SR Aviation Infrastructure (SRAI) has acquired the Bridger hangar complex at Bozeman Yellowstone International airport in Montana from Bridger Aerospace Group Holdings. The three-hangar, 118,000 square-foot complex occupies a prime location at one of the country’s fastest-growing airports. The deal also includes a fully entitled development site where SRAI plans to build a fourth 40,000 square-foot hangar.

As part of the transaction, the existing hangars have been leased back to Bridger Aerospace under a 10-year lease agreement. Bridger Aerospace, one of the largest aerial firefighting companies in the US, will continue to use the facility as its headquarters. The company plans to use proceeds from the sale to prioritise fleet expansion.

“Bozeman is a market that presents tremendous opportunity for private aviation and general aviation infrastructure,” says Jonathon Reeser, president, SR Aviation Infrastructure. “This acquisition reflects SRAI’s focus on well-located, institutional-quality aviation assets with durable tenant credit and clear value-creation potential.”

“Bozeman is a fantastic market for SRAI; it reflects our ability to identify opportunity and move decisively, while also reinvesting in and enhancing existing assets,” adds Monte Koch, senior advisor, SR Aviation Infrastructure.

SRAI is focused on acquiring, developing and leasing aviation-related real estate across the United States. Current holdings include Quail Air Center in Las Vegas and a private hangar complex at San Antonio International airport. The Bridger hangar complex represents its third acquisition.