Babel Buster Network Gateways: Big Features. Small Price.
GDI Integrated Facility Services Inc. Announces Strategic Acquisition of ESC Automation Inc.
LaSalle, Quebec, November 28, 2019 – GDI
Integrated Facility Services Inc. (TSX:GDI) (the "Company" or "GDI") is
pleased to announce that it and its wholly-owned subsidiary Ainsworth
Inc. ("Ainsworth") have entered into an agreement to acquire ESC
Automation Inc. along with its U.S. subsidiaries Delta Connects Inc.
and New Patriot Energy Inc. (collectively, "ESC").
ESC is a leading and highly regarded building system integrator in North America with an impressive portfolio of services including the installation and maintenance of building automation systems, security systems, HVAC systems as well as newer technologies including real time locating systems, building analytics and energy management systems. Headquartered in Vancouver, British Columbia, ESC has 12 locations across North America, more than 750 employees and over 10,000 successful installations for nearly 3,500 customers.
The acquisition will considerably strengthen Ainsworth’s building automation systems business across Canada and position it as a master systems integrator with the capability to install and service multiple types of building systems and related technologies. ESC’s strength in building automation systems in Western Canada complements Ainsworth’s strong HVAC, mechanical and electrical platform in the region, while Ainsworth’s considerable presence in Ontario and Eastern Canada will help to facilitate ESC’s growthgeographically.
"The combination of ESC and Ainsworth will create a premier building systems and multi-trade facility services provider in Canada, with more than 2,400 employees in every province across the country as well as in five U.S. states. Together, we will be able to provide our clients with the most innovative and technologically advanced building system solutions along with the ability to maintain, repair and replace all of the systems and equipment in a facility. We will be a true one-stop shop for both today’s and tomorrow’s buildings," stated Claude Bigras, President & CEO of GDI.
Raymond Rae, co-founder of ESC stated,
"The dedication of our employees has enabled ESC to be recognized as a
leader in our field, and we view the combination with GDI as an
opportunity to enhance our value proposition to our clients. We are
very excited about joining forces with Ainsworth as it represents the
next step in ESC’s strategic evolution."
The acquisition is subject to Competition Bureau approval, receipt of certain third-party consents as well as other customary closing conditions. Subject to obtaining such required regulatory approvals and clearances and the satisfaction or waiver of other closing conditions, it is anticipated that the acquisition of ESC will be completed in January 2020.
GDI is a leading commercial facility
services provider which offers a range of services in Canada and the
United States to owners and managers of a variety of facility types
including office buildings, hotels, shopping centres, industrial
facilities, healthcare establishments, distribution facilities,
airports and other transportation facilities. GDI’s commercial facility
services capabilities include commercial janitorial, installation,
maintenance and repair of HVAC-R, mechanical and electrical systems, as
well as other complementary services such as damage restoration and
janitorial products manufacturing and distribution. GDI’s subordinate
voting shares are listed on the Toronto Stock Exchange (TSX: GDI).
Additional information on GDI can be found on its website at
[Click Banner To Learn More]
[Home Page] [The Automator] [About] [Subscribe ] [Contact Us]