May 4 2010
The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of two building engineering consulting firms: Edmonton-based Beaubien Glover Maskell Engineering North Inc. ("BGME North") and Red Deer-based Bearden Engineering Consultants Ltd. ("Bearden Engineering").
The firms have a combined total of 50 employees. GENIVAR now has a workforce of over 400 employees in Alberta.
"We are very pleased to welcome BGME North and Bearden Engineering within GENIVAR," said Pierre Shoiry, President and CEO. "Both firms will enable us to establish our growth platform as we expand our building design and engineering services in Alberta. They will also contribute to our development in the province with a view to becoming a leader in all our market segments," he added. BGME North is active in electrical engineering, as well as in lighting, security, fire alarms and digital communications; Bearden Engineering provides comprehensive structural engineering and architectural design services.
"BGME North and Bearden Engineering provide us with widely recognized expertise in building design and engineering, including the structural and electrical disciplines as well as building sciences. These firms have solid skills in designing green buildings, which will allow our clients to reduce their energy costs and carbon footprints," said Brian Oshust, GENIVAR's Vice-President for Alberta. "We will be able to offer an expanded range of consulting services in all areas of engineering, including municipal infrastructure, transportation, environmental and energy, as well as in-depth architectural expertise. Both firms also significantly expand our private and public client base," he added.
"This is an exciting time for BGME North. Our clients will have access to a broader range of services while continuing to benefit from our employees' personalized attention," said Paul Beaubien, Principal, BGME North. "Over the years, we have developed solid electrical engineering and sustainable design expertise. By teaming up with our new colleagues, we will be better positioned to develop new opportunities and to undertake national and international projects within GENIVAR's network," mentioned Mr. Beaubien. "We appreciate GENIVAR's dynamic approach and look forward to a future filled with opportunities to develop our team and our clientele," he added.
"By joining forces with GENIVAR, we will gain access to a broader range of projects while promoting our services within GENIVAR's internal network. We will also be able to meet the growing needs of our clients, who are requiring an ever-wider range of design and engineering services," said Terry Bearden, Principal of Bearden Engineering. "GENIVAR's entrepreneurial culture meshes perfectly with our respective business approaches, and our employees will be able to further develop their skills while enjoying greater career opportunities," he added.
Source: http://www.genivar.com/