{"url":"https://newsforagent.com/news/2026-10-22/exchange-income-terrapro-acquisition-close","markdown_url":"https://newsforagent.com/news/2026-10-22/exchange-income-terrapro-acquisition-close.md","title":"Exchange Income closes $30 million TerraPro acquisition","headline":"Exchange Income Corporation completes $30 million TerraPro purchase, folds matting platform into Environmental Access Solutions","description":"Exchange Income Corporation closed its $30 million TerraPro acquisition on October 22, 2026, integrating the Western Canada access-matting platform into its Canadian operations.","section":"Mergers & Acquisitions","published_at":"2026-10-22T21:45:04+00:00","modified_at":"2026-10-22T21:45:04+00:00","author":"News Desk","key_takeaways":["Exchange Income Corporation closed its acquisition of TerraPro Inc. on October 22, 2026 for $30 million, subject to customary post-closing adjustments.","TerraPro operates out of Sherwood Park, Alberta, providing access-matting services across Western Canada with internal mat manufacturing, a matting fleet and specialized equipment.","TerraPro will be integrated with Exchange Income's Environmental Access Solutions Canadian operations."],"companies":[{"name":"Exchange Income Corporation","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00045lo/exchange-income-corporation","website":"https://www.exchangeincomecorp.ca"},{"name":"TerraPro","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000k6yq/terrapro","website":"https://terraproinc.com"}],"source":{"publisher":"Financial Post","title":"Exchange Income Corporation Completes Acquisition of TerraPro","url":"https://financialpost.com/pmn/business-wire-news-releases-pmn/exchange-income-corporation-completes-acquisition-of-terrapro"},"other_sources":[],"tags":["Mergers & Acquisitions","Exchange Income Corporation","TerraPro"],"body_markdown":"[Exchange Income Corporation](https://akta.pro/company-profiles/00045lo/exchange-income-corporation) closed its acquisition of [TerraPro](https://akta.pro/company-profiles/000k6yq/terrapro) Inc. on October 22, 2026 for $30 million, subject to customary post-closing adjustments. The [Financial Post](https://financialpost.com/pmn/business-wire-news-releases-pmn/exchange-income-corporation-completes-acquisition-of-terrapro) reported the closing, which follows the deal's first announcement on August 24, 2026. Exchange Income is a Winnipeg-based diversified acquisition-oriented company operating in Aerospace & Aviation and Manufacturing. TerraPro is a fully integrated access-matting platform providing services across Western Canada.\n\n## Exchange Income's $30 Million TerraPro Purchase\n\nExchange Income said it 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. The company first announced the acquisition on August 24, 2026. TerraPro operates out of Sherwood Park, Alberta, and is supported by its internal mat manufacturing capabilities, matting fleet and specialized equipment. TerraPro will be integrated with Exchange Income's Environmental Access Solutions Canadian operations, allowing it to further expand its capabilities and ability to service customers throughout Canada. Exchange Income said it is optimistic about the outlook for the Canadian matting market, and that continued investment in long linear projects across the country is expected to support increased demand for access matting solutions. The company said the addition of TerraPro enhances the scale of its Environmental Access Solutions Canadian operations, positioning the business to best support customers in the years to come. Yahoo reported on August 24, 2026 that Exchange Income agreed to acquire TerraPro for C$30 million, with no further details on terms, timing or the target's business disclosed at that point.\n\n## Exchange Income's Scale Behind the TerraPro Deal\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Exchange Income reported full-year 2025 revenue of $3.3 billion, representing 23% growth over 2024, and full-year 2025 adjusted EBITDA of $754 million, an all-time record. The same records show Q1 2026 revenue of $867 million, a 30% increase from the prior period, with net earnings of $28 million. Exchange Income's total funding stands at $3.2 billion, and its funding records list three rounds, including a $600 million offering of 4.324% senior unsecured notes due March 13, 2031, closed in March 2026.\n\n## Exchange Income's Run-Up to the TerraPro Closing\n\nExchange Income declared a $0.24 per share dividend for the month ended October 31, 2026, with payment due November 13, 2026 to shareholders of record at the close of business on October 30, 2026, The future of trading reported. Simply Wall St reported on September 26, 2026 that Exchange Income posted record second-quarter results in August 2026, raised its full-year guidance and increased its monthly dividend. Financial Post reported on September 17, 2026 that Exchange Income declared eligible dividends of $0.24 per share for the month ended September 30, 2026, payable October 15, 2026 to shareholders of record on September 29, 2026.\n\n## TerraPro's Integration Into Environmental Access Solutions\n\nExchange Income said TerraPro will be integrated with its Environmental Access Solutions Canadian operations, expanding the unit's capabilities and its ability to service customers throughout Canada.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}