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Press Releases

 
  • Wednesday, December 17, 2008 GENIVAR Income Fund Announces December Distribution and a One-time Special Distribution
    MONTREAL, Dec. 17 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from December 1 to December 31, 2008, will be paid on January 15, 2009 to unitholders of record at the close of business on December 31, 2008. Furthermore, the Fund is pleased to declare a one-time special cash distribution of $0.45 per Fund unit that will be paid on January 15, 2009 to unitholders of record at the close of business on December 31, 2008. This special distribution ensures that the Fund will not be ...
  • Friday, December 12, 2008 GENIVAR Income Fund Acquires Pomeroy Consulting Engineers, a British Columbia-Based Firm, and Further Strengthens its Building Group
    MONTREAL, Dec. 12 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Pomeroy Consulting Engineers Ltd. ("Pomeroy"), based in Vancouver, British Columbia. "I am very pleased to welcome Pomeroy into GENIVAR's team," said Pierre Shoiry, GENIVAR's President and CEO. "Pomeroy is one of BC's longest established structural engineering firms and provides full structural engineering design and consulting services. Pomeroy has a solid client base and is an important provider of engineering services to educational, healthcare and governmental clients throughout the Province," he added. "This acquisition represents another step forward in expanding our national platform in the building ...
  • Friday, December 5, 2008 GENIVAR Income Fund Acquires DDH Environnement Ltée
    MONTREAL, Dec. 5 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of DDH Environnement Ltée ("DDH Environnement"), a firm specializing in earth sciences and environmental engineering. DDH has 30 employees at its Montreal office. "We are very pleased to welcome DDH Environnement 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. We are now better ...
  • Wednesday, November 19, 2008 GENIVAR Income Fund announces November distribution
    MONTREAL, Nov. 19 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from November 1 to November 30, 2008, will be paid on December 15, 2008 to unitholders of record at the close of business on November 30, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Tuesday, November 11, 2008 GENIVAR Income Fund announces strong third quarter results
    MONTREAL, Nov. 11 - GENIVAR Income Fund (the "Fund") announced today its financial and operating results (unaudited) for the third quarter of 2008. These results cover the period from June 29, 2008, to September 27, 2008.Highlights For the third quarter of 2008, revenues were $104.7 million, up from $68.5 million for the same period in 2007, representing an increase of 52.7%. Net revenues were $85.8 million, compared to $53.6 million, an increase of 60.1% from 2007 to 2008. Strong organic growth accounted for 22.4% of this increase in net revenues, the remaining 37.7% resulting from acquisitions. ...
  • Friday, November 7, 2008 New acquisitions in Quebec for GENIVAR Income Fund
    MONTREAL, Nov. 7 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of three consulting engineering firms: Les Consultants GENIPLUS Inc. ("GENIPLUS"), Nageco Inc. ("Nageco") and Consumaj Estrie Inc. ("Consumaj Estrie"). GENIPLUS specializes in structural engineering and bridge infrastructure; Nageco works in municipal infrastructure and structural engineering, while Consumaj Estrie specializes in municipal infrastructure, civil engineering and environment. GENIPLUS and Nageco are based in Montreal, and Consumaj Estrie in Sherbrooke. The three firms have a total of 25 ...
  • Wednesday, October 22, 2008 GENIVAR Income Fund announces October distribution
    MONTREAL, Oct. 22 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from October 1 to October 31, 2008, will be paid on November 17, 2008 to unitholders of record at the close of business on October 31, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Thursday, October 2, 2008 GENIVAR Income Fund Announces Closing of $50,000,000 Equity Financing
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ MONTREAL, Oct. 2 - GENIVAR Income Fund (TSX :GNV.UN) ("GENIVAR" or the "Fund") announced today the closing of its previously announced public offering of 1,391,650 units of the Fund (the "Units") for gross proceeds of approximately $35,000,000 (the "Offering") and the private placement of 596,421 exchangeable LP units (the "LP Units") of GENIVAR Limited Partnership ("GENIVAR LP") for gross proceeds of approximately $15,000,000 (the "Private Placement"). The Offering and the Private Placement will result in net proceeds ...
