M&A Deal Summary

Exchange Income Acquires 368994 Alberta

On March 29, 2007, Exchange Income acquired machinery company 368994 Alberta for 2M USD

Acquisition Highlights
  • This is Exchange Income’s 2nd transaction in the Machinery sector.
  • This is Exchange Income’s 15th largest (disclosed) transaction.
  • This is Exchange Income’s 5th transaction in Canada.
  • This is Exchange Income’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2007-03-29
Target 368994 Alberta
Sector Machinery
Buyer(s) Exchange Income
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

368994 Alberta

Grand Prairie, Alberta, Canada
368994 Alberta Ltd. (dba Hotsy Pressure Wash Systems) is a manufacturer of standard and custom designed pressure washer systems.

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Buyer(S) 1

Buyer

Exchange Income

Winnipeg, Manitoba, Canada
Category Company
Founded 2002
Sector Diversified
Employees4,340
Revenue 2.5B CAD (2023)
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 was founded in 2002 and is based in Winnipeg, Canada.

DEAL STATS #
Overall 5 of 19
Sector (Machinery) 2 of 3
Type (Add-on Acquisition) 5 of 19
State (Alberta) 2 of 3
Country (Canada) 5 of 13
Year (2007) 2 of 2
Size (of disclosed) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-16 Water Blast Man­u­fac­tur­ing

Edmon­ton, Alberta, Canada

Water Blast Man­u­fac­tur­ing LP is a manufacture of spe­cial­ized heavy-​​duty pressure washer and steam sys­tems.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 Stainless Fabrication

Springfield, Missouri, United States

Stainless Fabrication, Inc. is a custom manufacturer of shop and field fabricated of stainless steel vessels and processing equipment.

Buy $22M
Mergr

Product

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