Business
Exchange Income Corporation Announces the Acquisition of MACH 2
The Acquisition Strengthens Regional One’s Expansion into the Commercial Aviation Aftermar...
About this update from Exchange Income Corporation
[{"type":"text","content":"Exchange Income Corporation Announces the Acquisition of MACH 2\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n\n The Acquisition Strengthens Regional One’s Expansion into the Commercial Aviation Aftermarket\n \n\n\n\n\n\n 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 acquired MnM Aircraft Component Holdings, Inc. (“MACH 2” or the “Company”) for a purchase price of US$43 million. The purchase price was funded through the issuance of US$9 million in EIC common shares to the vendor and cash in the amount of US$34 million from the Corporation’s credit facility. MACH 2 will operate as a subsidiary of Regional One, Inc. (“Regional One” or “R1”).\n \n\n The acquisition of MACH 2 materially accelerates Regional One’s presence in the commercial (narrow and wide body jet aircraft) aviation aftermarket. EIC’s acquisition of Canadian North in 2025 expanded the Corporation’s fleet into the narrow body jet category, providing Regional One with a unique opportunity to leverage Canadian North’s 737 asset base, data, and market intelligence. The acquisition of MACH 2 provides Regional One with the necessary commercial expertise, asset knowledge, and inventory to jumpstart its expansion into narrow body aircraft, the largest segment of the aircraft parts market.\n \n\n Operating from Pompano Beach, Florida, MACH 2 participates in the commercial segment of the global used serviceable material (\"USM\") market. The Company maintains longstanding customer relationships and has a proven track record of sourcing high‑demand components across multiple aircraft families. MACH 2 does not target the regional segment of the market, resulting in less than a 5% overlap with Regional One’s current business.\n \n\n “Since acquiring Regional One in 2013, the R1 team has transformed the business through the development of industry-leading systems, processes and proprietary data capabilities,” said Mike Pyle, CEO of EIC. “With our acquisition of Canadian North and access to its 737 fleet, ...