WINNIPEG, Manitoba, Oct 23 — Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, is pleased to announce that it has successfully closed its acquisition of TerraPro Inc. (“TerraPro” or the “Company”), first announced on August 24, 2026. EIC has obtained all necessary approvals to close the acquisition on October 22, 2026 for a purchase price of $30 million, subject to customary post-closing adjustments.
TerraPro, operating out of Sherwood Park, Alberta, is a fully integrated access-matting platform providing services across Western Canada. The Company is supported by its internal mat manufacturing capabilities, matting fleet, and specialized equipment. TerraPro will be integrated with EIC’s Environmental Access Solutions’ Canadian operations, allowing it to further expand its capabilities and ability to service customers throughout Canada.
EIC is optimistic about the outlook for the Canadian matting market. Continued investment in long linear projects across the country is expected to support increased demand for access matting solutions. The addition of TerraPro enhances the scale of our Environmental Access Solutions’ Canadian operations, positioning the business to best support customers in the years to come.