Exchange Income Corporation (EIC) announced its acquisition of BVGlazing Systems Ltd. for $95 million, blending aviation, aerospace, and manufacturing sectors. The deal, set for a Q2 2023 close, involves $23 million in EIC shares and $72 million cash from EIC's credit facility. BVGlazing, known for its innovative window, door, and railing systems for high-rise buildings in Canada and the US, complements EIC's Quest Window Systems by expanding its building envelope offerings. This strategic move aims to capitalize on the increasing demand for high-rise residential buildings amid housing affordability and population growth. EIC's CEO, Mike Pyle, highlighted the minimal market overlap between Quest and BVGlazing, emphasizing the strategic addition of BVGlazing's capabilities to Quest's portfolio. The acquisition is deemed accretive and strategic, promising long-term demand support with a $1 billion combined backlog and $2.5 billion in pipeline opportunities. National Bank Financial and MLT Aikins advised EIC, while KPMG Corporate Finance and Fogler Rubinoff advised BVGlazing.