Capital West Partners – IMAP Canada advises Hansen Industries on sale to Exchange Income Corporation

IMAP is pleased to announce that Capital West Partners – IMAP Canada advised Hansen Industries Ltd. (“Hansen”) on its sale to Exchange Income Corporation (“EIC”).

Based in Richmond, BC, Hansen is a leading manufacturer of custom precision metal components and assemblies. The Company supports its customers throughout the product life cycle, from product conceptualization to production, within its key divisions: sheet metal shop, machine shop, high-volume stamping shop, and waterjet cutting shop.

EIC is a TSX-listed company focused on two sectors: aerospace & aviation services and equipment & manufacturing.

Capital West Partners – IMAP Canada’s team in Vancouver acted as exclusive financial advisor to Hansen on this transaction and led a competitive sales process with strategic and financial buyers throughout North America.

Ed Beange, majority owner of Hansen, stated 

“I’m very proud of what we have created at Hansen. It's important through this transaction that we preserve our culture and our reputation. Hansen can continue to deliver on our ‘Quality on Time’ mantra and we are excited for the next phase of Hansen’s growth."

Mike Pyle, CEO of EIC, said 

“EIC is excited to grow our west coast metal fabrication operations with the acquisition of a leading manufacturer with both sheet metal and machining capabilities. Hansen has shown its ability to grow through providing valuable solutions to its customers, which includes being a one stop solution provider through its diversified operations. Acquiring companies who are market leaders with superior management, company culture, industry reputation and operational excellence are of paramount importance to our strategy.”