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GENIVAR Income Fund Acquires Zenix, an Ontario Engineering Firm
MONTREAL, Aug. 1 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the ac...
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[{"type":"text","content":"\n\n\n\nMONTREAL, Aug. 1 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is\npleased to announce the acquisition of Zenix Engineering Ltd., ("Zenix"), an\nOttawa-based firm specialising in building services such as envelope design\nand roofing, fire and life safety, code review, security, interior design and\narchitecture, as well as mechanical-electrical and structural design. With\nthis acquisition, GENIVAR now has over 550 employees in its Ontario offices.\n\n\n"I am very pleased to welcome Zenix onto GENIVAR's team," said Pierre\nShoiry, President and CEO of GENIVAR. "By acquiring Zenix, we are not only\nable to expand our expertise in the building market in Ontario; we are able to\nadd new expertise such as fire and life safety, code review and interior\ndesign, among others," said Mr. Shoiry.\n\n\nFounded in 1995 by Leo McCuaig, Chris Holtshousen, and Francois Lemay,\nZenix has 54 employees at its office in Ottawa. Zenix serves major clients\nincluding: Shoppers Drug Mart, Bank of Canada, Federal Government, City of\nOttawa, NAV CANADA, Morguard, and the RCMP.\n\n\n"The acquisition of Zenix is strategic," said Marc Rivard, P.Eng,\nExecutive Vice President, Canadian Operations. "Their integrated team approach\nand focus on building science and asset management will prove to be a\ntremendous benefit to the Sustainable Design Group of GENIVAR," continued\nMr. Rivard. "The sustainable design market is very active right now and Zenix\nwill provide a significant boost as we reinforce our existing LEED services\nacross Canada," concluded Mr. Rivard.\n\n\n"Joining GENIVAR enables us to work on more significant and complex\nprojects," commented Chris Holtshousen, Principal of Zenix. "GENIVAR's dynamic\nand entrepreneurial culture, along with its decentralised business model which\nemphasises a local approach, and, access to its Canadian network made the\nmerger a very attractive proposition for us," explained Mr. Holtshousen. "As a\npart of GENIVAR, we foresee many opportunities for developing our team and\nclientele," he added.\n\n\nAbout GENIVAR\n\n\nGENIVAR is a leading Canadian Engineering Services firm providing private\nand public sector clients with a comprehensive range of professional\nconsulting services through all exec...