Tracked deals
12
12 tracked deals across 2020-2026.
Public Company
Industrial Services
Exchange Income Corporation
Winnipeg, Manitoba, Canada
Exchange Income Corporation is a diversified, acquisition-oriented corporation focused on opportunities in aerospace/aviation services and equipment and in manufacturing. The company invests in profitable, well-established companies with strong cash flows operating in niche markets.
- Focus Areas
- Aerospace & aviation services, Aviation equipment, Manufacturing
- Website
- exchangeincomecorp.ca
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
10 buyout · 2 addon
Exchange Income Corporation Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
August 24, 2026
- Buyer
- Exchange Income Corporation
- Target
- TerraPro Inc.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
Exchange Income Corporation (EIC) has signed an agreement to acquire TerraPro Inc. for $30 million via a plan of arrangement. The deal is expected to close in early Q4 2026, subject to TerraPro shareholder approval and final court approval, and will expand EIC’s Environmental Access Solutions access-matting platform in Canada.
-
February 2, 2026
- Buyer
- Exchange Income Corporation
- Target
- MnM Aircraft Component Holdings, Inc. (MACH 2)
- Seller
- MnM Aircraft Component Holdings, Inc. (vendor), Matthew Murrin (Founder / Seller)
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
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.
-
- Buyer
- Exchange Income Corporation
- Target
- Bradley Air Services Limited (operating as Canadian North)
- Seller
- Makivik Corporation
- Industry
- Transportation
- Location
- Ontario, Canada
- Type
- Buyout
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.
-
- Buyer
- Exchange Income Corporation
- Target
- Spartan Mat, LLC, Spartan Composites, LLC
- Industry
- Manufacturing
- Location
- United States
- Type
- Buyout
Exchange Income Corporation (EIC) has successfully closed its acquisition of Spartan Mat, LLC and its subsidiary Spartan Composites, LLC for a purchase price of US$120 million. The deal expands EIC’s Environmental Access Solutions business line into the United States matting market and adds composite manufacturing capabilities, including the SYSTEM7 and SYSTEM7-XTT product lines and the FODS Trackout system.
-
- Buyer
- Exchange Income Corporation, Northern Mat and Bridge LP
- Target
- Armand Duhamel & Fils Inc.
- Seller
- Vendors (including co-owner Guillaume Gonthier)
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Addon
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.
-
October 5, 2023
- Buyer
- Exchange Income Corporation
- Target
- DryAir Manufacturing Corp.
- Seller
- Claude Bourgault, Myrlen Kleiboer
- Industry
- Manufacturing
- Location
- Saskatchewan, Canada
- Type
- Buyout
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.
-
- Buyer
- Exchange Income Corporation
- Target
- Hansen Industries Ltd.
- Seller
- Ed Beange, Amit Chhabra
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Buyout
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.
-
March 16, 2023
- Buyer
- Exchange Income Corporation
- Target
- BVGlazing Systems Ltd.
- Industry
- Building Products
- Location
- Ontario, Canada
- Type
- Addon
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.
-
- Buyer
- Exchange Income Corporation
- Target
- Northern Mat & Bridge
- Seller
- TriWest Capital Partners
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
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.
-
December 16, 2021
- Buyer
- Exchange Income Corporation
- Target
- Crew Training International, Inc.
- Seller
- Crew Training International shareholders (founder Alan Mullen mentioned)
- Industry
- Aerospace & Defense
- Location
- Tennessee, United States
- Type
- Buyout
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.
-
- Buyer
- Exchange Income Corporation
- Target
- Carson Air Ltd.
- Seller
- Wynnchurch Capital
- Industry
- Transportation
- Location
- British Columbia, Canada
- Type
- Buyout
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.
-
- Buyer
- Exchange Income Corporation, Quest Window Systems Inc.
- Target
- Window Installation Specialists, Inc.
- Seller
- Louis Mark (owner and CEO)
- Industry
- Construction
- Location
- Washington, United States
- Type
- Buyout
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.
Related Acquisition Pages
Manufacturing Buyers & Acquisitions
4 tracked deals by Exchange Income Corporation.
Aerospace & Defense Buyers & Acquisitions
2 tracked deals by Exchange Income Corporation.
Industrial Services Buyers & Acquisitions
2 tracked deals by Exchange Income Corporation.
Transportation Buyers & Acquisitions
2 tracked deals by Exchange Income Corporation.
Acquisitions in Florida
1 tracked deal by Exchange Income Corporation.
Acquisitions in Tennessee
1 tracked deal by Exchange Income Corporation.
Acquisitions in Washington
1 tracked deal by Exchange Income Corporation.
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