News

The GENIVAR Income Fund is pleased to announce the acquisition of Henderson Paddon & Associates Limited (“Henderson Paddon”), an Ontario-based civil engineering and environmental consulting firm. GENIVAR now has more than 600 employees in Ontario.

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. 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.

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 in this province. 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.

About Henderson Paddon
Founded in 1972, Henderson Paddon has 70 full time employees at offices in Owen Sound, Hanover, Grimsby and Clarksburg, as well as up to 60 additional people working on contract administration assignments for the Ontario Ministry of Transportation. It also has an extensive list of public and private-sector clients, including numerous Ontario municipalities, various provincial Ministries, First Nation Communities and private clients including Waste Management of Canada, leading land developers and commercial construction clients. www.hp.on.ca 

Please visit GENIVAR’s Investor Relations section for the press release regarding this acquisition.