Press Releases

  • Friday, August 1, 2008
    GENIVAR Income Fund Acquires Zenix, an Ontario Engineering Firm

    MONTREAL, Aug. 1 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Zenix Engineering Ltd., ("Zenix"), an Ottawa-based firm specialising in building services such as envelope design and roofing, fire and life safety, code review, security, interior design and architecture, as well as mechanical-electrical and structural design. With this acquisition, GENIVAR now has over 550 employees in its Ontario offices.

    "I am very pleased to welcome Zenix onto GENIVAR's team," said Pierre Shoiry, President and CEO of GENIVAR. "By acquiring Zenix, we are not only able to expand our expertise in the building market in Ontario; we are able to add new expertise such as fire and life safety, code review and interior design, among others," said Mr. Shoiry.

    Founded in 1995 by Leo McCuaig, Chris Holtshousen, and Francois Lemay, Zenix has 54 employees at its office in Ottawa. Zenix serves major clients including: Shoppers Drug Mart, Bank of Canada, Federal Government, City of Ottawa, NAV CANADA, Morguard, and the RCMP.

    "The acquisition of Zenix is strategic," said Marc Rivard, P.Eng, Executive Vice President, Canadian Operations. "Their integrated team approach and focus on building science and asset management will prove to be a tremendous benefit to the Sustainable Design Group of GENIVAR," continued Mr. Rivard. "The sustainable design market is very active right now and Zenix will provide a significant boost as we reinforce our existing LEED services across Canada," concluded Mr. Rivard.

    "Joining GENIVAR enables us to work on more significant and complex projects," commented Chris Holtshousen, Principal of Zenix. "GENIVAR's dynamic and entrepreneurial culture, along with its decentralised business model which emphasises a local approach, and, access to its Canadian network made the merger a very attractive proposition for us," explained Mr. Holtshousen. "As a part of GENIVAR, we foresee many opportunities for developing our team and clientele," he added.

    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 with more than 3,100 managers, professionals, technicians and technologists and support staff in more than 75 offices in Canada and internationally. www.genivar.com

    Pierre Shoiry,
    President and Chief Executive Officer,
    GENIVAR Income Fund,
    (514) 340-0046, ext. 5104;

    Marlène Casciaro,
    Director of Communications,
    GENIVAR Income Fund,
    (514) 340-0046, ext. 5184;

    Marc Rivard,
    P.Eng, Executive Vice President,
    Canadian Operations GENIVAR Income Fund,
    (613) 829-2800;

    Chris Holtshousen, P.Eng.,
    Zenix Associates Ltd.,
    (613) 729-2818