Press Releases

  • Monday, March 2, 2009
    GENIVAR Income Fund Acquires Wiebe Environmental Services Inc., an Alberta Based Firm and Pursues its Expansion in Western Canada

    MONTREAL, March 2 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Wiebe Environmental Services Inc. ("WES"), a firm specializing in environmental services. WES has 40 employees at its Calgary, Edmonton and Grande Prairie offices, Alberta. GENIVAR has more than 550 employees in Western Canada, including 310 in Alberta.

    "We are very pleased to welcome WES into GENIVAR's team," said Pierre Shoiry, GENIVAR's President and CEO. "The environment is a strategic sector for GENIVAR in the development and delivery of projects in all of our market segments. Thanks to our multidisciplinary team of experts and scientists, we are among the leading companies in the environmental sector. This acquisition complements our services in Alberta where we are now better positioned to support our clients and to move their projects forward in assisting them in meeting increasingly stringent environmental standards and permit regulations which have become an integral part of the business process," added Mr. Shoiry.

    "WES provides us with solid and complementary expertise, including in the areas of environmental program design and implementation, compliance audit and liability assessment, environmental site assessments, hydrogeology, oilfield waste management as well as well site reclamation and spill remediation," said Brian Oshust, P.Eng., Vice President, Alberta, GENIVAR. "We will now be able to offer an expanded range of services in all areas of engineering and the oil and gas sector. WES also significantly expands client base," mentioned Mr. Oshust.

    "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 Wayne O. Wiebe, President of WES. "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. We will also be able to work on larger and more complex projects thanks to GENIVAR's scope of operations, multidisciplinary pool of skilled professionals and financial capacity."

    "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. Wiebe. "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 Wiebe Environmental Services Inc.

    WES was founded in 1994 and has a staff of 40 employees in its Calgary, Edmonton and Grande Prairie offices, Alberta. The firm provides extensive range of services in environmental management services, from program design and liability assessments to well site reclamation and spill remediation. WES has a longstanding client base in Western Canada, including companies in the oil and gas market.

    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 3,500 managers, professionals, technicians and technologists and support staff in more than 85 offices 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;

    Brian Oshust, P.Eng.,
    Vice President,
    Alberta,
    GENIVAR,
    (403) 342-7650;

    Wayne O. Wiebe,
    C.E.T.,
    President,
    Wiebe Environmental Services Inc.,
    (403) 271-4442 ext. 222