The envision Group

The envision Group

September 17, 2009 09:00 ET

The envision Group Signs LOI to Acquire The Cannington Group Inc.

OTTAWA, ONTARIO--(Marketwire - Sept. 17, 2009) - The envision Group is pleased to announce that it has entered into a Letter of Intent to acquire Toronto based The Cannington Group Inc.

The Cannington Group Inc. is a full service environmental remediation company serving the Province of Ontario since 1976. The addition of The Cannington Group will extend the geographic reach for The envision Group; enhancing the national growth strategy well underway in Western Canada. This acquisition is expected to mirror in Ontario the success of The envision Group's subsidiary, IONA Contractors Ltd., located in Calgary, Alberta.

"I'm particularly happy to announce this acquisition, as I will once again have the pleasure of working with David McCrossan, I'm looking forward to the opportunities that will arise from this strategic acquisition in the Ontario market," stated President and CEO, Frank D'Addario. "Tony Maniaci, Vice President of Operations and Business Development will work closely with The Cannington Group to further develop a strong Ontario business unit," added Mr. D'Addario.

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The envision Group is one of Canada's premier suppliers of environmental, construction and contracting services, specializing in building construction and renovation, earthworks, utility installation and electrical contracting.

The envision Group has a broad range of experience serving the petroleum, realty, government, private, First Nations and industrial sectors. We provide cost effective, innovative solutions to meet the needs of our clients.

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