GENIVAR buys Cochrane Design
GENIVAR of Montreal has expanded into western Canada with the acquisition in late December of the Cochrane Design G...
GENIVAR of Montreal has expanded into western Canada with the acquisition in late December of the Cochrane Design Group, a consulting firm with 150 employees.
Following that, in January Genivar bought Kazmar Associates, a Toronto structural engineering firm of 25 employees that was founded in 1960.
This brings to three the number firms that Genivar has bought since it began trading as Genivar Income Fund on the Toronto Stock Exchange last year. At the time it became a publicly traded company it acquired MacViro.
Cochrane Engineering gives Genivar a major presence in Western Canada. It has offices throughout B.C. Manitoba and Saskatchewan, as well as an office in Ontario. Cochrane operates in infrastructure, transportation, power and industrial processes. It also offers architecture through PBK Architects of Vancouver. Current projects include the Canada Line Rapid Transit in Vancouver, a metallurgical coal mine in B.C. and and an ethanol plant in Manitoba. The firm was founded in 1974 by Trevor Cochrane, and is now led by president Rob Harmer.
In announcing the acquisition of Cochrane, Pierre Shoiry, ing, the president and chief executive officer of Genivar, noted: “Genivar is actively pursuing its goal of achieving growth in the Canadian market by expanding its national platform. The number of potential acquisitions in Canada remains high and Genivar is assessing additional consolidation opportunities …”