Press Releases

  • Tuesday, September 8, 2009
    GENIVAR Income Fund acquires a Quebec-based building engineering firm

    MONTREAL, Sept. 8 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of 3477592 Canada Inc., doing business under the name Progemes Consultants (Progemes), a building engineering firm based in Longueuil, Quebec.

    "I am very happy that Progemes has joined forces with GENIVAR," said François Perreault, GENIVAR's Vice-President for Western Quebec. "Thanks to its full range of mechanical and electrical building engineering services, the firm will strengthen GENIVAR's current team in this discipline, including our green building centre of excellence. In addition to developing building sustainable development skills, Progemes has designed a number of buildings that require less energy and natural resources to operate, thereby reducing greenhouse gas emissions. These include Logistik Unicorp Inc.'s plant in Saint-Jean-sur-Richelieu, which is in the process of receiving LEED Gold certification, along with various buildings in the education sector designed for optimal energy performance and user comfort via the integration of geothermal and solar technology."

    "We are very happy to be part of GENIVAR, one of the most dynamic engineering firms in Canada," said Réal Thériault, President of Progemes. "Our new operating structure will give our expansion fresh momentum, while joining a multidisciplinary firm will allow us to broaden our client service offer. We will also be positioned to further develop our skills, particularly as regards sustainable engineering solutions, to which both firms assign great importance. Our prospects are bright, not only in terms of team development opportunities, but also in terms of expanding our client base."

    About Progemes

    Founded in 1998, Progemes has a workforce of 20 employees at its Longueuil office and provides a full range of mechanical and electrical building engineering services. Its main clients operate in both the public and private sectors and include Montoni Group, McDonald's Restaurants of Canada, Gaz Metro, the Quebec Real Estate Corporation (SIQ) and Jean Coutu Pharmacies, in addition to various school boards and hospitals.

    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 project phases, including planning, design, construction and maintenance. Clients operate in various market segments, including buildings, industrial and power, municipal infrastructure, transportation and the environment. GENIVAR is one of the largest engineering services firms in Canada with more than 3,800 managers, professionals, technicians and technologists and support staff at more than 70 locations in Canada and abroad. www.genivar.com

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

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

    M. Réal Thériault,
    Eng., President,
    Progemes Consultants Inc.,
    (450) 448-5000, ext. 226