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Exchange Income Corporation completes acquisition of Armand Duhamel & Fils Inc. for strategic expansion

Exchange Income Corporation completes acquisition of Armand Duhamel & Fils Inc. for strategic expansion

06/24/24, 11:59 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgwinnipeg
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgquebec
Industry
aerospace
manufacturing
building material
agriculture and farming
manufacturing
Exchange Income Corporation (EIC) has officially acquired Armand Duhamel & Fils Inc. (Duhamel), a Quebec-based company, for $19 million, with the potential to increase to $22 million based on post-closing targets. This strategic acquisition is expected to bolster EIC's environmental access solutions business line in the Quebec market and Eastern Canada, leading to comprehensive offerings for clients and ensuring a strong local presence for EIC.

Company Info

Company
Exchange Income Corporation
Location
Winnipeg, Manitoba, Canada
Company info
Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: aerospace, aviation and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit www.ExchangeIncomeCorp.ca. Additional information relating to the Corporation, including all public filings, is available on SEDAR (www.sedar.com).

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