Transportation M&A » By The Online Investor Staff, updated Tue., Apr. 13, 8:58 AM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #57. Exchange Income Corporation — Regional One, Inc.
Acquirer:
Exchange Income Corporation (TSE:EIF.CA)
Acquiree:
Regional One, Inc.
Details:
Exchange Income Corporation (TSX: EIF) (the "Corporation"), announced today that it has signed a stock purchase agreement to acquire all of the shares of Regional One, Inc., a privately-owned US company that is a leading provider of aircraft and engine aftermarket parts to regional airline operators around the world. The acquisition is valued at approximately US $80 million, subject to adjustments for taxes, and will be funded through the issuance of the Corporation's common shares and debt financing. The acquisition is expected to be immediately accretive to the Corporation's earnings per share and free cash flow per share. The closing of the transaction is subject to receipt of regulatory approvals and other standard conditions. The transaction is expected to close by April 1, 2013.
Exchange Income is engaged as a diversified, acquisition-oriented corporation focused on opportunities in the aerospace, aviation, and manufacturing sectors. Co. has two operating segments: Aerospace and Aviation and Manufacturing.
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