Exchange Income Mergers and Acquisitions Summary

Diversified Company

Exchange Income has acquired 12 companies. It has also divested 1 asset.

Exchange Income’s largest acquisition to date was in 2014, when it acquired Provincial Aerospace for $246M. It’s largest disclosed sale occurred in 2014, when it sold WesTower Communications to MasTec for $199M. Exchange Income has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include aerospace (59%) and machinery (17%).

Join Mergr and gain access to Exchange Income’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the diversified sector.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Exchange Income Corp.

1067 Sherwin Road,
Winnipeg, Manitoba R3H 0T8
Canada,
(204) 982-1857
www.exchangeincomecorp.ca

Exchange Income Corp. 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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 12 - - - - - 12
vol $564M $564M
Sell (0.0/yr) # 1 - - - - - 1
vol $199M $199M
  13

Most Recent M&A

Company Date Value Type
Provincial Aerospace Ltd. 2014-11-12 246M USD Add-on Acquisition
St. John's, Newfoundland · www.provincialaerospace.com
WesTower Communications, Inc. 2014-10-20 199M USD Divestiture
Orlando, Florida · www.westower.com
Regional One, Inc. 2013-04-15 74M USD Add-on Acquisition
Miami, Florida · www.regionalone.com
Custom Helicopters Ltd. 2012-02-01 29M USD Add-on Acquisition
St. Andrews, Manitoba · www.customheli.com
WesTower Communications, Inc. 2011-04-04 79M USD Add-on Acquisition
Orlando, Florida · www.westower.com
Bearskin Lake Air Services Ltd. 2011-01-01 33M USD Add-on Acquisition
Thunder Bay, Ontario · www.bearskinairlines.com
Calm Air International Ltd. 2009-04-08 59M USD Add-on Acquisition
Thompson, Manitoba · www.calmair.com
Stainless Fabrication, Inc. 2008-01-02 22M USD Add-on Acquisition
Springfield, Missouri · www.stainlessfab.com
368994 Alberta Ltd. (dba Hotsy Pressure Wash Systems) 2007-03-29 2M USD Add-on Acquisition
Grand Prairie, Alberta · www.hotsyab.com
Water Blast Man­u­fac­tur­ing LP 2007-03-16 20M USD Add-on Acquisition
Edmon­ton, Alberta
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Provincial Aerospace Ltd. 2014-11-12 CarteNav Solutions, Inc. 2016-08-08 1
St. John's, Newfoundland · www.provincialaerospace.com Halifax, Nova Scotia · www.cartenav.com

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 7 (58%) 441M (78%) - -
Machinery 2 (17%) 22M (4%) - -
Metals/Mining 2 (17%) 22M (4%) - -
Communications 1 (8%) 79M (14%) 1 (100%) 199M (100%)
Total 12 $564M 1 $199M

By Geo

State/Country Buy Value Sell Value
Canada 9 389M - -
  Manitoba 4 88M - -
  Alberta 2 22M - -
  Ontario 1 33M - -
  Newfoundland 1 246M - -
  British Columbia 1 - - -
United States 3 175M 1 199M
  Florida 2 153M 1 199M
  Missouri 1 22M - -
Domestic 9 (75%) 389M (69%) - -
Cross-border 3 (25%) 175M (31%) 1 (100%) 199M (100%)
Total 12 $564M 1 $199M

Top M&A Advisors

Financial Deals
Renaissance Strategic Advisors
1
Legal Deals
Aikins MacAulay & Thorvaldson LLP
1

Deal Values

buy # Total
$100M to $1B 1 $246M
< $100M 8 $318M
TOTAL $564M
Largest Provincial Aerospace Ltd.
$246M (2014-11-12)
sell # Total
$100M to $1B 1 $199M
TOTAL $199M
Largest WesTower Communications, Inc.
$199M (2014-10-20)

M&A Connections

Deals %
Divested to
Strategic(s)
100%
1 100%

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