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M&A Deal Summary

Exchange Income Acquires Calm Air International

On April 8, 2009, Exchange Income acquired aerospace company Calm Air International for 59M USD

Acquisition Highlights
  • This is Exchange Income’s 3rd transaction in the Aerospace sector.
  • This is Exchange Income’s 9th largest (disclosed) transaction.
  • This is Exchange Income’s 6th transaction in Canada.
  • This is Exchange Income’s 3rd transaction in Manitoba.

M&A Deal Summary
Date 2009-04-08
Target Calm Air International
Sector Aerospace
Buyer(s) Exchange Income
Deal Type Add-on Acquisition
Deal Value 59M USD

Target

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.

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Buyer(S) 1

Buyer

Exchange Income

Winnipeg, Manitoba, Canada
Category Company
Founded 2002
Sector Diversified
Employees4,340
Revenue 2.7B CAD (2024)
DESCRIPTION
Exchange Income Corporation's headquarters in Winnipeg, Manitoba.
Exchange Income Corporation's headquarters in Winnipeg, Manitoba.

Exchange Income is a diversified acquisition-oriented company, focused in three sectors: aviation services and equipment, metal manufacturing, and infrastructure services. Exchange Income was founded in 2002 and is based in Winnipeg, Manitoba.

DEAL STATS #
Overall 7 of 20
Sector: Aerospace M&A 3 of 7
Type: Add-on Acquisition M&A Deals 7 of 20
State: Manitoba M&A 3 of 4
Country: Canada M&A 6 of 14
Year: 2009 M&A 1 of 1
Size (of disclosed) 9 of 16
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Bearskin Lake Air Services

Thunder Bay, Ontario, Canada

Bearskin Lake Air Services Ltd. is a regional airline company providing passenger services.

Buy $33M
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