Track Record
of Success

Stormont Capital Advisors is pleased to announce the following successful transaction in the Air & Ground Ambulance market segments.

May 13, 2022 – Exchange Income Corporation (EIC), a Canadian diversified company focused on aerospace and aviation services, equipment and manufacturing, announced the acquisition of Alberta-based, Advanced Paramedic Ltd. (APL).


EIC is an acquisition-oriented company based in Winnipeg, Manitoba that partners with well- established companies with strong management teams that generate steady cash flow and operate in niche markets.


With 21 years of experience in Emergency Medical Services across Alberta, APL is committed to provide high quality Air Ambulance, Ground Ambulance, Industrial, Remote Northern Clinics, Special Events, Medical Standby, and Non-Emergent Medical Transport services in the region.


The successful transaction allowed EIC, to expand its existing air ambulance services footprint into Alberta, while it provided the APL shareholders a liquidity event and strategic partner to continue growing the business, building on APL’s reputation, and core values.


Stormont acted as the exclusive financial advisor to APL shareholders, in performing the following activities:


  • Identified suitable target buyers
  • Managed a competitive process with offers from multiple counter-parties
  • Negotiated commercial terms
  • Managed the due diligence process
  • Managed virtual data room
  • Coordinated stakeholders to Closing


Learn more about this transaction here.