Exchange Income Mergers and Acquisitions Summary

DiversifiedCompany

Exchange Income has acquired 13 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. 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 (54%) and machinery (16%).

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 Activity14
    • M&A Buy Activity13
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Exchange Income

Exchange Income Corp.

101-990 Lorimer Boulevard,
Winnipeg, Manitoba R3H 0T8
Canada,
(204) 982-1857
www.exchangeincomecorp.ca

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 12 - - - - 1 13
vol $564M $61M $625M
Sell (0.0/yr) # 1 - - - - - 1
vol $199M $199M
  14

Most Recent M&A

Company Date Value Type
Carson Group Ltd. 2021-07-05 61M USD Add-on Acquisition
Kelowna, British Columbia · www.carsonair.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 7 (54%) 441M (71%) - -
Machinery 2 (15%) 22M (4%) - -
Metals/Mining 2 (15%) 22M (4%) - -
Communications 1 (8%) 79M (13%) 1 (100%) 199M (100%)
Transportation 1 (8%) 61M (10%) - -
Total 13 $625M 1 $199M

By Geo

State/Country Buy Value Sell Value
Canada 10 450M - -
  Manitoba 4 88M - -
  British Columbia 2 61M - -
  Alberta 2 22M - -
  Ontario 1 33M - -
  Newfoundland 1 246M - -
United States 3 175M 1 199M
  Florida 2 153M 1 199M
  Missouri 1 22M - -
Domestic 10 (77%) 450M (72%) - -
Cross-border 3 (23%) 175M (28%) 1 (100%) 199M (100%)
Total 13 $625M 1 $199M

Top M&A Advisors

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

Deal Values

buy # Total
$100M to $1B 1 $246M
< $100M 9 $379M
TOTAL $625M
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
Acquired from
Investor(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
1 (100%)

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Manitoba Companies , Diversified Companies , Canada Companies