Exchange Income Corporation Acquires Crew Training International

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 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.

American Safety Council (Ridgemont) Acquires Certified Training Institute

April 13, 2021

Education

American Safety Council, a Ridgemont Equity Partners portfolio company, has acquired Certified Training Institute (CTI), a provider of online professional licensure and state-mandated continuing education for trades and licensed professionals. The acquisition expands ASC's 100% digital course catalogue across adjacent vocations (builders, plumbers, pesticide applicators, real estate agents, architects and engineers); financial terms were not disclosed.

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.

Chesapeake Technology International (CTI) Acquires Asymmetric Technologies LLC

April 1, 2024

Aerospace & Defense

Chesapeake Technology International, a portfolio company of Bluestone Investment Partners, has acquired Asymmetric Technologies LLC to expand CTI’s product portfolio with Asymmetric’s IronClad and Whisper solutions. The add-on acquisition strengthens CTI’s capabilities in flight autonomy, edge communications, and NDAA-compliant hardware/software for Department of Defense and national security customers.

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.