Exchange Income agrees to buy TerraPro for $30 million

Reuters2026/08/24 11:55

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Exchange Income Corporation agreed to buy TerraPro for CAD 30 million via a plan of arrangement.
Closing expected early in the fourth quarter, subject to TerraPro shareholder vote and final court sign-off.
Consideration includes up to CAD 4 million in EIC common shares, with the balance funded from EIC’s credit facility.
Price excludes TerraPro’s Sherwood Park, Alberta property; EIC will acquire it, sell it, then distribute proceeds to TerraPro shareholders.
TerraPro will be folded into EIC’s Environmental Access Solutions Canadian operations to expand its access-matting business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Exchange Income Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260824271354) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Exchange Income agrees to buy TerraPro for $30 million

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