Exchange Income Corporation Acquires Hansen Industries Ltd.

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 MACH 2

February 2, 2026

Aerospace & Defense

Exchange Income Corporation (EIC) has acquired MnM Aircraft Component Holdings, Inc. ("MACH 2") for US$43 million, funded with US$9 million in EIC common shares to the vendor and US$34 million drawn on its credit facility. MACH 2 will operate as a subsidiary of EIC's Regional One platform, accelerating Regional One's expansion into the commercial aviation aftermarket by adding MACH 2's commercial USM expertise, inventory and customer relationships.

Exchange Income Corporation Acquires BVGlazing Systems

March 16, 2023

Building Products

Exchange Income Corporation (EIC) agreed to acquire BVGlazing Systems Ltd. for a purchase price of $95 million, funded with $23 million of common shares and $72 million of cash from its credit facility. The acquisition, an add-on to EIC’s Quest Window Systems platform, expands EIC’s building envelope capabilities by adding curtain wall and railing systems and strengthens its North American coverage; the deal closed following Competition Act approval in April 2023.

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 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.

Exchange Income Corporation Acquires Window Installation Specialists, Inc.

August 4, 2020

Construction

Exchange Income Corporation (EIC) completed the acquisition of all issued and outstanding shares of Window Installation Specialists, Inc. (WIS) for US$45.0 million. The deal integrates WIS into EIC’s Quest Window Systems platform to vertically expand supply-and-install glazing capabilities on the U.S. West Coast; WIS founder and CEO Louis Mark committed to remain in his role.