  • Friday, September 19, 2008 GENIVAR Income Fund Announces September Distribution
    MONTREAL, Sept. 19 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from September 1 to September 30, 2008, will be paid on October 15, 2008 to unitholders of record at the close of business on September 30, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Friday, September 12, 2008 GENIVAR Income Fund announces $50 million equity financing
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ MONTREAL, Sept. 12 - GENIVAR Income Fund (TSX:GNV.UN) ("GENIVAR" or the "Fund") today announced that it has agreed to issue 1,391,650 trust units (the "Units") from treasury of the Fund on a bought deal basis to a syndicate of underwriters led by TD Securities Inc., National Bank Financial Inc. and Raymond James Ltd. The Units will be offered at a price of $25.15 per Unit. The gross proceeds of the offering to the Fund will be $35 million and the Units will be offered by way of short form prospectus ...
  • Wednesday, August 20, 2008 The GENIVAR Income Fund announces August 2008 distribution
    MONTREAL, Aug. 20 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.1250 per Fund unit covering the period from August 1st to August 31, 2008, will be paid on September 15, 2008 to unitholders of record at the close of business on August 31, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, ...
  • Monday, August 18, 2008 GENIVAR Income Fund Acquires Henderson Paddon & Associates, an Ontario-based Civil and Environmental Engineering Firm
    MONTREAL, Aug. 18 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Henderson Paddon & Associates Limited ("Henderson Paddon"), an Ontario-based civil engineering and environmental consulting firm. GENIVAR now has more than 600 employees in Ontario. "I am very pleased to welcome Henderson Paddon to the GENIVAR team," said Pierre Shoiry, GENIVAR's President and CEO. "This acquisition allows us to consolidate our municipal infrastructure, transportation and building engineering expertise. Environmentally sustainable engineering solutions are a key focus for GENIVAR, and Henderson Paddon's dedication to providing sustainable solutions is consistent with our priorities," added Mr. Shoiry. "With this ...
  • Tuesday, August 5, 2008 GENIVAR Income Fund Announces Second Quarter Results: Net Earnings Up by 156%
    MONTREAL, Aug. 5 - GENIVAR Income Fund (the "Fund") announced today its financial and operating results (unaudited) for the second quarter of 2008. These results cover the period from March 30, 2008 to June 28, 2008.Highlights For the second quarter of 2008, revenues were $97.3 million, up from $63.8 million for the same period in 2007, representing an increase of 52.6%. Net revenues were $80.9 million, compared to $50.9 million, an increase of 59.0% from 2007 to 2008. Strong organic growth accounted for half of this increase. Net earnings were $6.7 million for the ...
  • Monday, August 4, 2008 GENIVAR Income Fund Acquires Solmers, a Firm Specialised in Environmental Engineering
    MONTREAL, Aug. 4 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Solmers Inc., ("Solmers"), a Quebec-based firm specialised in providing environmental engineering services, including in waste confinement technology to the municipal and industrial sectors. With this acquisition, combined with its current capabilities, GENIVAR now has a leading position in this sector in Canada, with projects totalling over 15 million square metres of designed, installed and controlled geosynthetic materials."I am very pleased to welcome Solmers onto the GENIVAR team," said Pierre Shoiry, President and CEO of GENIVAR. "The acquisition of Solmers is strategic in that it ...
  • Friday, August 1, 2008 GENIVAR Income Fund Acquires Zenix, an Ontario Engineering Firm
    MONTREAL, Aug. 1 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Zenix Engineering Ltd., ("Zenix"), an Ottawa-based firm specialising in building services such as envelope design and roofing, fire and life safety, code review, security, interior design and architecture, as well as mechanical-electrical and structural design. With this acquisition, GENIVAR now has over 550 employees in its Ontario offices. "I am very pleased to welcome Zenix onto GENIVAR's team," said Pierre Shoiry, President and CEO of GENIVAR. "By acquiring Zenix, we are not only able to expand our expertise in the building market in ...
  • Tuesday, July 15, 2008 GENIVAR Income Fund Increases its Monthly Cash Distributions and Announces the End of its Subordination Period
    MONTREAL, July 15 - GENIVAR Income Fund (TSX:GNV.UN) (the "Fund") announced today that it has approved a 50% increase in the monthly distributions of the Fund to $0.125 per unit from $0.0833 per unit. On an annualized basis this equates to distributions of $ 1.50 per unit. This distribution increase will be effective for the Fund's July 2008 distribution that will be payable on August 15, 2008 to unitholders of record on July 31, 2008. The increase in the monthly distributions is a direct result of ...
