Business
EXH Engineering joins GENIVAR and Sets the Stage for Further Expansion in Alberta
MONTREAL, March 3 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is pleased to announce that EX...
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[{"type":"text","content":"\n\n\n\nMONTREAL, March 3 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is\npleased to announce that EXH Engineering Services Ltd. (EXH), an Alberta-based\nfirm with 14 offices and over 275 employees, joined GENIVAR. The firm\nspecializes in transportation and municipal infrastructure. GENIVAR's\nworkforce in Western Canada numbers over 500 employees.\n\n\n"These are exciting times for GENIVAR. The acquisition of EXH, an\nindustry leader in Alberta, represents a major step forward in developing our\nengineering services platform in this province. We have gained an important\nfoothold there thanks to EXH's strong local presence, with 14 offices around\nthe province, including Red Deer, Edmonton, Fort McMurray, Medicine Hat and\nGrande Prairie," said Pierre Shoiry, GENIVAR's President and CEO. "With EXH on\nboard, GENIVAR is a key player in the transportation and municipal\ninfrastructure sectors, which are strong markets in the years to come. We\nintend to keep expanding our team in all of our markets, particularly the\nbuilding, environment, industrial and power sectors. EXH has established a\nsolid network by forging long-term client relationships, and that ties in well\nwith GENIVAR's business model."\n\n\n"We are very pleased to join forces with GENIVAR, in a move that gives us\nnew momentum," said Brian Oshust, EXH's President. "Having been involved in\nalmost every facet of Alberta's infrastructure development, we can now expand\nour business opportunities and carry out larger and more complex projects\nthanks to GENIVAR's size, capacity and vast pool of multidisciplinary skills,\nbacked by our province's significant growth potential. We also share the same\ncore values, including a strong entrepreneurial culture and a regional focus.\nOur clients will have access to the entire range of expertise available within\nour networks. The future is rich with exciting opportunities for our team as\nwe strive to meet our clients' growing needs."\n\n\nThe closing of this transaction has been effective on February 29, 2008.\n\n\nAbout EXH Engineering Services Ltd.\n\n\nFounded in 1991, EXH currently has over 275 employees based in 14 offices\nacross Alberta. In 2007, EXH generated gross revenue of approximately\n$36 million. The firm provides private developers and municipalities around\nthe ...