A Diligent Search Leads to a Creative Financing Structure for Bridger Aerospace

Bridger Aerospace is a leading provider of next-generation services for wildfire management and suppression. They selected MountainSeed to identify a lender who could provide competitive financing for the purchase and operation of two CL-415EAF Super Scooper planes. The acquisition of these purpose-built fire suppression aircraft would allow Bridger Aerospace to continue providing best-in-class solutions in the aerial forest firefighting sector.

The Challenge

 

Initially, Bridger Aerospace’s in-house team attempted to secure financing through their own channels, but were unsuccessful in finding the bank level financing they required. Part of their challenge was the unique nature of the purchase – firefighting aircraft are rare, and their production in Canada and import to the U.S. only further complicated the transaction. The MountainSeed team was brought on to identify a lender who understood this niche market and could navigate the complex closing process.

Understanding the right loan would significantly enhance our client’s service offering, the MountainSeed team leveraged our nationwide network of banks to request loan estimates from multiple lenders. We spoke with over 70 lenders in a 4-week period before identifying a lender specializing in USDA programs and largescale aircraft finance. We then evaluated the lender’s estimate, negotiating the terms and rates to ensure the financing supported Bridger Aerospace’s long-term financial goals.

The Solution

 

The MountainSeed team began by conducting due diligence, thoroughly reviewing fluctuations in year-to-year property values and examining exactly how the value of each property was determined. The team went through a granular level analysis on each building, determined the correct valuation methodology inclusive of future assumptions, and in some cases drafted a list of comparable properties to support their appeals. We then developed and assembled each formal appeal package for submission to the Board of Tax Assessors.

The Results

By outsourcing this process, the client was able to leverage MountainSeed’s branch valuation expertise and relationships with jurisdictions to achieve substantial savings while staying focused on what they do best – serving their members.