  • Thursday, June 26, 2008 GENIVAR Income Fund Acquires Peterson Galloway, a British Columbia-Based Firm, and Further Strengthens its Building Group
    MONTREAL, June 26 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of Peterson Galloway Ltd. (Peterson Galloway), based in Victoria, British Columbia. "I am very pleased to welcome Peterson Galloway into GENIVAR's team," said Pierre Shoiry, GENIVAR's President and CEO. "Peterson Galloway provides comprehensive structural engineering design and consulting services and has developed cutting-edge solutions in the areas of green buildings and seismic design. The firm also complements our British Columbia building engineering team. It has a solid client base and is an important provider of engineering services to educational, institutional, governmental and commercial clients throughout the ...
  • Wednesday, June 18, 2008 GENIVAR Income Fund announces June distribution
    MONTREAL, June 18 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.0833 per Fund unit covering the period from June 1 to June 30, 2008, will be paid on July 15, 2008 to unitholders of record at the close of business on June 30, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such ...
  • Monday, June 9, 2008 GENIVAR Income Fund Acquires Bullock Baur, a British Columbia Municipal Infrastructure Firm
    MONTREAL, June 9 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of Bullock Baur Associates Ltd., ("Bullock Baur"), a British Columbia-based firm specialising in civil and municipal engineering services."I am very pleased to welcome Bullock Baur onto GENIVAR's team," said Pierre Shoiry, President and CEO of GENIVAR. "The acquisition of Bullock Baur expands our expertise in the municipal infrastructure market in British Columbia. This firm is known for its excellent services and, has a solid client base throughout Vancouver Island," said Pierre Shoiry, President and CEO of GENIVAR.Bullock Baur was founded in 1974 and currently has ...
  • Friday, May 23, 2008 GENIVAR amends its credit facilities
    MONTREAL, May 23 - GENIVAR Income Fund is pleased to announce that it has successfully completed an amendment to its credit facilities (the "Facility"). This amendment provides for, among other things: the increase of the operating line from Cdn. $55,000,000 to Cdn. $80,000,000; greater flexibility regarding the incurrence of capital expenditures; and greater flexibility with respect to the consummation of acquisitions by GENIVAR.About GENIVARGENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a ...
  • Wednesday, May 21, 2008 GENIVAR Income Fund announces May distribution
    MONTREAL, May 21 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.0833 per Fund unit covering the period from May 1 to May 31, 2008, will be paid on June 16, 2008 to unitholders of record at the close of business on May 31, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such ...
  • Tuesday, May 13, 2008 First Quarter Yields Strong Results for GENIVAR Income Fund
    MONTREAL, May 13 - GENIVAR Income Fund (The Fund) announced, today, its financial and operating results (unaudited) for the first quarter of 2008. These results cover the period from January 1, 2008 to March 29, 2008.Highlights Revenues for the first quarter of 2008 were $70.1 million, up from $54.3 million for the same period in 2007, representing an increase of 29.0%. Net revenues were $60.1 million, representing an increase of $15.9 million (36.2%). Earnings before non-controlling interest were $7.6 million or $0.36 cents per unit for the first quarter. EBITDA increased 46.8% from $8.1 ...
  • Monday, May 5, 2008 GENIVAR Income Fund Acquires Doucet & Associés, a Telecommunications and Public Utilities consulting Firm
    MONTREAL, May 5 - GENIVAR Income Fund (the Fund) announced the acquisition of Doucet & Associés Conseils (Quebec) ltée (Doucet & Associés), an engineering-consulting firm specialising in telecommunications and utilities infrastructure. Doucet & Associés was founded in 1974 and has offices in Montreal and in Quebec City. The firm has 50 employees and has developed expertise in the field of telecommunications including outside networks, integrated distribution networks, switching and transmission, as well as public utilities infrastructure, including telephony cable networks, cable television, and electric power distribution, as well as IP telephony. "GENIVAR has a proven expertise in ...
  • Monday, April 21, 2008 GENIVAR Income Fund announces April distribution
    MONTREAL, April 21 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.0833 per Fund unit covering the period from April 1 to April 30, 2008, will be paid on May 15, 2008 to unitholders of record at the close of business on April 30, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such ...
