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New Deal


Announced

Exchange Income Corporation to acquire BVGlazing Systems for $95m.

Financials

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Transaction Value£78m
Consideration TypeCash, Loan Notes
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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glass manufacturer

Glass

Majority

glazing

Private

Friendly

Single Bidder

Pending

Acquisition

Domestic

Canada

Synopsis

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Exchange Income Corporation, a diversified, acquisition-oriented corporation, agreed to acquire BVGlazing Systems, a glazing systems manufacturer, for $95m. “Our team is excited about taking this next step in our company’s growth. Quest has a great reputation in the market, and we’ve seen how they’ve grown since EIC’s investment. Their strong presence in the US, with both a large manufacturing facility and internal installation capabilities, are true differentiators. Working together with EIC and our new sister company Quest, we’ll be able to offer our customers even greater value through our combined capacity. This means we’ll be much better positioned to compete for jobs across North America,” Mike Cornacchia, BVGlazing President.

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