The Eagles were located in Espanola, a small industrial town in Northern Ontario, where they struggled to remain viable and competitive, passing into and out of existence in four different phases.

After three winning seasons and a trip to the league finals in 2004–05, the ownership group decided to sell the financially unstable team.

In late summer of 2006, New York land developer Charles Perdicaro bought and renamed the Black Bears the Soo Indians.

Over the 2006 Christmas break, Perdicaro fired Capy and his staff due to "philosophical differences" and hired Kevin Cain to take over.

The Soo Indians went on to win the NOJHL's McNamara Trophy as 2007 playoff champions but were not successful at the Dudley Hewitt Cup.

[2] On March 2, 2012, the Soo Eagles announced that they were leaving the NOJHL for the Tier II junior North American Hockey League.

On March 24, 2012, the Eagles played their final NOJHL game, a 4-2 loss to the Soo Thunderbirds in front of a hometown crowd in Pullar Stadium.

With the loss of Flint and previous departures of teams from Port Huron, Detroit (twice), Kalamazoo, Alpena, Traverse City and Marquette, the Soo Eagles became isolated and it was determined to be financially impossible to continue in the NAHL.