Exchange Income Corporation Acquires Canadian North (Bradley Air Services)

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 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 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 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 Carson Air; Wynnchurch Sells Stake

July 12, 2021

Transportation

Exchange Income Corporation (TSX: EIF) has acquired Carson Air Ltd., a Kelowna, British Columbia–based provider of fixed-wing air ambulance, air cargo and flight training services. The transaction involved Wynnchurch Capital selling its investment in Carson Air, handing ownership to Exchange Income as part of the buyer's expansion of its aviation services portfolio.

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.