GDI Integrated Facility Services Inc. Closes Acquisition of Ainsworth Inc.

LASALLE, QC, Nov. 11, 2015 /CNW Telbec/ - GDI Integrated Facility Services Inc. (TSX: GDI) (the "Company" or "GDI"), is pleased to announce that it has completed the acquisition of Ainsworth Inc. ("Ainsworth"), a subsidiary of CEDA International Corporation ("CEDA").

"To welcome Ainsworth to our family is a milestone event for GDI that significantly enhances our position in the market and our value proposition to clients," stated Claude Bigras, President and CEO of GDI. "Uniting GDI's leading cross-Canada commercial janitorial services platform with Ainsworth's cross-Canada HVAC-R, mechanical, electrical and technical services business positions GDI as the only company in Canada capable of providing building owners and managers with a full range of core facility maintenance services. Together with Ainsworth, we are now able to offer our clients a complete suite of best in class outsourced services, a one-stop-shop for all of their facility maintenance needs."

Murray Leimert, President and COO of Ainsworth stated, "We are extremely excited about becoming part of the GDI family. Like GDI, Ainsworth's mission is to provide clients with consistently high quality services at the best available price-quality ratio, delivered through locally-based teams of dedicated employees. Together, GDI and Ainsworth are unique in Canada, able to provide a complete facility maintenance services solution at an attractive value proposition."

About GDI Integrated Facility Services Inc.

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 www.gdi.com.    

Forward-Looking Information

This press release may contain certain "forward-looking statements". Forward-looking statements are subject to certain risks and uncertainties, many of which are beyond the Company's control. There can be no assurance that such statements will prove to be accurate. Consequently, actual results and future events may differ materially from those anticipated by such statements. Readers should not rely unduly on such forward-looking statements.

 

SOURCE GDI Integrated Facility Services Inc.

For further information: GDI Integrated Facility Services Inc., Pierre Gagné, Chief Financial Officer, Telephone : 514-368-8690 ext. 526


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