M&A Deal Summary

Exchange Income Acquires Crew Training International

On December 16, 2021, Exchange Income acquired education company Crew Training International for 45M USD

Acquisition Highlights
  • This is Exchange Income’s 1st transaction in the Education sector.
  • This is Exchange Income’s 9th largest (disclosed) transaction.
  • This is Exchange Income’s 4th transaction in the United States.
  • This is Exchange Income’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-12-16
Target Crew Training International
Sector Education
Buyer(s) Exchange Income
Deal Type Add-on Acquisition
Deal Value 45M USD

Target

Crew Training International

Memphis, Tennessee, United States
Crew Training International develops advanced training solutions for the US Department of Defense, government, and commercial training programs. The company specializes in pilot and sensor operator crew training on both manned and unmanned military aircraft for the US Department of Defense. Crew Training International was formed in 1992 and is based in Memphis, Tennessee.

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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 14 of 19
Sector (Education) 1 of 1
Type (Add-on Acquisition) 14 of 19
State (Tennessee) 1 of 1
Country (United States) 4 of 6
Year (2021) 2 of 2
Size (of disclosed) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 Carson Air

Kelowna, British Columbia, Canada

Carson Air is a provider of fixed-wing air ambulance services. The company provides fixed-wing air ambulance services, air cargo services, and operates a flight school. Carson Air was founded in 1990 and is based in Kelowna, British Columbia.

Buy $61M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Northern Mat & Bridge

Grande Prairie, Alberta, Canada

Northern Mat & Bridge is a provider of safe, cost effective temporary access products and solutions for energy industries across North America. Northern Mat & Bridge was founded in 1999 and is based in Grande Prairie, Alberta.

Buy -
Mergr

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