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Enviro-Serv, Inc. (OTC: EVSV) Enters Strategic Joint Venture with Group CMR to Launch Multi-Project Construction Partnership
Enviro-Serv, Inc. (OTC: EVSV) Enters Strategic Joint Venture with Group CMR to Launch Multi-Project Construction Partnership.
About this update from Enviro-serv, Inc.
Enviro-Serv, Inc. (OTC: EVSV) Enters Strategic Joint Venture with Group CMR to Launch Multi-Project Construction Partnership Enviro-Serv, Inc. (OTC: EVSV) Enters Strategic Joint Venture with Group CMR to Launch Multi-Project Construction Partnership TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Enviro-Serv, Inc. (OTC: EVSV), a diversified North American holding company specializing in real estate development, rental management, and sustainable investments, is pleased to announce it has entered into a Joint Venture Agreement with Group CMR, a premier Quebec-based construction and project management firm. This strategic partnership signals Enviro-Serv’s expansion into Canada’s booming construction and infrastructure market. Under the terms of the joint venture, Enviro-Serv will invest up to 25% of project capital in up to five (5) initial construction developments across Canada. Group CMR will be responsible for full-cycle project execution, including design coordination, construction management, and operational oversight. “Our partnership with Group CMR accelerates EVSV’s entry into the Canadian construction sector and aligns with our long-term strategy to grow a portfolio of high-yield, asset-backed investments,” said Reno Calabrigo, CEO of Enviro-Serv, Inc. “By collaborating with a proven firm like Group CMR, we can participate in profitable, high-margin projects while minimizing operational exposure and maximizing capital efficiency.” Capital-Efficient Growth in a Booming Market Canada’s construction industry remains a fundamental pillar of its national economy. According to Statista, the Canadian construction market is projected to surpass CAD $430 billion by 2028, growing at a CAGR of 3.5% between 2024 and 2028.¹ This growth is driven by rising housing demand, public infrastructure initiatives, and a push for greener, more sustainable buildings. In 2023, the Canadian construction sector employed over 1.4 million workers, contributing more than 7% of national GDP.² Each JV project is expected to vary in size and cost, with Enviro-Serv capping its maximum investment at $250,000 per project. In exchange for its capital participation—up to 25% per project—EVSV will receive: A gross profit share of up to 15%, proportionate to its capital contribution Full repayment of invested capi...