Press Releases

  • Wednesday, May 20, 2009
    GENIVAR Income Fund Acquires Jagger Hims Limited an Ontario-Based Firm Specialized in Earth and Environmental Sciences

    MONTREAL, May 20 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Jagger Hims Limited ("Jagger Hims"), a firm specializing in earth sciences and environmental engineering. Jagger Hims has 90 employees in 7 offices in Ontario. GENIVAR's workforce in Ontario numbers 700 employees.

    "We are very pleased that Jagger Hims has joined forces with the GENIVAR team," said Pierre Shoiry, GENIVAR's President and CEO. "Jagger Hims significantly enhances our environmental and earth sciences capabilities. The firm provides services in waste management, water resource management, industrial minerals and aggregate resources, waste water management, geo-environmental engineering, environmental property assessments and remediation, biosolids management and biology. Environmental services are a strategic component of project development and execution. Thanks to our team of multidisciplinary experts, we are better positioned to support our clients and to move their projects forward in a context in which constantly changing environmental standards and permit regulations have become an integral part of the business process," added Mr. Shoiry. "This acquisition also expands our Ontario platform thanks to Jagger Hims strong local presence, with 7 offices in Ontario, including in Newmarket, St. Catharines, Windsor, Peterborough, Collingwood, Brantford and London. Jagger Hims has established a solid network by forging long-term client relationship, and that ties in well with GENIVAR's business model," concluded Mr. Shoiry.

    "We are very pleased to join forces with GENIVAR, primarily since the environmental sector plays a strategic role in all of the company's market segments," said Jason Balsdon, President of Jagger Hims Limited. "Having been involved in numerous Ontario's environmental studies and projects, we can now expand our business opportunities and carry out larger and more complex projects thanks to GENIVAR's scale of operations, diversified skills base and financial resources. Another key factor in our decision was GENIVAR's entrepreneurial business model, which focuses on flexibility and close client relations. Becoming an integral part of GENIVAR has given us a new sense of momentum."

    "Our teams share the same core values of service quality and professionalism. This is a win-win situation for our employees as well as for our clients," added Mr. Balsdon. "We will also be able to meet the growing needs of our clients, while our employees will have access to new and exciting career opportunities throughout GENIVAR's network."

    About Jagger Hims Limited

    Jagger Hims Limited was founded in 1987 and provides environmental consulting services in engineering and earth sciences. The firm has 7 offices in Ontario, including in Newmarket, St. Catharines, Windsor, Peterborough, Collingwood, Brantford and London. The firm provides consulting services to municipalities, provincial government and private sector clients.

    GENIVAR

    GENIVAR is a leading Canadian engineering services firm providing private and public-sector clients with a comprehensive range of professional consulting services throughout all project phases, including planning, design, construction and maintenance. Ranging in size and scope, GENIVAR's clients primarily operate in the building, industrial, power, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest engineering services firms based on 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. www.genivar.com.

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

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

    Jason Balsdon, P.Eng.,
    President,
    Jagger Hims Limited,
    (905) 853-3303