Winnipeg-based Exchange Income Corporation (EIC) has acquired Hansen Industries Ltd. (Hansen) for $42.5 million.
Hansen is a Richmond, B.C.-based manufacturer of precision metal parts with sheet metal, machining and stamping operations. The company has more than 30 CNC-equipped machines and serves customers throughout Western Canada.
EIC is an acquisition-oriented company focusing on the aerospace, aviation and manufacturing sectors.
"EIC is excited to grow our west coast metal fabrication operations with the acquisition of a leading manufacturer with both sheet metal and machining capabilities," EIC CEO Mike Pyle said in a release. "Hansen has shown its ability to grow through providing valuable solutions to its customers, which includes being a one-stop solution provider through its diversified operations."
MLT Aikins was pleased to act as counsel to EIC on its acquisition of Hansen. David Filmon, Jordan Riese, Michelle Redekopp, Paul Tascona and Erin Tramley advised EIC on the Hansen transaction.
The lawyers in our Mergers & Acquisitions group have wide-ranging experience advising on significant private and public transactions across Western Canada. Contact us to learn more.