News

November 22, 2006

The GENIVAR Income Fund continues to grow with the acquisition of Martoni, Cyr & Associates Inc.

The GENIVAR Income Fund is pleased to announce the acquisition of Martoni, Cyr & Associates Inc. (MCA), a Montreal-based engineering consulting firm specializing in structural and civil engineering and recognized as a Canadian leader in the field of telecommunications structures.

MCA has approximately 70 employees, including engineers and technicians. The firm has expertise in the fields of telecommunications, building engineering (institutional-commercial-industrial), high-rises and residential buildings, aircraft and engine testing facilities, stage and set engineering for entertainment events, cable-supported and tensile fabric structures and, more recently, in the wind power sector. MCA carries out projects in several Canadian provinces, 19 US states and abroad.

MCA was founded in 1979 by Ciro Martoni, Eng., M. Eng., who specializes in the design of telecommunication towers and special structures. He is a member of the US (TIA/EIA-222) and Canadian (CSA S37) technical committees on telecommunications tower standards. Named a Fellow of the Canadian Society for Civil Engineering in 1997, Mr. Martoni has received recognition for excellence in the engineering field as well as for his contributions to the engineering profession and Canadian society.

Roger Cyr, Eng., P.E., who specializes in building structures, joined MCA as a partner in 1981. He is licensed to practice engineering in 19 US states.

MCA has emerged as a Canada-wide leader in designing and developing innovative and creative methods for telecommunications tower reinforcement. These methods extend the life of existing telecommunications structures, reducing reconstruction costs and commissioning delays. It is one of the only firms in Canada to have analyzed, designed, reinforced and inspected over 5,000 such towers in Canada, the US, Brazil, China, India and Africa.

In addition, MCA developed the concept of the application of a smooth, extruded polyethylene jacket on the exterior of steel guy cables to reduce ice accumulation. The firm also developed a step-by-step design procedure to ensure the compliance of all design assumptions. This application has been used on numerous occasions on existing guyed towers not originally designed for ice accumulation.

MCA’s clients include Hydro-Quebec, Bell Mobility, Rogers Telecommunications Wireless Inc., Telus Mobility, Nexacor (Telecom), the Quebec Government’s General Directorate of Information Technology and Communications, Telebec Mobility, Fisheries and Oceans Canada, Prevel Group, Proment Corporation, Ivanhoe Cambridge, CBC and Cirque du Soleil.

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