Target Information

TriWest Capital Partners has successfully sold Northern Mat & Bridge Limited Partnership ("Northern Mat & Bridge" or the "Company"), a premier provider of temporary access solutions in Canada, to Exchange Income Corporation ("EIC"). Based in Calgary, Alberta, Northern Mat & Bridge is recognized for offering safe and environmentally friendly access solutions tailored to various industrial sectors including power transmission, pipeline, oil and gas, emergency response, renewable energy, forestry, mining, and general construction.

Northern Mat & Bridge boasts the largest fleet of access mats and portable bridges in Canada. The Company is equipped to manage all aspects of clients' access needs, providing a comprehensive product and service lineup that includes access mats, rig mats, crane mats, and temporary bridges, as well as planning, delivery, installation, maintenance, and removal services. With extensive manufacturing capabilities and a vast operational presence across Canada, Northern Mat & Bridge is well-positioned as a leader in the temporary access solutions market.

Industry Overview in Canada

The Canadian industrial sector is characterized by its diverse engagement across numerous markets, including energy, construction, and natural resources. The demand for temporary access solutions is driven primarily by the need for efficient, safe, and environmentally compliant operations in remote and challenging environments. As industries grow increasingly focused on sustainability, environmentally friendly solutions like those offered by Northern Mat & Bridge have gained significant traction.

Power generation, particularly in the renewable energy sector, has witnessed a boom in recent years, leading to increased demand for access solutions for construction and maintenance purposes. Similarly, the oil and gas sector continues to require effective solutions to navigate through Canadian wilderness, where natural environments pose logistical challenges. Furthermore, natural resource extraction, particularly in mining and forestry, underscores the importance of reliable access solutions to ensure operational efficacy.

Emerging technologies and a strong emphasis on safety regulations in Canada are contributing to favorable growth conditions for companies offering robust access solutions. As compliance with environmental standards remains paramount, industries will increasingly turn to providers that deliver sustainable solutions while optimizing operational safety and efficiency.

The Rationale Behind the Deal

The sale of Northern Mat & Bridge aligns with TriWest Capital Partners' strategic approach of collaborating with successful Western Canadian entrepreneurs and transitioning ownership to a partner with aligned interests. By partnering with EIC, Northern Mat & Bridge is poised for continued growth, benefiting from EIC's focus on profitability and market expansion.

TriWest's management is confident that EIC’s acquisition will provide Northern Mat & Bridge with the necessary resources to enhance its offerings and explore new markets, thereby creating value for both companies.

Investor Information

Exchange Income Corporation is a diversified, acquisition-oriented entity that operates primarily in the aerospace & aviation services and manufacturing sectors. With a disciplined focus on procuring profitable companies exhibiting strong management teams and steady cash flow, EIC's acquisition strategy is geared towards fostering organic growth in niche markets.

The Corporation has a solid track record in successful acquisitions that not only enhance its portfolio but also solidify its market presence in chosen sectors. EIC's commitment to operational excellence aligns well with the mission of Northern Mat & Bridge, setting the stage for a fruitful partnership.

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This transaction represents a strategic opportunity for both Northern Mat & Bridge and EIC. As a market leader in temporary access solutions, Northern Mat & Bridge stands to gain significantly from EIC's operational resources, stakeholder support, and strategic vision.

The alignment of values and goals between these companies could foster further innovation within the sector. Considering the increasing emphasis on environmentally sustainable operations, Northern Mat & Bridge's offerings are expected to gain prominence in both existing and new markets.

Furthermore, this acquisition allows TriWest Capital Partners to exit with significant returns while positioning Northern Mat & Bridge for accelerated growth. The potential for expanding EIC's footprint in related niche markets presents a compelling case for this investment.

Overall, this deal appears to be a prudent investment for EIC, paving the way for a strong partnership that could enhance market leadership in temporary access solutions and capitalize on the growing demand within various industrial sectors.

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