Blue Bird Corporation announced its pending acquisition of the remaining 50-percent equity interest in Micro Bird, a joint venture with Canadian bus manufacturer Girardin Minibus. ​The $198.2 million deal, which values Micro Bird at $429.6 million, is expected to close by the end of the second quarter, pending regulatory approval and customary closing conditions. ​

The OEM confirmed Micro Bird President Eric Boule and his current management team continue to oversee day-to-day operations.

The Micro Bird brand originated in the mid-1970s, when Blue Bird introduced its first Type A school bus built on a cutaway van chassis. Blue Bird entered a supply agreement with Girardin Minibus in 1992 to build the Micro Bird in Quebec. The most recent joint venture between Blue Bird and Girardin was signed in 2009, which created Micro Bird, Inc.

The transaction announced Tuesday is funded through a combination of 70-percent stock and 30-percent cash. It includes the $16.5 million purchase of Micro Bird’s new manufacturing facility in Plattsburgh, New York and the transfer of its OEM service parts inventory for $400,000, according to a company presentation on the deal strategy and structure. ​Blue Bird said it plans to issue 2.7 million shares to fund the stock portion and use $154.2 million in cash for the remainder. ​

Blue Bird said the acquisition is expected to enhance the company’s market share in the K-12 student transportation industry by expanding its product portfolio to include a comprehensive lineup of Type A, C and D buses powered by diesel, gas, propane, and electric powertrains. ​The deal will also double Micro Bird’s addressable market in the U.S., thanks to its compliance with Buy America requirements, and strengthen Blue Bird’s presence in Canada. ​

The transaction is projected to be immediately accretive to earnings, with an estimated 8.2 percent increase in earnings per share in fiscal year 2026. ​Blue Bird’s pro forma revenue is expected to grow from $1.5 billion to $1.9 billion, while adjusted EBITDA is forecasted to increase from $225 million to $250 million. The company said it anticipates long-term revenue growth to reach $2.5 billion by 2030, with an EBITDA margin exceeding 15 percent. ​

Micro Bird, known for its high-quality school, commercial and electric buses, is well-positioned for long-term growth. ​Blue Bird said the acquisition will enable it to leverage Micro Bird’s expertise in electric vehicle technology, streamline development and expand into adjacent markets such as commercial and specialty vehicles as well as drive engineering efficiencies, enhance market share, and deliver value to shareholders through profitable growth and stock buybacks. ​

This article is developing.

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MACON, Ga.  – Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, 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. $200 million 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. A slide presentation is available on the BLBD IR website (https://investors.blue-bird.com/) with additional details.

The acquisition demonstrates Blue Bird’s commitment to growth and market expansion. The transaction allows 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 offer the broadest product portfolio of industry-leading Type A, C, and D school, multi-purpose, and commercial buses.

Blue Bird is the only vehicle manufacturer in North America to provide diesel, gasoline, propane, and electric powered buses, positioning the company to uniquely address market needs. With the acquisition, Blue Bird will also significantly increase its total addressable market (TAM) for the Buy America Act – compliant shuttle buses in North America, a segment which Micro Bird entered in the fall of 2025 with its Plattsburg, NY facility acquisition.

“With a nearly 100 year history, Blue Bird has emerged as an iconic brand and leader in student transportation. We are delighted to purchase Girardin’s stake in Micro Bird and to take full control of the joint venture. The acquisition strengthens our strategic position and supports Blue Bird’s long-term vision for innovation, operational performance, and sustained profitable growth,” said John Wyskiel, president and CEO of Blue Bird Corporation. “In addition, I’m looking forward to welcoming Steve Girardin to our Board along with his contributions to Blue Bird’s continued success.”

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.

“This year marks our 60th year as a small bus manufacturer and our successful partnership with Blue Bird,” said Steve Girardin, Micro Bird Chairman and Vice-President of the Girardin Group. “Together, we’ve driven technology, innovation and product excellence in the bus market with a reputation of serving our customers with distinction. I’m confident that Micro Bird will continue to thrive under the sole ownership of Blue Bird, marking a natural and strategically aligned transition that supports value creation for our customers, employees, and shareholders.”

Blue Bird and Girardin Group established Micro Bird as a 50/50 joint venture in 2009. Specialized in designing and manufacturing Type A school and commercial shuttle buses with capacities ranging from 9 to 36 passengers, Micro Bird has emerged as a leader in innovative, safe, and reliable transportation solutions. 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.

Piper Sandler & Co. served as exclusive financial advisor to Blue Bird on this transaction.

About Blue Bird Corporation:
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 25,000 propane, natural gas, and electric powered buses sold. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird’s complete product and service portfolio, visit www.blue-bird.com.

