WSP Global Inc.

WSP Global Inc.

March 02, 2009 04:12 ET

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



Contact Information

  • 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