Business
GENIVAR Income Fund increases its presence in Ontario by way of the Timmins acquisition
MONTREAL, Nov. 15 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acq...
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[{"type":"text","content":"\n\n\n\nMONTREAL, Nov. 15 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is\npleased to announce the acquisition of B.H. Martin Consultants Ltd. (BHMC), a\nmultidisciplinary engineering and architectural consulting firm based in\nTimmins, Ontario.\n\n\n"We are very happy to welcome BHMC into GENIVAR. The firm is active in\nbuilding engineering, municipal infrastructure, environment and serves the\nmining industry," said Pierre Shoiry, President and Chief Executive Officer of\nGENIVAR. "This acquisition enables us to establish our growth platform in\nNorthern Ontario and to develop our services in all of our market segments.\nNorthern Ontario is a flourishing, dynamic region, rich in opportunities in\nall our market segments, including the mining, municipal infrastructure,\nenvironment, transportation, buildings and power sectors, and we expect to\ntake part in these many projects in the coming years," added Pierre Shoiry.\n\n\n"We are very proud to be joining GENIVAR, and this merger gives us an\nopportunity to grow. This puts us in a better position to develop our\npotential and to work on larger and more complex projects, given the scale and\ncapacity of GENIVAR and its range of multidisciplinary expertise," added\nMarz Kord, P.Eng., M.Sc., MBA, who becomes GENIVAR's Vice-President for\nNorthern Ontario. "It's a winning situation from every angle, for the\ndevelopment of both our team and our clientele. GENIVAR's business model, with\nits focus on the entrepreneurial spirit, is a perfect fit with our business\nphilosophy. We share the same values, quality service and professionalism. We\nforesee a future, full of opportunities for developing our team and our\nclientele," added Kord.\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. Our decision was\nmotivated namely by the fact that GENIVAR's business model focusses on\nregional development," said Barry H. Martin, Arch., P.Eng., MRAIC, founder of\nBHMC. Mr. Martin will stay on with GENIVAR in order to further develop\nbusiness and offer services to the firm's clientele.\n\n\nAbout B. H. Martin Consultants Ltd.\n\n\nBHMC was founded in 1973 by Barry H. Martin, Arch., P.Eng., MRAIC. More\nthan 35 people work at the firm's office in Timmins...