Business
New acquisitions in Quebec for GENIVAR Income Fund
MONTREAL, Nov. 7 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the ac...
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[{"type":"text","content":"\n\n\n\nMONTREAL, Nov. 7 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is\npleased to announce the acquisition of three consulting engineering firms: Les\nConsultants GENIPLUS Inc. ("GENIPLUS"), Nageco Inc. ("Nageco") and Consumaj\nEstrie Inc. ("Consumaj Estrie"). GENIPLUS specializes in structural\nengineering and bridge infrastructure; Nageco works in municipal\ninfrastructure and structural engineering, while Consumaj Estrie specializes\nin municipal infrastructure, civil engineering and environment. GENIPLUS and\nNageco are based in Montreal, and Consumaj Estrie in Sherbrooke. The three\nfirms have a total of 25 employees.\n\n\n"GENIPLUS and Nageco have been working in partnership for several years\nand bring to GENIVAR their solid expertise in structural engineering and\nbridge infrastructure. These sectors will remain in great demand in the coming\nyears because of the continuing investment by various levels of government and\nmunicipalities," noted Pierre Shoiry, President and Chief Executive Officer of\nGENIVAR. "GENIPLUS has an impressive, 68-year history in consulting\nengineering. It has been involved in major projects in Montreal, including the\nMetropolitan Autoroute, the Place des Arts, the Complexe Desjardins, and more\nrecently, the Grande Bibliotheque," added Mr. Shoiry.\n\n\nThe two companies have a solid, loyal client base, in both the pubic and\nprivate sectors. Their major clients include several boroughs of the City of\nMontreal, the cities of Cherstey, Saint-Donat and Rawdon, the Montreal School\nCommission, the Quebec Ministry of Transportation, Hydro-Quebec, Place des\nArts, Industrial Alliance, the Mouvement des caisses Desjardins and several\noil companies.\n\n\nGENIVAR has also acquired Consumaj Estrie, a firm established in\nSherbrooke in 2004. "We are extremely happy to welcome Consumaj Estrie into\nGENIVAR. This acquisition will enable us to complete our network covering all\nof Quebec's regions," said Mr. Shoiry. "This new firm will allow us to gain a\nfoothold in the Eastern Townships and to develop our platform in this region\nto offer our full range of professional services in engineering and\nenvironment," concluded Mr. Shoiry.\n\n\nThe clients of Consumaj Estrie include the City of Sherbrooke, the\nTownship o...