Exchange Income Corporation Announces The Acquisition Of Dryair Manufacturing Corp.
Acquiring Company
Exchange Income Corporation
Acquired Company
DryAir
WinnipegCanadaManufacturingFinancial ServicesArtificial IntelligenceFinanceAerospaceManufacturingDescription
Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing segments, announced today it has acquired DryAir Manufacturing Corp. (“DryAir”), for a purchase price of approximately $60 million. The purchase price was funded by the issuance of $15 million of EIC common shares, equivalent to 25% of the purchase price, to the vendors and cash in the amount of $45 million from the Corporation’s credit facility.
Quick answer
Exchange Income Corporation is acquiring DryAir, announced October 5, 2023. Exchange Income Corporation is based in Winnipeg, Manitoba, Canada.
- How much did Exchange Income Corporation pay for DryAir?
- The deal value was not disclosed.
- What does Exchange Income Corporation do?
- Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: aerospace, aviation and manufacturing.
- Where are Exchange Income Corporation and DryAir based?
- Exchange Income Corporation is based in Winnipeg, Manitoba, Canada. DryAir is based in Canada.
- Who are the decision-makers at Exchange Income Corporation?
- Fundz holds 1 contact at Exchange Income Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Rithm Capital To Acquire Specialized Loan Servicing Llc (October 2, 2023)
- Lc Financial Holdings Completes Acquisition Of Bcm Global, Reinforcing Its Position As A Leading Technology-Driven Credit Specialist (September 1, 2023)
- An Affiliate Of Centre Lane Partners Acquires The Appliances Division Of Instant Brands, Maker Of Kitchen Appliances Consumer Favorites Including Instant Pot® (November 14, 2023)
- Makai Capital Partners Acquires New Life Chemical & Equipment, Inc., An Industry Leading Chemical Beneficial Reuse Company. (November 7, 2023)
- Signia Aerospace Acquires Meeker Aviation And Airfilm Camera Systems (November 6, 2023)
- Huizenga Group Acquires Adaptek Systems And Api Alliance (November 1, 2023)
Who to call at Exchange Income Corporation, and when
When Exchange Income Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Exchange Income Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Exchange Income Corporation, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Exchange Income Corporation. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Exchange Income Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired DryAir?
DryAir was acquired by Exchange Income Corporation, based in Winnipeg. The deal was reported on October 5, 2023. Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: aerospace, aviation and manufacturing. Exchange Income Corporation is privately held and operates in Manufacturing.
When did Exchange Income Corporation acquire DryAir?
Exchange Income Corporation's acquisition of DryAir was reported on October 5, 2023. Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing segments, announced today it has acquired DryAir Manufacturing Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does DryAir do?
Founded in 1994 by Claude Bourgault, DryAir is one of the world’s leading manufacturers of portable hydronic (glycol-based) climate-controlled equipment. The Company’s head office and manufacturing facilities are in St. Brieux, Saskatchewan. It is privately held, operating in Manufacturing, and is based in Canada.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.