Business
GENIVAR Income Fund Acquires Wiebe Environmental Services Inc., an Alberta Based Firm and Pursues its Expansion in Western Canada
MONTREAL, March 2 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the a...
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[{"type":"text","content":"\n\n\n\nMONTREAL, March 2 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is\npleased to announce the acquisition of Wiebe Environmental Services Inc.\n("WES"), a firm specializing in environmental services. WES has 40 employees\nat its Calgary, Edmonton and Grande Prairie offices, Alberta. GENIVAR has more\nthan 550 employees in Western Canada, including 310 in Alberta.\n\n\n"We are very pleased to welcome WES into GENIVAR's team," said Pierre\nShoiry, GENIVAR's President and CEO. "The environment is a strategic sector\nfor GENIVAR in the development and delivery of projects in all of our market\nsegments. Thanks to our multidisciplinary team of experts and scientists, we\nare among the leading companies in the environmental sector. This acquisition\ncomplements our services in Alberta where we are now better positioned to\nsupport our clients and to move their projects forward in assisting them in\nmeeting increasingly stringent environmental standards and permit regulations\nwhich have become an integral part of the business process," added Mr. Shoiry.\n\n\n"WES provides us with solid and complementary expertise, including in the\nareas of environmental program design and implementation, compliance audit and\nliability assessment, environmental site assessments, hydrogeology, oilfield\nwaste management as well as well site reclamation and spill remediation," said\nBrian Oshust, P.Eng., Vice President, Alberta, GENIVAR. "We will now be able\nto offer an expanded range of services in all areas of engineering and the oil\nand gas sector. WES also significantly expands client base," mentioned Mr.\nOshust.\n\n\n"We are very pleased to join forces with GENIVAR, primarily since the\nenvironmental sector plays a strategic role in all of the company's market\nsegments," said Wayne O. Wiebe, President of WES. "Another key factor in our\ndecision was GENIVAR's entrepreneurial business model, which focuses on\nflexibility and close client relations. Becoming an integral part of GENIVAR\nhas given us a new sense of momentum. We will also be able to work on larger\nand more complex projects thanks to GENIVAR's scope of operations,\nmultidisciplinary pool of skilled professionals and financial capacity."\n\n\n"Our teams share the same core values of serv...