Baker & Hostetler LLP
11/26/2024 | Press release | Distributed by Public on 11/26/2024 11:12
BakerHostetler Advises Exchange Income Corporation in Acquisition of Spartan
11/26/2024|1 minute read
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A BakerHostetler team led by Partner Jordan Bethea, as well as Associates Patrick Luthen, Brittany Schwabe and Colson Ginger, advised Canada-based Exchange Income Corporation (EIC) in the acquisition of Spartan Mat, LLC and its subsidiary Spartan Composites, LLC for the purchase price of USD $120 million. The acquisition was announced Nov. 7, 2024, and closed Nov. 13, 2024.
EIC, a diversified, acquisition-oriented company, is based in Winnipeg, Manitoba and focused on opportunities in the aerospace and aviation and manufacturing segments. Spartan manufactures industrial composite access mats, including the SYSTEM7™ and SYSTEM7-XT™ mats, as well as brokers the rent and sale of wood and composite mats across the U.S.
Members of the deal team include Partners Christopher Arena, Craig Carpenter, Darren Crook, Brian Harris, Thomas Hogan, John Lehrer, Lana Muranovic, Stefan Smith and Christopher Wiech, Counsels Erika Vela and Meagan Moore and Associates Orga Cadet, Tali Knauer, Jeffrey Liskov and Brandon Marcus.
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