About Girardin Group:
Girardin Group is a third-generation family business and longtime partner of Blue Bird Corporation specializing in bus and school bus transportation for more than 65 years and having its head office in Drummondville, Quebec. Girardin is a manufacturer, distributor, and operator of buses, school buses, electric powertrains and electric charging infrastructures. It provides the widest selection of electric school buses together with individualized charging infrastructure assistance. The company’s more than 40 operating divisions employ more than 3,000 team members in Canada and the United States. For more information on Girardin, visit https://www.girardinbluebird.com/en/.

About Micro Bird:
Established in 2009, Micro Bird Inc. is a joint venture between Girardin Minibus and Blue Bird Corporation, combining nearly 160 years of experience in the bus industry. Headquartered in Drummondville, Quebec, Micro Bird designs and manufactures the complete line of Type A school, commercial, and electric buses known for their durability, safety, and long-term value. In 2025, Micro Bird expanded its footprint with a state-of-the-art manufacturing facility in Plattsburgh, New York — a strategic investment that brings the company closer to its U.S. customers and strengthens its ability to deliver innovative, Buy America Act–compliant transportation solutions across North America. For more information, visit www.microbird.com.

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The new U.S.-based manufacturing of the Micro Bird joint venture between Blue Bird and Girardin Minibus of Quebec is underway, with the plant in Plattsburgh, New York, officially opening this past week.

The formation of Micro Bird USA LLC was announced last November with the factory, formerly a Nova Bus plant, acquired in December with a $38 million investment. The first U.S. manufactured Micro Birds in 15 years began rolling off the production line in July

Micro Bird said the 156,000-square-foot plant currently employs 225 workers with a goal of growing the number to 350 when it reaches full production capacity. The project is supported by the Empire State Development with nearly $10 million in performance-based Excelsior Jobs Program tax credits and a $2.5 million capital grant from the North Country Regional Economic Development Council.

New York Gov. Kathy Hochul was on hand Wednesday for the ribbon cutting ceremony.

“Today’s grand opening celebration marks a new chapter for Plattsburgh,” she said. “We are proud to welcome Micro Bird to the North Country, where the company is tapping into our skilled workforce, thriving transportation cluster, and major regional investments. This new facility strengthens the local economy, creates good jobs, and builds a brighter future for the region and all of New York.”

The current Micro Bird joint venture dates to Sept. 14, 2009, when Blue Bird and Quebec-based school bus manufacturer and dealer A. Girardin Inc. entered a 50-50 partnership agreement to create Micro Bird, Inc. and jointly market the Type A school bus branded as Micro Bird by Girardin. Girardin provided all body design, manufacturing and assembly.

Blue Bird and Girardin also entered a supply marketing agreement in 1991 to sell the Type A vehicles through Blue Bird’s sales network. The school bus was mostly assembled at Girardin’s Brantford, Ontario, plant but also at Blue Bird’s Fort Valley, Georgia, plant from 2006-2010, said Steve Girardin, the executive chairman of Micro Bird, Inc. He also noted that Girardin designed the very first Micro Bird for Blue Bird in the 1970s.

The Plattsburgh plant opening returns a significant portion of Micro Bird production to the U.S. to supplement ongoing manufacturing in Quebec but with a much larger footprint. Micro Bird USA said last year it expects the new facility will double the company’s Type A production. NBC5 reported Micro Bird USA expects the plant will help increase daily production to 15 buses a day from its current five a day.

The new plant is also fully compliant with the Buy America Act.

“This grand opening is a proud moment for the entire team,” said Eric Boulé, president and CEO of Micro Bird. “With our new facility, we are doubling our production capacity and increasing our ability to deliver high-quality, long-lasting small and mid-size buses to our customers.”

Boule added Micro Bird had been planning expansion “for some years.”

“Plattsburgh was the perfect choice for us, the availability of a highly skilled workforce, proximity to major markets, and within a community with a strong manufacturing ecosystem,” he continued.

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PLATTSBURGH, N.Y.– Micro Bird USA LLC, a leading manufacturer of school and commercial buses, celebrated the grand opening of its state-of-the-art manufacturing facility in Plattsburgh, New York. This milestone marks a major step in Micro Bird’s long-term growth strategy and its commitment to provide the highest quality and safest buses to customers across North America.

Following the acquisition of the site in December 2024 and a $38 million investment, Micro Bird’s team worked diligently to set up the plant, train employees, and start production just seven months later. Today, more than 225 team members are employed at the 156,000 square-foot Plattsburgh facility, with plans to grow the workforce to 350 team members at full capacity. This represents a significant investment in good-paying U.S. jobs, manufacturing expansion, and the local economy of the North Country in New York State.

