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Gdi Integrated Facility Services Inc. Announces Acquisition Of Ih Services, Inc.

PRIVATEJan 04, 2022•over 4 years ago

Acquiring Company

Gdi

Acquired Company

IH Services

ManufacturingAdministrative Services

Description

GDI Integrated Facility Services Inc. (TSX:GDI) (the "Company" or "GDI") is pleased to announce that its U.S. subsidiary GDI Integrated Facility Services USA Inc. has concluded the acquisition of IH Services, Inc. and its affiliates ("IH") effective December 31, 2021.

Company Information

Company

Gdi

About

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.

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Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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