Wall told a conference call with financial analysts that the company was looking at a number of opportunities, but cautioned the helicopter charter company didn't have anything to announce yet.
"We're working on a couple of potential acquisitions, but we're always working on a couple of potentials, so I don't want to overplay that," he told financial analysts.
"We can't say anything until it is done or until we're advised of our success on a specific endeavour."
The deal for the HNZ gave the Montreal-based company bases of operations in New Zealand and Southeast Asia from which to build its business.
HNZ added nearly 200 employees, a fleet of more than 30 helicopters and 11 bases in New Zealand, Australia and elsewhere in the region with customers ranging from the offshore oil and gas exploration industry and mining companies to governments, emergency services and the military.
"This transaction cemented our position as a global player in the helicopter services industry," Wall said.
"HNZ has performed as anticipated and we regard it as both a template for future growth through acquisitions and as a platform to penetrate new markets."
Shares in Canadian Helicopters were up in trading Wednesday after it reported better-than-expected results, boosted by the HNZ acquisition.
Its shares gained $2.27 or 8.3 per cent on the Toronto Stock Exchange to close at $29.71.
Canadian Helicopters earned a profit of $10.2-million or 78 cents per share in its fourth quarter, up from a $28.8-million loss a year ago — in part, due to costs associated with converting from an income trust to a corporation.
The average analyst estimate compiled by Thomson Reuters was for a profit of 42 cents per share compiled by Thomson Reuters.
The Montreal-based company's revenue for the quarter grew by 60 per cent to $68.9 million, including $15.4 million from HNZ, acquired in July for C$120 million. Revenue for the fourth quarter of 2010, before the HNZ acquisition, was $43 million.
The company provides helicopter and related support services in Canada, Australia, New Zealand and parts of southeast Asia.
It also operates flight schools, provides repair and maintenance services in Canada and the United States and provides military support in Afghanistan.