Business · Companies · 5 hrs ago
Exchange Income completes $30 million acquisition of TerraPro
Exchange Income Corporation completed its acquisition of TerraPro on October 22, after announcing the deal in August.
The Winnipeg-based buyer is a diversified company focused on acquisitions in aerospace and aviation, and manufacturing.
TerraPro operates from Sherwood Park, Alberta, and provides access-matting services across Western Canada.
It makes mats and also operates a matting fleet and specialized equipment.
The purchase price was $30 million, subject to customary adjustments after closing.
TerraPro will be integrated into Exchange Income's Canadian Environmental Access Solutions operations, expanding its ability to serve customers across Canada.
The deal is complete, and the companies did not announce further steps.
Exchange Income Corporation completed its acquisition of TerraPro on October 22, 2026.
The purchase price was $30 million, subject to customary post-closing adjustments.
TerraPro operates an integrated access-matting platform from Sherwood Park, Alberta, serving customers across Western Canada.
TerraPro will be integrated with Exchange Income’s Environmental Access Solutions’ Canadian operations.
The acquisition was first announced on August 24, 2026.
- Who
- Exchange Income Corporation acquired TerraPro Inc.
- What
- Exchange Income completed the acquisition for $30 million, subject to customary post-closing adjustments.
- When
- October 22, 2026. The acquisition was first announced on August 24, 2026.
- Where
- TerraPro operates out of Sherwood Park, Alberta, and provides services across Western Canada.
- Why
- The integration is intended to expand Exchange Income’s capabilities and ability to serve customers throughout Canada.
This story does not have two clearly opposing sides.
Exchange Income first announced the acquisition of TerraPro.
Exchange Income completed the acquisition after obtaining the necessary approvals.
- Purchase price
- $30 million, subject to customary post-closing adjustments
- Completion date
- October 22, 2026
- Initial announcement
- August 24, 2026
- TerraPro base
- Sherwood Park, Alberta
- Operating region
- Western Canada
What people are saying
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.