Exchange Income - M&A Summary and Business Overview

DiversifiedCompany

Exchange Income M&A Summary

Exchange Income has acquired 18 companies, including 6 in the last 5 years. A total of 2 acquisitions 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 4 different US states, and 2 countries. The Company’s most targeted sectors include aerospace (39%) and machinery (17%).

Exchange Income Business Overview

Where is Exchange Income headquartered?

Exchange Income is headquartered in Winnipeg, Manitoba.

What is Exchange Income’s revenue?

Exchange Income disclosed revenue of 1,413M CAD for 2021 and 1,150M CAD for 2020.

How many employees does Exchange Income have?

Exchange Income has 4,340 employees.

What sector is Exchange Income in?

Exchange Income is a diversified company.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity18
    • M&A Sell Activity1
  • Total Sectors Invested 8
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 5

Exchange Income

Exchange Income Corp.

101-990 Lorimer Boulevard,
Winnipeg, Manitoba R3P 0Z9
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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 12 - 2 1 2 1 18
vol $564M $106M $155M $19M $844M
Sell (0.0/yr) # 1 - - - - - 1
vol $199M $199M
  19

Most Recent M&A

Company Date Value Type
Armand Duhamel & Fils, Inc. 2024-06-24 19M USD Add-on Acquisition
St-Ignace-de-Stanbridge, Quebec
DryAir, Inc. 2023-10-05 60M USD Add-on Acquisition
St. Brieux, Saskatchewan · www.dryair.ca
BVGlazing Systems Ltd. 2023-03-16 95M USD Add-on Acquisition
New York, New York · www.bvglazing.com
Northern Mat & Bridge LP 2022-05-11 - Add-on Acquisition
Grande Prairie, Alberta · www.northernmat.ca
Crew Training International, Inc. 2021-12-16 45M USD Add-on Acquisition
Memphis, Tennessee · www.cti-crm.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 7 (39%) 441M (52%) - -
Machinery 3 (17%) 82M (10%) - -
Building Materials 2 (11%) 95M (11%) - -
Metals/Mining 2 (11%) 22M (3%) - -
Communications 1 (6%) 79M (9%) 1 (100%) 199M (100%)
Education 1 (6%) 45M (5%) - -
Forest Products 1 (6%) 19M (2%) - -
Transportation 1 (6%) 61M (7%) - -
Total 18 $844M 1 $199M

By Geo

State/Country Buy Value Sell Value
Canada 13 529M - -
  Manitoba 4 88M - -
  Alberta 3 22M - -
  British Columbia 2 61M - -
  Saskatchewan 1 60M - -
  Quebec 1 19M - -
  Ontario 1 33M - -
  Newfoundland 1 246M - -
United States 5 315M 1 199M
  Florida 2 153M 1 199M
  Tennessee 1 45M - -
  New York 1 95M - -
  Missouri 1 22M - -
Domestic 13 (72%) 529M (63%) - -
Cross-border 5 (28%) 315M (37%) 1 (100%) 199M (100%)
Total 18 $844M 1 $199M

Top M&A Advisors

Financial Deals
National Bank Financial
1
Renaissance Strategic Advisors
1
CIBC Capital Markets
1
Legal Deals
MLT Aikins
2
Aikins MacAulay & Thorvaldson LLP
1

Deal Values

buy # Total
$100M to $1B 1 $246M
< $100M 13 $598M
TOTAL $844M
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)
11%
2 (11%)
Divested to
Strategic(s)
100%
1 (100%)

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Related Lists for Exchange Income

Manitoba Companies , Diversified Companies , Canada Companies