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  6. Exchange Income Acquires Canadian North

M&A Deal Summary

Exchange Income Acquires Canadian North

On February 24, 2025, Exchange Income acquired airliner Canadian North for 205M CAD

Acquisition Highlights
  • This is Exchange Income’s 1st transaction in the Airlines sector.
  • This is Exchange Income’s largest (disclosed) transaction.
  • This is Exchange Income’s 14th transaction in Canada.
  • This is Exchange Income’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2025-02-24
Target Canadian North
Sector Airlines
Buyer(s) Exchange Income
Deal Type Add-on Acquisition
Deal Value 205M CAD
Advisor(s) Norton Rose Fulbright (Legal)

Target

Canadian North

Kanata, Ontario, Canada
Canadian North provides essential passenger and cargo services to 24 remote Canadian Arctic communities in Nunavut and the Northwest Territories, from its southern gateways in Ottawa and Edmonton. Canadian North was formed in 1946 and is headquartered in Kanata, Ontario.

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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 20 of 20
Sector: Airlines M&A 1 of 1
Type: Add-on Acquisition M&A Deals 20 of 20
State: Ontario M&A 2 of 2
Country: Canada M&A 14 of 14
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-07 Spartan Mat

Rockledge, Florida, United States

Spartan Mat is a manufacturer and marketer of the system7tm and system7-xttm industrial composite access mat and the proprietary fods trackout control system, as well as a broker of wood and composite mats across the united states. Spartan Mat is based in Rockledge, Florida.

Buy $120M
Mergr

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