Exchange Income Corporation Acquires MACH 2

Exchange Income Corporation Acquires Hansen Industries Ltd.

April 3, 2023

Manufacturing

Exchange Income Corporation (EIC) has acquired Hansen Industries Ltd., a Richmond, British Columbia-based precision metal fabricator, for a purchase price of $42.5 million funded by $4.5 million in EIC common shares and $38 million in cash. The acquisition expands EIC's west coast metal fabrication capabilities (sheet metal, machining and stamping) and complements its existing operations in B.C., including Overlanders.

Exchange Income Corporation Acquires Spartan Mat, LLC and Spartan Composites, LLC

November 13, 2024

Manufacturing

Exchange Income Corporation (EIC) completed the acquisition of Spartan Mat, LLC and its subsidiary Spartan Composites, LLC for US$120 million (including US$18 million in EIC common shares). The purchase expands EIC's Environmental Access Solutions business into the U.S. matting market and adds Spartan's SYSTEM7 composite mats and FODS Trackout products to its manufacturing portfolio.

Exchange Income Corporation Acquires DryAir Manufacturing Corp.

October 5, 2023

Manufacturing

Exchange Income Corporation (EIC) has acquired DryAir Manufacturing Corp. for approximately $60 million, funded with $15 million of EIC common shares issued to the vendors and $45 million of cash drawn from EIC's credit facility. DryAir — a St. Brieux, Saskatchewan manufacturer of portable hydronic heating systems founded in 1994 — will remain led by its founder and CEO following the transaction as EIC looks to grow its manufacturing segment and ensure ownership succession.

Exchange Income Corporation Acquires Canadian North (Bradley Air Services)

July 2, 2025

Transportation

Exchange Income Corporation (EIC) has completed its acquisition of Bradley Air Services Limited, which operates as Canadian North, for a purchase price of $205 million (subject to adjustments), with $10 million paid in common shares. The acquisition expands EIC’s northern route network and infrastructure—adding passenger, cargo and charter services across 24 Arctic communities—and excludes the Montreal–Kuujjuaq route, which remains with vendor Makivik Corporation.

Exchange Income Corporation Acquires Crew Training International

December 16, 2021

Aerospace & Defense

Exchange Income Corporation (EIC) has acquired Crew Training International, Inc. (CTI), a Memphis-based provider of advanced pilot and sensor-operator training for military and commercial customers. CTI, founded in 1992 and headquartered in Memphis, Tennessee, will expand EIC's aerospace and aviation services capabilities and government training footprint.

Exchange Income Corporation Acquires Northern Mat & Bridge for $325M

May 10, 2022

Industrial Services

Exchange Income Corporation (EIC) acquired Northern Mat & Bridge for an enterprise value of C$325 million, purchasing the leading Canadian temporary access solutions provider from TriWest Capital Partners. The deal expands EIC's manufacturing/services portfolio with an environmentally focused, asset-backed business headquartered in Calgary, Alberta, and was funded with a mix of cash and issuance of EIC common shares.