Blue Bird acquired the remaining 50% interest in the Micro Bird joint venture from the Girardin Group. The total purchase price was $201,787,193. Payment consisted of approximately $63 million in cash and 2,702,180 shares of Blue Bird common stock (valued at $138.8 million). The transaction includes the issuance of exchangeable shares and a special voting preferred share to facilitate the deal structure. The acquisition integrates Micro Bird's operations, including facilities in Drummondville, Quebec, and Plattsburgh, New York, into Blue Bird's unified brand.