M&A Deal Summary

Exchange Income Acquires Bearskin Lake Air Services

On January 1, 2011, Exchange Income acquired aerospace company Bearskin Lake Air Services for 33M USD

Acquisition Highlights
  • This is Exchange Income’s 4th transaction in the Aerospace sector.
  • This is Exchange Income’s 10th largest (disclosed) transaction.
  • This is Exchange Income’s 7th transaction in Canada.
  • This is Exchange Income’s 1st transaction in Ontario.

M&A Deal Summary
Date 2011-01-01
Target Bearskin Lake Air Services
Sector Aerospace
Buyer(s) Exchange Income
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

Bearskin Lake Air Services

Thunder Bay, Ontario, Canada
Bearskin Lake Air Services Ltd. is a regional airline company providing passenger services.

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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 8 of 19
Sector (Aerospace) 4 of 7
Type (Add-on Acquisition) 8 of 19
State (Ontario) 1 of 1
Country (Canada) 7 of 13
Year (2011) 1 of 2
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-08 Calm Air International

Thompson, Manitoba, Canada

Calm Air International Ltd. is a regional airline carrier that provides both regularly scheduled and chartered passenger and cargo flights to sixteen communities in Manitoba and Nunavut.

Buy $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 WesTower Communications

Orlando, Florida, United States

WesTower Communications, Inc. is a telecommunications services firm, focusing on construction and maintenance of communications infrastructure related to wireless networks throughout the United States.

Buy $79M
Mergr

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