Exchange Income completed the acquisition of Northern Mat & Bridge for $325m.

Exchange Income, a Canada-based acquisition-oriented company that is focused on opportunities in aerospace & aviation services and equipment, and manufacturing, completed the acquisition of Northern Mat & Bridge, a provider of safe, cost-effective temporary access matting solutions for oil & gas exploration, pipelines, electricity transmission and distribution, mining and general construction, for $325m. “We could not be more pleased to be joining EIC’s family of companies. EIC represents everything we were looking for in a new owner. Its philosophy of buying for the long term, preserving the existing management team and entrepreneurial spirit of Northern Mat, while providing the resources to help us grow, will enable us to achieve our future goals. It is important to us that the relationships we have with our employees, customers and other stakeholders are not going to change and will, in fact, become even stronger. EIC’s culture and the way it works with its Indigenous partners is also a perfect complement to our own. I am very excited for what the future holds,” Darren Francis, Northern Mat & Bridge President and CEO.