GDI Integrated Facility Services announced that its wholly-owned subsidiary Ainsworth have entered into an agreement to acquire ESC Automation along with its U.S. subsidiaries Delta Connects Inc. and New Patriot Energy, the former said in a statement.
ESC is a building system integrator in North America with a 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.
With headquarters in Vancouver, Canada , ESC has 12 locations across North America , more than 750 employees and over 10,000 installations for nearly 3,500 customers.
The acquisition will 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 growth geographically, the company said.
Ainsworth expects to acquire ESC for a purchase price of approximately $73.5 million on a debt-free basis, subject to certain closing adjustments including working capital. It is anticipated that the acquisition of ESC will be completed in January 2020 .
“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,” said Claude Bigras , President & CEO of GDI.
Raymond Rae , co-founder of ESC said, “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.”
GDI is a 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.
