Bardin Hill and MBIA Insurance completed the acquisition of MD Helicopters.

Bardin Hill, a private equity firm, and MBIA Insurance, an insurance company, completed the acquisition of MD Helicopters, a manufacturer of light single and light twin-engine helicopters. Financial terms were not disclosed. “After a thorough review of the options available to us, we believe this transaction and court-supervised process will help achieve our objective and create the best path forward for MD and all of our stakeholders. We are as dedicated as ever to meeting our customers’ high expectations no matter the mission, and we appreciate the hard work of our employees as we take this important step to position MD for the future," Alan Carr, MD Helicopters Sole Director and Chairman of the Board.