Exchange Income Corporation Acquires Hansen Industries Ltd.
April 3, 2023
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.
- Buyers
- Exchange Income Corporation
- Targets
- Hansen Industries Ltd.
- Sellers
- Ed Beange, Amit Chhabra
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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