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

Jun 24, 2024•over 1 year ago

Acquiring Company

Exchange Income Corporation

Acquired Company

Armand Duhamel & Fils

WinnipegQuebecAerospaceManufacturingBuilding MaterialAgriculture and FarmingManufacturing

Description

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 Information

Company

Exchange Income Corporation

Location

Winnipeg, Manitoba, Canada

About

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed