WSP Global Inc.

WSP Global Inc.

August 01, 2008 08:36 ET

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 Ontario; we are able to
add new expertise such as fire and life safety, code review and interior
design, among others," said Mr. Shoiry.
    Founded in 1995 by Leo McCuaig, Chris Holtshousen, and Francois Lemay,
Zenix has 54 employees at its office in Ottawa. Zenix serves major clients
including: Shoppers Drug Mart, Bank of Canada, Federal Government, City of
Ottawa, NAV CANADA, Morguard, and the RCMP.
    "The acquisition of Zenix is strategic," said Marc Rivard, P.Eng,
Executive Vice President, Canadian Operations. "Their integrated team approach
and focus on building science and asset management will prove to be a
tremendous benefit to the Sustainable Design Group of GENIVAR," continued
Mr. Rivard. "The sustainable design market is very active right now and Zenix
will provide a significant boost as we reinforce our existing LEED services
across Canada," concluded Mr. Rivard.
    "Joining GENIVAR enables us to work on more significant and complex
projects," commented Chris Holtshousen, Principal of Zenix. "GENIVAR's dynamic
and entrepreneurial culture, along with its decentralised business model which
emphasises a local approach, and, access to its Canadian network made the
merger a very attractive proposition for us," explained Mr. Holtshousen. "As a
part of GENIVAR, we foresee many opportunities for developing our team and
clientele," he added.

    About GENIVAR

    GENIVAR is a leading Canadian Engineering Services firm providing private
and public sector clients with a comprehensive range of professional
consulting services through all execution phases of a project including
planning, design, construction and maintenance. Clients fall into various
market segments such as building, industrial and power, urban infrastructure,
transportation and environment. GENIVAR is one of the largest Engineering
Services firm in Canada with more than 3,100 managers, professionals,
technicians and technologists and support staff in more than 75 offices in
Canada and internationally.

Contact Information

  • 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, P.Eng, Executive Vice President, Canadian Operations GENIVAR
    Income Fund, (613) 829-2800; Chris Holtshousen, P.Eng., Zenix Associates Ltd.,
    (613) 729-2818