LASALLE, QC, Nov. 2, 2016 /CNW Telbec/ – GDI Integrated Facility Services Inc. (TSX: GDI) (the “Company” or “GDI”) announces that it and its wholly-owned subsidiary Ainsworth Inc. (“Ainsworth”), as purchaser, have entered into an agreement to acquire Direct Energy Business Services Limited, doing business under Airtron Canada (“Airtron”), a subsidiary of Direct Energy Marketing Limited.
Airtron is a leading provider of HVAC, building automation and energy efficiency services, with approximately 400 employees and operations across Canada. The acquisition of Airtron will expand Ainsworth’s services portfolio and will strengthen GDI’s Technical Services segment, creating a business with proforma revenue of approximately $225 million and more than 1,200 employees across the country. The acquisition adds building automation and energy efficiency services to Ainsworth’s service portfolio, as well as the ability to remotely monitor and manage facility energy consumption, perform remote equipment diagnostics and problem resolution, and provide clients with real-time data analytics on building system performance.
“We are pleased to welcome the Airtron team to the Ainsworth family,” stated Claude Bigras, President & CEO of GDI. “Airtron is a highly strategic acquisition for Ainsworth, and will allow GDI to offer energy efficiency services, real-time intelligence and remote management of a facility’s building systems, enabling us to assist our clients to maximize asset performance, reduce operating costs, increase environmental responsibility and ensure consistent customer/employee comfort. Additionally, Airtron strengthens Ainsworth’s platform in certain regions that are key markets for GDI.”
The acquisition closing was announced November 12, 2016.
* (Excerpted from CNW news release.)