Press Releases

  • Monday, July 6, 2009
    GENIVAR Income Fund increases its presence in Ontario by acquiring a firm based in Sault Ste.Marie

    MONTREAL, July 6 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of WM. R. Walker Engineering Inc. (Walker Engineering), a multidisciplinary engineering firm based in Sault Ste.Marie, Ontario.

    "We are very pleased to welcome Walker Engineering into GENIVAR. The firm is specialized in municipal infrastructure, transportation, energy and building engineering," said Pierre Shoiry, President and Chief Executive Officer of GENIVAR. "This acquisition represents a step forward to increase our northern platform in Ontario and to further develop our services in all of our market segments. Northern Ontario is a dynamic region, rich in opportunities in all our market segments, including the municipal infrastructure, environment, transportation, buildings and energy sectors," added Pierre Shoiry.

    "With Walker Engineering on board, GENIVAR will be in a better position to serve our northern Ontario clients and we intend to keep expanding our team in all of our markets. This firm has established a solid client relationships, including municipalities, the provincial and federal government and the private sector," said Marz Kord, Vice-President for Northern Ontario, GENIVAR.

    "I am very pleased with this merger which will ensure the continuity of our firm and the pursuit of it's development within GENIVAR. It's a winning situation from every angle, for the development of both our team and our clientele," mentioned Doug Leask, President of Walker Engineering. "Our decision was motivated namely by the fact that GENIVAR's business model focusses on regional development. We foresee a future, full of opportunities for developing our team and our clientele," concluded Mr. Leask.

    About WM. R. Walker Engineering Inc.

    Walker Engineering was founded in 1981. The firm has 15 employees in its office in Sault Ste. Marie. Its services cover municipal, transportation, energy and building engineering. Its clientele includes a number of municipalities, provincial and federal government, as well as private developers and First Nations.

    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, municipal infrastructure, transportation and environment. GENIVAR is one of the largest Engineering Services firm in Canada in terms of number of employees with more than 3,600 managers, professionals, technicians and technologists and support staff in more than 70 locations in Canada and internationally.

    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;

    Marz Kord, P.Eng., M.Sc., MBA,
    Northern Ontario,
    (705) 264-9413;

    Doug Leask, C.E.T.,
    WM. R. Walker Engineering Inc.,
    (705) 942-2070