M&A Deal Summary

Exchange Income Acquires Stainless Fabrication

On January 2, 2008, Exchange Income acquired metals/mining company Stainless Fabrication for 22M USD

Acquisition Highlights
  • This is Exchange Income’s 2nd transaction in the Metals/Mining sector.
  • This is Exchange Income’s 12th largest (disclosed) transaction.
  • This is Exchange Income’s 1st transaction in the United States.
  • This is Exchange Income’s 1st transaction in Missouri.

M&A Deal Summary
Date 2008-01-02
Target Stainless Fabrication
Sector Metals/Mining
Buyer(s) Exchange Income
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

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.

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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 6 of 19
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 6 of 19
State (Missouri) 1 of 1
Country (United States) 1 of 6
Year (2008) 1 of 1
Size (of disclosed) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-29 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.

Buy $2M
FOLLOWING 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
Mergr

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