Business
GENIVAR Income Fund Acquires Henderson Paddon & Associates, an Ontario-based Civil and Environmental Engineering Firm
MONTREAL, Aug. 18 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the a...
About this update from Wsp Global Inc
[{"type":"text","content":"\n\n\n\nMONTREAL, Aug. 18 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is\npleased to announce the acquisition of Henderson Paddon & Associates Limited\n("Henderson Paddon"), an Ontario-based civil engineering and environmental\nconsulting firm. GENIVAR now has more than 600 employees in Ontario.\n\n\n"I am very pleased to welcome Henderson Paddon to the GENIVAR team," said\nPierre Shoiry, GENIVAR's President and CEO. "This acquisition allows us to\nconsolidate our municipal infrastructure, transportation and building\nengineering expertise. Environmentally sustainable engineering solutions are a\nkey focus for GENIVAR, and Henderson Paddon's dedication to providing\nsustainable solutions is consistent with our priorities," added Mr. Shoiry.\n"With this acquisition, GENIVAR has significantly reinforced its national\nbase, adding 70 employees in four new Ontario offices, including Owen Sound,\nHanover, Grimsby and Clarksburg. Henderson Paddon has established a solid\nnetwork by forging long-term client relationships, and that ties in well with\nGENIVAR's business model," he concluded.\n\n\n"The acquisition of Henderson Paddon represents a step further in\nGENIVAR's development. With Henderson Paddon on board, GENIVAR now ranks as\none of the leading companies in Ontario's municipal infrastructure,\ntransportation and building engineering sectors, all of which will be strong\nmarkets in the years to come. Indeed, we intend to keep expanding our\nmultidisciplinary teams in all of our market segments," said Anita Smith,\nGENIVAR's Executive Vice-President for Western Ontario. "In addition to\nexpanding our geographic coverage of the province and our client base,\nHenderson Paddon brings us additional expertise in the areas of sustainability\nplanning, municipal infrastructure design, environmental and waste management,\nstructural engineering, hydrogeology and construction contract\nadministration", she added.\n\n\n"GENIVAR is a great strategic fit because its business model is focused\non regional development. It also takes a service-oriented team approach while\nfostering an entrepreneurial culture," said Jeff Graham, Henderson Paddon's\nPresident. "GENIVAR's comprehensive range of expertise across its national\nnetwork will be a tremend...