Business
GENIVAR Income Fund increases its presence in Ontario by acquiring a firm based in Sault Ste.Marie
MONTREAL, July 6 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acqu...
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[{"type":"text","content":"\n\n\n\nMONTREAL, July 6 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is\npleased to announce the acquisition of WM. R. Walker Engineering Inc. (Walker\nEngineering), a multidisciplinary engineering firm based in Sault Ste.Marie,\nOntario.\n\n\n"We are very pleased to welcome Walker Engineering into GENIVAR. The firm\nis specialized in municipal infrastructure, transportation, energy and\nbuilding engineering," said Pierre Shoiry, President and Chief Executive\nOfficer of GENIVAR. "This acquisition represents a step forward to increase\nour northern platform in Ontario and to further develop our services in all of\nour market segments. Northern Ontario is a dynamic region, rich in\nopportunities in all our market segments, including the municipal\ninfrastructure, environment, transportation, buildings and energy sectors,"\nadded Pierre Shoiry.\n\n\n"With Walker Engineering on board, GENIVAR will be in a better position\nto serve our northern Ontario clients and we intend to keep expanding our team\nin all of our markets. This firm has established a solid client relationships,\nincluding municipalities, the provincial and federal government and the\nprivate sector," said Marz Kord, Vice-President for Northern Ontario, GENIVAR.\n\n\n"I am very pleased with this merger which will ensure the continuity of\nour firm and the pursuit of it's development within GENIVAR. It's a winning\nsituation from every angle, for the development of both our team and our\nclientele," mentioned Doug Leask, President of Walker Engineering. "Our\ndecision was motivated namely by the fact that GENIVAR's business model\nfocusses on regional development. We foresee a future, full of opportunities\nfor developing our team and our clientele," concluded Mr. Leask.\n\n\nAbout WM. R. Walker Engineering Inc.\n\n\nWalker Engineering was founded in 1981. The firm has 15 employees in its\noffice in Sault Ste. Marie. Its services cover municipal, transportation,\nenergy and building engineering. Its clientele includes a number of\nmunicipalities, provincial and federal government, as well as private\ndevelopers and First Nations.\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 servic...