Under the deal for the Kelowna, B.C.,-based provider of fixed wing air ambulance services, EIC will pay $3-million in shares and $58-million in cash.
Carson Air has eight aircraft providing air ambulance services in B.C. from operating bases in Kelowna and Vancouver.
The company also provides cargo services in B.C. and Alberta and operates a flight school.
EIC also said it has signed deals to buy three unrelated companies that it says will tuck-into and expand operations within its existing manufacturing and aviation businesses.
The four transactions have a combined purchase price of $114-million, including $102-million in cash and $12-million in shares.
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