After it persuaded Gallatin County officials to issue $160 million in bonds so Sheehy’s company could expand locally, the firm used most of the money to pay off previous investors.
Bridger Aerospace Group, a Montana-based aerial firefighting company helmed by Tim Sheehy, a former Navy SEAL, was losing money in 2020 when its top executives made a business pitch to elected officials in the county where it’s based.
At a recorded public meeting, the executives asked whether Bridger could use Gallatin County’s name and pristine credit rating to raise $160 million in a municipal bond offering. If the three county commissioners said yes, Bridger would gain access to lower-cost money to expand its operations.
…
Four years later, Bridger is still losing money, its securities filings show, and the $160 million bond deal that sprang from that 2020 meeting is under scrutiny as Sheehy vies for a seat in the U.S. Senate.
he’ll still win, unfortunately. our state is a very special kind of stupid.
I was up in the northwest corner of y’alls state the last 4 months and way more Sheehy than Tester signs unfortunately. I like John and have voted for him in the past. Hopefully he can hang on. The republican party there has been taken over by out of staters that plan to sell off our public lands and rent them back to us. Hunting and fishing in Montana is going to be as much a hassle as it is in Texas if they don’t get run out.