Tuesday July 14, 2020 - BGIS, a leading global real estate and facility management services provider, announced that it has entered into a definitive agreement with the shareholders of Cantest Solutions Inc. under which BGIS Energy & Facility Solutions Inc. will acquire all issued and outstanding shares of Cantest. The transaction is expected to close on August 1, 2020, subject to customary closing conditions.
Cantest & BGIS are thrilled to have Cantest become part of BGIS’s national presence and deep capabilities in the fuel maintenance and repair services business. The addition of Cantest’s unparalleled precision calibration and regulatory compliance inspection expertise for fuel systems will offer unique opportunities to introduce exclusive value propositions into the market. For BGIS customers, this will mean an opportunity to reduce operating expenses, increase revenues, and enhance the customer experience through a reliable and responsive closed-loop service delivery solution. BGIS is committed to the energy systems sector and will continue to invest in new capabilities and innovation to bring new value to customers and their shareholders.
“BGIS is a great fit for Cantest. For over 26 years, Cantest Solutions has proudly built a solid reputation for technical expertise and accuracy within the petroleum industry. We view this acquisition by BGIS as an excellent opportunity to build our business with the BGIS family, while continuing to provide the level of service excellence Cantest’s clients are accustomed to,” says Marcus Cormier, President of Cantest Solutions Inc.
BGIS has a strong history of partnering with management teams to find ways to introduce new value-added solutions to customers. Further, BGIS’s team of senior management professionals will assist Cantest’s management team in continuing to expand services in Canada and work to develop this expertise into the United States, providing our North American customers with a consistent model and set of service levels.
“BGIS has become an industry leader by always putting the interests of our team members, customers and communities first, and by constantly innovating and searching for new opportunities to create value for all stakeholders. We’ve never been stronger as an organization, and we look forward to continuing to build the BGIS Energy & Facility Solutions business into the future,” says Gord Hicks, CEO BGIS.
For more information on Cantest Solutions Inc. please visit https://www.cantest.net/