GENIVAR Income Fund Acquires Henderson Paddon & Associates, an Ontario-based Civil and Environmental Engineering Firm

The GENIVAR Income Fund announce the acquisition of Henderson Paddon & Associates Limited, 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 acquisition, GENIVAR has significantly reinforced its national base, adding 70 employees in four new Ontario offices, including Owen Sound, Hanover, Grimsby and Clarksburg. Henderson Paddon has established a solid network by forging long-term client relationships, and that ties in well with GENIVAR’s business model,” he concluded.

“The acquisition of Henderson Paddon represents a step further in GENIVAR’s development. With Henderson Paddon on board, GENIVAR now ranks as one of the leading companies in Ontario’s municipal infrastructure, transportation and building engineering sectors, all of which will be strong markets in the years to come. Indeed, we intend to keep expanding our multidisciplinary teams in all of our market segments,” said Anita Smith, GENIVAR’s Executive Vice-President for Western Ontario. “In addition to expanding our geographic coverage of the province and our client base, Henderson Paddon brings us additional expertise in the areas of sustainability planning, municipal infrastructure design, environmental and waste management, structural engineering, hydrogeology and construction contract administration”, she added.

“GENIVAR is a great strategic fit because its business model is focused on regional development. It also takes a service-oriented team approach while fostering an entrepreneurial culture,” said Jeff Graham, Henderson Paddon’s President. “GENIVAR’s comprehensive range of expertise across its national network will be a tremendous asset to our clients,” he added. “Joining a recognized multidisciplinary company such as GENIVAR not only increases our financial capabilities, it makes us more versatile. In the long run, that can only benefit our clients. In addition, our employees will enjoy exciting new career opportunities within GENIVAR’s national and international network.”