Press Releases

  • Tuesday, March 2, 2010
    GENIVAR Income Fund continues to grow in Ontario by acquiring a multidisciplinary firm

    - GENIVAR tops the milestone of more than 1,000 employees in Ontario

    MONTREAL, March 2 - The GENIVAR Income Fund ("GENIVAR"), a Canadian consulting engineering leader, is pleased to announce the acquisition of The Thompson Rosemount Group Inc. ("Thompson Rosemount"), an Ontario-based firm with more than 100 employees in Cornwall, Ottawa, Guelph and Kingston. As a result of this acquisition, GENIVAR's Ontario workforce has now topped the milestone of 1,000 employees.

    "We are very pleased to welcome Thompson Rosemount as a member of the GENIVAR team. This acquisition will allow us to continue growing in Ontario by establishing a presence in Cornwall and Guelph and strengthening our operations in Ottawa and Kingston," said Pierre Shoiry, GENIVAR's President and Chief Executive Officer. "Thompson Rosemount is a major supplier of engineering services in the healthcare, educational, institutional, municipal infrastructure and transportation sectors in Eastern Ontario," he added.

    "This acquisition is a strategic move for GENIVAR. Indeed, we have reached another stage of our growth in Ontario by topping the milestone of 1,000 employees working in a wide range of expertise in engineering," said Marc Rivard, GENIVAR's Chief Operating Officer. "GENIVAR ranks among the leading firms in Ontario and we plan to pursue our expansion," he added. "Thompson Rosemount will expand our client base, particularly in the municipal infrastructure, transportation and building sectors. It also has a large project portfolio in the healthcare, educational and institutional sectors. The firm has gained recognition for its water and wastewater treatment projects on behalf of many municipalities in Eastern Ontario."

    "Our team is very pleased to be joining forces with GENIVAR, not only because of the many business opportunities that are sure to arise, but also because of our companies' shared affinities. The merger also provides us with fresh impetus and will enable us to develop more extensively within GENIVAR," said Mark Smelko, President of The Thompson Rosemount Group Inc. "We will be able to develop our potential while working on larger-scale projects thanks to GENIVAR's capacity and range of expertise. We are also positioned to bring our public and private-sector clients the benefits of a broader and deeper range of engineering services. Consequently, our future prospects are excellent in all of our operating sectors. As regards the development of our team and our clientele, it's a win-win situation from all perspectives," he concluded.

    About The Thompson Rosemount Group Inc.

    Thompson Rosemount's roots date back to 1956. With offices in Cornwall, Ottawa, Kingston and Guelph, the firm has over 100 employees and offers multidisciplinary services in the areas of building engineering, municipal infrastructure, transportation and architecture. The firm's clients include various municipalities in Eastern Ontario, The Federal Bridge Corporation Limited, Seaway International Bridge Corporation, Upper Canada District School Board, Catholic District School Board of Eastern Ontario, St. Lawrence College, Mohawk Council of Akwesasne, Correctional Services Canada, The Ottawa Hospital, DMS Property Management and Ontario Power Generation.

    About GENIVAR

    GENIVAR is a leading Canadian consulting engineering firm providing private and public-sector clients with a comprehensive range of professional services covering all project phases, including planning, design, construction and maintenance. GENIVAR's clients range in size and scope and primarily operate in the building, industrial, power, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest consulting engineering firms in terms of number of employees, with over 4,000 managers, professionals, technicians, technologists and support staff in more than 70 cities in Canada and abroad. www.genivar.com

    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; Marc Rivard, Eng., P.Eng., Chief Operating Officer, GENIVAR Income Fund, (613) 829-2800; Mark Smelko, P.Eng., President, The Thompson Rosemount Group Inc., (613) 933-5603, ext. 236