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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.

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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.

<a href="https://id.ionanalytics.com/signin?onSuccess=https%3A%2F%2Fmergermarket.ionanalytics.com%2Fcontent%2F1004132911%3Futm_source%3DClassic%2BService%26utm_medium%3DClassic%2BContent%26utm_campaign%3DRedirect%26utm_term%3DContentOpen%26intelId%3Dintelcms-pmhc3s&amp;d=1&amp;edgeCorrelationId=266ccb8b-d7c9-4c1a-a85c-60b31df91914" target="_blank" rel="noreferrer noopener">Read Mergermarket article</a>. (subscription required)

<a href="https://www.law.com/radar/newsfeed/dealname-45e13584-416e-48c3-a40a-3a325d282af5/" target="_blank" rel="noreferrer noopener">Read Law.com Radar article</a>.

Dallas

Partner

Jordan T. Bethea

Associate

Patrick J. Luthen

Brittany A. Schwabe

Colson Ginger

Atlanta

Christopher M. Arena

Craig C. Carpenter

Cleveland

Darren A. Crook

Brian M. Harris

Washington, D.C.

Thomas E. Hogan

John R. Lehrer II

Houston

Lana Muranovic

Los Angeles

Stefan P. Smith

Christopher A. Wiech

Counsel

Erika Vela

Meagan Moore

Orga Cadet

Tali Knauer

Jeffrey E. Liskov

Orlando

Brandon G. Marcus

Business

Mergers and Acquisitions

BakerHostetler Advises Exchange Income Corporation in Acquisition of Spartan

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