridger maintains a dominant position in the amphibious scooper niche, recently expanding its capacity through the acquisition of additional Canadair CL-215T aircraft to meet rising global demand for sustainable wildfire suppression. Founded in 2014 by Timothy P. Sheehy, a former Navy SEAL and current U.S. Senator, the company is led by President and CEO Sam Davis, who was appointed to the permanent role in March 2025 after serving as Interim CEO and Chief of Staff. The executive team includes Chief Legal Officer and EVP James Muchmore and outgoing CFO Eric Gerratt, who is transitioning leadership to Deputy CFO and successor Anne Hayes following the March 2026 fiscal filings. Bridger’s leadership is supported by a high-pedigree Board of Directors, chaired by Jeffrey Kelter (Co-Founder of KSH Capital) and featuring Elizabeth Fascitelli, a former Partner and COO of Goldman Sachs’ Merchant Banking Division, and Dan Drohan, founder of Solairus Aviation. Notable institutional backing and strategic financing partnerships involve Marathon Asset Management and Eyre Street Capital, which have been instrumental in the company’s aggressive fleet expansion and transition to the public markets via a 2023 de-SPAC transaction.