WSP Global Inc.

WSP Global Inc.

July 06, 2009 05:59 ET

GENIVAR Income Fund increases its presence in Ontario by acquiring a firm based in Sault Ste.Marie

    MONTREAL, July 6  - The GENIVAR Income Fund (GENIVAR) is
pleased to announce the acquisition of WM. R. Walker Engineering Inc. (Walker
Engineering), a multidisciplinary engineering firm based in Sault Ste.Marie,
Ontario.
    "We are very pleased to welcome Walker Engineering into GENIVAR. The firm
is specialized in municipal infrastructure, transportation, energy and
building engineering," said Pierre Shoiry, President and Chief Executive
Officer of GENIVAR. "This acquisition represents a step forward to increase
our northern platform in Ontario and to further develop our services in all of
our market segments. Northern Ontario is a dynamic region, rich in
opportunities in all our market segments, including the municipal
infrastructure, environment, transportation, buildings and energy sectors,"
added Pierre Shoiry.
    "With Walker Engineering on board, GENIVAR will be in a better position
to serve our northern Ontario clients and we intend to keep expanding our team
in all of our markets. This firm has established a solid client relationships,
including municipalities, the provincial and federal government and the
private sector," said Marz Kord, Vice-President for Northern Ontario, GENIVAR.
    "I am very pleased with this merger which will ensure the continuity of
our firm and the pursuit of it's development within GENIVAR. It's a winning
situation from every angle, for the development of both our team and our
clientele," mentioned Doug Leask, President of Walker Engineering. "Our
decision was motivated namely by the fact that GENIVAR's business model
focusses on regional development. We foresee a future, full of opportunities
for developing our team and our clientele," concluded Mr. Leask.

    About WM. R. Walker Engineering Inc.

    Walker Engineering was founded in 1981. The firm has 15 employees in its
office in Sault Ste. Marie. Its services cover municipal, transportation,
energy and building engineering. Its clientele includes a number of
municipalities, provincial and federal government, as well as private
developers and First Nations.

    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, municipal
infrastructure, transportation and environment. GENIVAR is one of the largest
Engineering Services firm in Canada in terms of number of employees with more
than 3,600 managers, professionals, technicians and technologists and support
staff in more than 70 locations in Canada and internationally. www.genivar.com



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;
    Marz Kord, P.Eng., M.Sc., MBA, Vice-President, Northern Ontario, GENIVAR,
    (705) 264-9413; Doug Leask, C.E.T., President, WM. R. Walker Engineering Inc.,
    (705) 942-2070