Press Releases

  • Wednesday, September 26, 2007
    The GENIVAR Income Fund Acquires Two Quebec City-based Engineering Consulting Firms

    QUEBEC CITY, Sept. 26 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of two Quebec City-based firms:- André Simard et associés ltée ("ASA"), specializing in landfill site design, environment and municipal infrastructure.

    • TERRA experts conseils inc. ("TERRA"), specializing in municipal infrastructure.GENIVAR has a staff of more than 2,100 employees in Canada and overseas, including nearly 450 employees in the Quebec City region.

    "Joining forces with ASA and TERRA will enable us to consolidate our expertise in municipal infrastructure and environment. It also reaffirms GENIVAR's status as one of the Canadian leaders in this sector. There is a very important need for municipal infrastructure renewal and development across Canada in areas such as drinking water treatment and distribution, wastewater treatment and waste management," said Pierre Shoiry, GENIVAR's President and Chief Executive Officer. "Cities and municipalities are investing massively in infrastructure renewal and development projects. That is why we will continue to take part in these projects in the future. The addition of these two companies will broaden our client base," said Pierre Shoiry.

    Centre of excellence in landfill site design

    ASA has developed world-class expertise in the area of landfill site design and management. The firm's experts have worked on the vast majority of technical landfill projects in the province of Quebec. In addition, ASA's bioreactor approach has fostered the development of advanced waste treatment technology. "We will be expanding our service offer by tapping into ASA's expertise in landfill site design and biogas recovery," added Mr. Shoiry. "GENIVAR's Quebec City office is becoming a centre of excellence in these highly specialized areas and will continue to develop its expertise in association with our Canada-wide network of offices. As it leverages these key assets, GENIVAR will be looking to play a strategic partnership role alongside companies operating in the waste collection and management sector, in addition to urban and municipal waste management. GENIVAR is positioned to provide a comprehensive range of services in support of our clients' operations and project development, in Canada and at the international level."

    "GENIVAR is very pleased to welcome ASA's 35 employees and TERRA's 5 employees. We are sure to benefit from their specialized municipal infrastructure and environmental know-how. We will also gain unique expertise in the areas of landfill site construction and biogas recovery and utilization," said Eric Tremblay, GENIVAR's Vice-President for Eastern Quebec. "ASA oversaw a one-of-a-kind project aimed at reducing greenhouse gas (GHG) emissions at Quebec City's landfill site. This was the largest pilot project of its kind in Canada, and it helped to cut GHG emissions by 150,000 tons from 2004 to 2007. An agreement has already been signed with 22 other landfill sites in Quebec. The development of this technology gives our company a head start in connection with the proposal to establish a carbon trading market in Canada for CO2 credits," he added. "We will continue to develop these areas of expertise nationwide."

    "We are very proud to be joining forces with GENIVAR. This merger has given us a tremendous boost. Thanks to GENIVAR's national network, we will be able to realize our full potential, not only technically but also geographically, and thus will be able to serve our Canadian clients more effectively," said ASA President André Simard, Eng., M.Sc. "In addition, we will have access to a pool of multi-disciplinary skills, enabling us to undertake larger and more complex projects as a result of GENIVAR's scale of operations and solid financial position. Moreover, GENIVAR's entrepreneurial business model aligns perfectly with our own philosophy. We subscribe to the same core values, including service quality and professionalism. We are thus excited about the future development prospects for our team and our clientele," he added.

    For TERRA, the merger also offers a number of significant benefits. "Joining forces with a larger organization will facilitate our development and open up an array of career opportunities. This means even bigger challenges for our employees," said TERRA President Anne Chevrier, Eng.

    ASA projects

    ASA's experts have worked on the vast majority of the technical landfill projects in Quebec. Operating at more than 25 locations around the province, the firm has designed 15 landfill sites in accordance with new government standards, including Canada's largest site north of Montreal. The firm has also carried out a large number of municipal infrastructure initiatives, including urban rehabilitation, wastewater treatment and drinking water treatment projects. ASA's clients include Waste Management Inc., the City of Quebec, the City of Montreal and the City of Matane, in addition to several inter-municipal boards and regional county municipalities.

    TERRA projects

    TERRA has carried out a wide range of municipal engineering projects, including the reconstruction of Rue Sheppard for the City of Quebec; a new water supply system for the City of Lac Delage; and an innovative project involving a natural method for treating and disposing of pond sludge for the City of Warwick.

    About GENIVAR

    GENIVAR is a leading Canadian Engineering Services firm providing private and public sector clients with a comprehensive range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Clients fall into various market segments such as building, industrial and power, urban infrastructure, transportation and environment. GENIVAR is one of the largest Engineering Services firm in Canada in terms of number of employees with more than 2,100 managers, professionals, technicians and technologists and support staff in some 40 offices in Canada and internationally. www.genivar.com

    Pierre Shoiry,
    President and Chief Executive Officer,
    (514) 340-0046, ext. 5104;
     
    Marlène Casciaro,
    Director of Communications,
    (514) 340-0046, ext. 5184;

    André Simard, Eng.,
    MATDR,
    President,
    André Simard & Associates Ltd.,
    (418) 845-8885;

    Anne Chevrier,
    Eng.,
    President,
    TERRA Experts Conseils Inc.,
    (418) 623-2254