Exchange Income Corporation Acquires Armand Duhamel & Fils Inc.
June 24, 2024
Exchange Income Corporation (EIC) has acquired Quebec-based sawmill Armand Duhamel & Fils Inc. for $19 million (up to $22 million subject to post-closing targets). The deal (funded with $3 million of EIC common shares and $16 million of cash) will fold Duhamel into EIC's Northern Mat platform to expand its Environmental Access Solutions presence in Quebec and Eastern Canada; co-owner Guillaume Gonthier will remain as President.
- Buyers
- Exchange Income Corporation, Northern Mat and Bridge LP
- Targets
- Armand Duhamel & Fils Inc.
- Sellers
- Vendors (including co-owner Guillaume Gonthier)
- Platforms
- Northern Mat and Bridge LP
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Transaction Type
- Addon
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.