  • Tuesday, March 18, 2008 GENIVAR Income Fund announces March distribution
    MONTREAL, March 18 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.0833 per Fund unit covering the period from March 1 to March 31, 2008, will be paid on April 15, 2008 to unitholders of record at the close of business on March 31, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such ...
  • Tuesday, March 11, 2008 GENIVAR Income Fund Concludes 2007 Strong Fourth Quarter and Year-end Results
    MONTREAL, March 11 - GENIVAR Income Fund (the Fund) announced strong growth in revenues and EBITDA for its fourth quarter and for the period from January 1, 2007 to December 31, 2007. This is the first full year results for the Fund since it commenced business operations on May 25, 2006.Highlights - For the full year 2007, revenues grew from $176.1 million in 2006 to $257.2 million, representing a 46.0% increase. Net revenue ...
  • Monday, March 3, 2008 EXH Engineering joins GENIVAR and Sets the Stage for Further Expansion in Alberta
    MONTREAL, March 3 - The GENIVAR Income Fund (GENIVAR) is pleased to announce that EXH Engineering Services Ltd. (EXH), an Alberta-based firm with 14 offices and over 275 employees, joined GENIVAR. The firm specializes in transportation and municipal infrastructure. GENIVAR's workforce in Western Canada numbers over 500 employees. "These are exciting times for GENIVAR. The acquisition of EXH, an industry leader in Alberta, represents a major step forward in developing our engineering services platform in this province. We have gained an important foothold there thanks to EXH's strong local presence, with 14 offices around the province, including Red Deer, Edmonton, ...
  • Wednesday, February 20, 2008 Genivar Income Fund announces February distribution
    MONTREAL, Feb. 20 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.0833 per Fund unit covering the period from February 1 to February 29, 2008, will be paid on March 17, 2008 to unitholders of record at the close of business on February 29, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Thursday, February 7, 2008 GENIVAR Income Fund Acquires RFA, a British Columbia Based Firm and Further Strenghthens its Building Group
    MONTREAL, Feb. 7 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of RFA Consulting Electrical Engineers Inc. (RFA), a 30-employee firm based in Vancouver and Victoria, British Columbia."I am very pleased to welcome RFA into GENIVAR's team," said Pierre Shoiry, GENIVAR's President and CEO. "They provide complete electrical engineering and lighting design services. The firm is specialised in buildings and other civil infrastructure and, it has developed cutting-edge solutions in green buildings," continued Mr. Shoiry. "RFA has a solid client base, being an important provider of engineering services to large healthcare, institutional, governmental and commercial clients ...
  • Tuesday, February 5, 2008 GENIVAR Income Fund Acquires Phoenix Engineering, Establishing a Presence in Calgary and Positioning GENIVAR as a Key Player in the North American Wind Power Market
    MONTREAL, Feb. 5 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of Phoenix Engineering Inc. (Phoenix), a Western Canada-based wind power consulting firm with offices in Calgary and Montreal. As a result of this acquisition, GENIVAR adds on 40 specialized employees in wind power and establishes itself in Calgary.The firm has over 20 years' experience in the areas of wind resource monitoring and assessment and wind farm design. Phoenix provides consulting services to owners and lenders, who collectively operate over 80% of the installed wind power capacity in Western Canada and nearly 40% nationwide."GENIVAR is now ...
  • Tuesday, January 22, 2008 GENIVAR Income Fund announces January distribution
    MONTREAL, Jan. 22 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.0833 per Fund unit covering the period from January 1 to January 31, 2008, will be paid on February 15, 2008 to unitholders of record at the close of business on January 31, 2008. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Tuesday, January 15, 2008 GENIVAR Income Fund acquires Ontario transportation firm Transenco Ltd.
    MONTREAL, Jan. 15 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of Transenco Limited, (Transenco), an Ontario-based firm specialising in transportation planning and design engineering services. GENIVAR has 2,400 employees in Canada and abroad, including 460 people in Ontario. "GENIVAR's acquisition of Transenco further strengthens our transportation expertise. We offer a full range of transportation services, ranging from planning and design of infrastructure projects involving roads, highways, bridges and public transit systems," said Pierre Shoiry, President and CEO of GENIVAR. "Canada's transportation infrastructure needs are considerable and governments are massively investing in transportation projects," he added. "This includes ...
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