Press Releases

  • Thursday, June 26, 2008
    GENIVAR Income Fund Acquires Peterson Galloway, a British Columbia-Based Firm, and Further Strengthens its Building Group

    MONTREAL, June 26 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of Peterson Galloway Ltd. (Peterson Galloway), based in Victoria, British Columbia.

    "I am very pleased to welcome Peterson Galloway into GENIVAR's team," said Pierre Shoiry, GENIVAR's President and CEO. "Peterson Galloway provides comprehensive structural engineering design and consulting services and has developed cutting-edge solutions in the areas of green buildings and seismic design. The firm also complements our British Columbia building engineering team. It has a solid client base and is an important provider of engineering services to educational, institutional, governmental and commercial clients throughout the province," he added. "This acquisition represents another step forward in expanding our national platform in the building sector, including our green building centre of excellence. Moreover, it enhances our operations on Vancouver Island."

    "These are exciting times for GENIVAR. Indeed, we are on our way to becoming one of B.C.'s most prominent multidisciplinary engineering firms," said J. Rob Harmer, GENIVAR's Vice-President for Western Canada. "Peterson Galloway is committed to environmentally sensitive and sustainable engineering projects and is continuously advancing its structural designs," he added. "Over the past 25 years, Peterson Galloway has completed a large number of significant buildings in British Columbia and has a reputation for innovation and the application of leading-edge technologies. The firm has been a leader in sustainable design practices and has completed numerous LEED Gold projects, including the Vancouver Island Technology Park - the first project in Canada to be certified LEED Gold by the U.S. Green Building Council," concluded Mr. Harmer.

    "We are very pleased to be joining one of Canada's most dynamic engineering consulting companies," said Chris Peterson, Peterson Galloway's President. "This move puts us in a better position to offer additional services to our client base. It gives us access to extensive financial resources together with an impressive network of professionals across Canada. GENIVAR's business approach, which promotes the establishment of specialised local offices, will allow us to continue providing responsive client services while creating opportunities for growth. Jim Galloway and I look forward to developing our GENIVAR team and enhancing our client base," added Mr. Peterson.

    The effective date of the transaction will be June 30, 2008 and is subject to customary conditions.

    About Peterson Galloway Ltd.

    Peterson Galloway Ltd. was founded in 1999, bringing together the resources of three long-standing Victoria-based structural consulting practices. The firm has 16 employees and provides comprehensive structural engineering services from concept to commissioning. It has developed extensive experience in heritage buildings and seismic upgrades and design, as well as in green building initiatives. Peterson Galloway's clients include the University of Victoria, Royal Roads University, various School Districts, the Provincial Government, Public Works and Government Services Canada, the Department of National Defence, as well as many clients in the commercial, residential, healthcare and recreation sectors.

    About GENIVAR

    GENIVAR is a leading Canadian engineering company providing private and public-sector clients with a comprehensive range of consulting services through all project phases, from planning and design to construction and maintenance. Its clients operate in a wide range of market segments, including the building, industrial, power, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest engineering services companies in terms of number of employees with 3,000 managers, professionals, technicians, technologists and support staff at more than 60 offices in Canada and abroad (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;
     
    J. Rob Harmer, MBA,
    Vice-President, Western Canada,
    GENIVAR Income Fund,
    (604) 736-5421;

    Chris Peterson, P. Eng.,
    President,
    Peterson Galloway Ltd.,
    (250) 388-5312