Press Releases

  • Thursday, September 2, 2010
    GENIVAR Income Fund Acquires Pryde Schropp McComb Inc., an engineering firm specializing in the aviation industry

    MONTREAL, Sept. 2 - The GENIVAR Income Fund ("GENIVAR"), a leading Canadian engineering firm, is pleased to announce the acquisition of Pryde Schropp McComb Inc. ("PSMI"), an Ontario-based firm specializing in engineering, project management, planning and software solutions for the aviation industry. PSMI has a staff of over 40 employees based in offices in Ontario and Alberta and provides services to airports across Canada and internationally.

    "I would like to warmly welcome PSMI's staff into our team. PSMI has world-class expertise in the areas of engineering, project management and software solutions for the aviation industry", said Pierre Shoiry, GENIVAR's President and CEO. "PSMI will become GENIVAR's centre of excellence for the aviation industry. Its solid skills encompass all aspects of local, national and international airport operations and infrastructure (airside as well as landside), in addition to airport modelling and visualizations, noise studies and aviation planning and regulation. It has also developed and supports leading airport landing fee and revenue/lease management software (known as ALFA) and airport vicinity land use analysis and management software (AvGIS). PSMI will allow us to expand our client base in Canada as well as internationally. We expect to identify various attractive business opportunities stemming from our building engineering, transportation and environmental services, which are sure to meet the needs of PSMI's clients. GENIVAR is now positioned as a strategic partner of choice for aviation sector clients", he added.

    "Our team is very pleased to be joining forces with GENIVAR, not only because of the many business opportunities that will be opening up, but also because of our firms' shared affinities. Among other things, this acquisition will ensure the continuity of our operations while providing us with renewed impetus to pursue our growth within GENIVAR", said Brad R. Pryde, P.Eng. PSMI's President. "Given GENIVAR's vast pool of resources, size and capacity, we will be able to develop our potential further by working on larger-scale projects. Leveraging our combined expertise, we will focus on providing comprehensive value-added multidisciplinary services to our regional, national and international clients through GENIVAR's network", he said. "In addition to reinforcing our position as a strategic partner for our clients, we will continue to provide top-of-the-line engineering, planning and project management services, as well as developing additional software solutions. We will thus be able to offer our public and private-sector clients a broader and deeper range of services. The future looks bright, with an excellent outlook in all of our market segments. This is a win-win situation from all perspectives, not only in terms of developing our team, but also in terms of serving our clients", he added.

     

    About Pryde, Schropp, McComb Inc.

     

    Founded in 2001 by Brad R. Pryde, P.Eng., Bernhard Schropp, P.Eng. and the late Rick McComb, P.Eng., PSMI has more than 40 employees, including licensed professional engineers, airport planners, design/GIS technologists, computer-assisted drafting technicians, programmers, surveyors and administrative support staff. A number of employees are active licensed pilots. The firm specializes in engineering, project management, planning and software solutions for the aviation industry. It has offices in Port Elgin, Ottawa, Toronto and Kitchener, Ontario as well as Calgary, Alberta. It carries out projects across Canada and internationally, including the US, Europe, the Middle East and the Caribbean. PSMI's clients include airports, airlines, provincial and federal governments, municipalities and developers.

     

    About GENIVAR

     

    GENIVAR is a leading Canadian engineering services firm providing private and public-sector clients with a full range of professional consulting services through all project phases, including planning, design, construction and maintenance. Ranging in size, its clients operate in various market segments, including the buildings, industrial, power, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of the largest engineering services firms in Canada in terms of number of employees, with more than 4,500 managers, professionals, technicians and technologists and support staff in over 85 locations across the country and abroad. www.genivar.com

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

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

    Brad R. Pryde, P.Eng.,
    President, Pryde, Schropp,
    McComb Inc.,
    Phone: 519-389-4343, ext. 223