M&A Deal Summary

Exchange Income Acquires Duhamel

On June 24, 2024, Exchange Income acquired forest products company Duhamel for 19M USD

Acquisition Highlights
  • This is Exchange Income’s 1st transaction in the Forest Products sector.
  • This is Exchange Income’s 13th largest (disclosed) transaction.
  • This is Exchange Income’s 13th transaction in Canada.
  • This is Exchange Income’s 1st transaction in Quebec.

M&A Deal Summary

Date 2024-06-24
Target Duhamel
Sector Forest Products
Buyer(s) Exchange Income
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

Duhamel

St-Ignace-de-Stanbridge, Quebec, Canada
Duhamel owns and operates a sawmill operation that manufactures products for customers in Quebec, Ontario, and Atlantic Canada. It primarily focuses on the manufacturing and sale of eastern hemlock products. The company operates on approximately 40 acres of owned land includes its lumber yard and sawmill. Duhamel was formed in 1965 and is based in St-Ignace-de-Stanbridge, Quebec.

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Buyer(S) 1

Buyer

Exchange Income

Winnipeg, Manitoba, Canada

website


Category Company
Sector Diversified
Employees4,340
Revenue 1.4B CAD (2021)
DESCRIPTION

Exchange Income is a diversified acquisition-oriented company, focused in three sectors: aviation services and equipment, metal manufacturing, and infrastructure services. The Aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service, Custom Helicopters and Regional One. The Manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, and Stainless Fabrication. The Infrastructure segment consists of the operation of WesTower Communications (Canada). Exchange Income is based in Winnipeg, Canada.


DEAL STATS #
Overall 18 of 18
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Quebec) 1 of 1
Country (Canada) 13 of 13
Year (2024) 1 of 1
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 DryAir

St. Brieux, Saskatchewan, Canada

DryAir is a manufacturer of portable hydronic (glycol-based) climate-controlled equipment. DryAir's head office and manufacturing facilities are in St. Brieux, Saskatchewan.

Buy $60M