Business
GENIVAR Income Fund continues to grow in Ontario by acquiring a multidisciplinary firm
GENIVAR Income Fund continues to grow in Ontario by acquiring a multidisciplinary firm
About this update from Wsp Global Inc
[{"type":"text","content":"\n\n\n\nMONTREAL, Mar. 2, 2010 (Canada NewsWire Group) -- /CNW Telbec/ -- The GENIVAR Income Fund (\"GENIVAR\"), a Canadian consulting engineering leader, is pleased to announce the acquisition of The Thompson Rosemount Group Inc. (\"Thompson Rosemount\"), an Ontario-based firm with more than 100 employees in Cornwall, Ottawa, Guelph and Kingston. As a result of this acquisition, GENIVAR's Ontario workforce has now topped the milestone of 1,000 employees.\"We are very pleased to welcome Thompson Rosemount as a member of the GENIVAR team. This acquisition will allow us to continue growing in Ontario by establishing a presence in Cornwall and Guelph and strengthening our operations in Ottawa and Kingston,\" said Pierre Shoiry, GENIVAR's President and Chief Executive Officer. \"Thompson Rosemount is a major supplier of engineering services in the healthcare, educational, institutional, municipal infrastructure and transportation sectors in Eastern Ontario,\" he added.\"This acquisition is a strategic move for GENIVAR. Indeed, we have reached another stage of our growth in Ontario by topping the milestone of 1,000 employees working in a wide range of expertise in engineering,\" said Marc Rivard, GENIVAR's Chief Operating Officer. \"GENIVAR ranks among the leading firms in Ontario and we plan to pursue our expansion,\" he added. \"Thompson Rosemount will expand our client base, particularly in the municipal infrastructure, transportation and building sectors. It also has a large project portfolio in the healthcare, educational and institutional sectors. The firm has gained recognition for its water and wastewater treatment projects on behalf of many municipalities in Eastern Ontario.\"\"Our team is very pleased to be joining forces with GENIVAR, not only because of the many business opportunities that are sure to arise, but also because of our companies' shared affinities. The merger also provides us with fresh impetus and will enable us to develop more extensively within GENIVAR,\" said Mark Smelko, President of The Thompson Rosemount Group Inc. \"We will be able to develop our potential while working on larger-scale projects thanks to GENIVAR's capacity and range of expertise. We are also positioned to bring our public and private-sector clients the benefits of a broader and deeper range of engineering services. Consequently, our f...