“This grand opening is a proud moment for the entire team,” said Eric Boulé, President and CEO of Micro Bird. “With our new facility, we are doubling our production capacity and increasing our ability to deliver high-quality, long-lasting small and mid-size buses to our customers. This achievement is the result of the hard work and dedication from our talented teams here in Plattsburgh and at our Canadian headquarters in Drummondville, Quebec. We are deeply grateful to our employees and partners who made this vision a reality.”

“Today’s grand opening celebration marks a new chapter for Plattsburgh,” Governor Hochul said. “We are proud to welcome Micro Bird to the North Country, where the company is tapping into our skilled workforce, thriving transportation cluster, and major regional investments. This new facility strengthens the local economy, creates good jobs, and builds a brighter future for the region and all of New York.”

“Micro Bird is officially open for business in Plattsburgh! Buses across America will soon be rolling out once again stamped ‘Made in the North Country’ by Plattsburgh’s powerhouse workforce,” said Chuck Schumer, U.S. Senator of New York. “When I heard about the closure of the former Nova Bus factory, which was the beating heart of this community, I immediately called Volvo’s top brass to urge them to do the right thing and find a new manufacturer to take over this plant. Micro Bird’s leaders have shown they care about this community and continuing its manufacturing legacy by preserving hundreds of good paying jobs here in Clinton County. I am thankful for the North Country Chamber of Commerce and Governor Hochul who formed a fantastic team in helping land this investment so Plattsburgh can continue to lead the nation in transportation manufacturing.”

“Micro Bird marks a historic milestone with the grand opening of its Plattsburgh, New York, plant and expansion of its advanced manufacturing capabilities to the United States,” said John Wyskiel, President and CEO of Blue Bird Corporation. “More than 45 years ago, Blue Bird started working with our partners at Girardin in Canada to design and build the first Blue Bird Micro Bird buses. Since 2009, our powerful joint venture has driven dynamic job growth, prosperity, technology innovation, and customer satisfaction in both the United States and Canada. Micro Bird is poised to further solidify its long-term success by launching the Plattsburgh plant and capitalizing on Buy America commercial bus opportunities.”

With the plant now in operation, Micro Bird started assembling buses in the United States, each one built with care to deliver unmatched reliability and customer satisfaction. Fully compliant with the Buy America Act (BAA), this facility enhances Micro Bird’s ability to serve customers with greater speed, precision, and quality.

“We’ve been planning this expansion for some years,” added Eric Boulé, President and CEO of Micro Bird. “Plattsburgh was the perfect choice for us — the availability of a highly skilled workforce, proximity to major markets, and within a community with a strong manufacturing ecosystem. We are thankful for the warm welcome, and for the strong support from the state of New York, the County of Clinton Industrial Development Agency, the North Country Chamber of Commerce, The Development Corporation (TDC) and the Town of Plattsburgh. We look forward to being a long-term community partner and contributing to local economic development.”

“This grand opening event brought together employees, Blue Bird executives, the Girardin Holdings Executives, dealers from across North America, government officials, and local partners for a plant tour, a ribbon-cutting ceremony, and presentations that highlighted Micro Bird’s unwavering commitment to innovation, product excellence, and customer success,’’ said Eric Boulé.

“Today, we are opening more than a plant — we are opening the path to tomorrow. Guided by vision and driven by ambition, every bus we build here will help shape possibility and set the future of transportation in motion. Micro Bird was built to take on tomorrow, and this new chapter in Plattsburgh is proof that our best is yet to come.’’

About Micro Bird:
Established in 2009, Micro Bird Inc. is a joint venture between Girardin Minibus and Blue Bird Corporation, combining nearly 160 years of experience in the bus industry. Headquartered in Drummondville, Quebec, Micro Bird designs and manufactures the complete line of Type A school, commercial, and electric buses known for their durability, safety, and long-term value. In 2025, Micro Bird expanded its footprint with a state-of-the-art manufacturing facility in Plattsburgh, New York — a strategic investment that brings the company closer to its U.S. customers and strengthens its ability to deliver innovative, Buy America Act–compliant transportation solutions across North America. For more information, visit www.mbcbus.com.

About Blue Bird Corporation:
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 25,000 propane, natural gas, and electric powered buses sold. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird’s complete product and service portfolio, visit www.blue-bird.com.

About Girardin:
Girardin is a third-generation family business and longtime partner of Blue Bird specializing in bus and school bus transportation for over 65 years and having its head office in Drummondville for almost 60 years. Girardin is a manufacturer, distributor, and operator of buses, school buses, electric powertrains and electric charging infrastructures. It provides the widest selection of electric school buses together with individualized charging infrastructure assistance. The company’s more than 40 operating divisions employ over 3,000 employees in Canada and United States. For more information on Girardin, visit https://www.girardinbluebird.com/en/.

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