IBI Group buys Kitchener civil engineering firm
The IBI Group of Toronto has acquired Planning & Engineering Initiatives Limited of Kitchener, Ontario. PEIL focuse...
The IBI Group of Toronto has acquired Planning & Engineering Initiatives Limited of Kitchener, Ontario. PEIL focuses on planning, civil engineering and landscape architecture. It launched 30 years ago and now has 63 professional staff, and offices in Kitchener, Hamilton, Brantford, Mississauga and Walkerton. Paul Pupolo is president of PEIL.
IBI Group is owned 63% by IBI Income Fund, an income trust listed on the Toronto Stock Exchange. It employs 1,500 people worldwide, including 300 in Toronto. The company focuses on four areas: urban land, buildings, transportation and systems technology. Paul Beinhaker, chairman, director and CEO of IBI Group said the integration of the practice “will both broaden and strengthen the geographic presence of IBI in Ontario.”