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Other

GDI Completes Previously Announced Plan of Arrangement

By The Northwire Desk — AI Analysis Mar 02, 2026 · 13:40 GDI · 36.55 GDI INTEGRATED FACILITY SERVICES INC. SV
GDI · Price

Executive Summary

  • GDI Integrated Facility Services Inc. completed its previously announced plan of arrangement, resulting in the company becoming a wholly‑owned subsidiary of an entity affiliated with Birch Hill Equity Partners Management Inc. and Gestion Claude Bigras Inc.
  • All issued and outstanding subordinate voting shares were purchased for C$36.60 per share; the remaining multiple voting shares were rolled over into shares of the purchaser’s affiliate.
  • Following completion, the Subordinate Voting Shares will be delisted from the Toronto Stock Exchange around March 3 2026 and GDI intends to cease being a reporting issuer under Canadian securities laws.

Key Details

  • Purchase Price: C$36.60 in cash per subordinate voting share.
  • Acquirers: Purchaser affiliated with Birch Hill Equity Partners Management Inc. (“Birch Hill”) and Gestion Claude Bigras Inc. (“GCB”), collectively the “Rollover Shareholders.”
  • Share Structure Impact: All subordinate voting shares (except those already owned by Birch Hill) were acquired; Birch Hill and GCB rolled over their subordinate and multiple voting shares for shares of an entity affiliated with the Purchaser.
  • Resulting Ownership: GDI becomes a wholly‑owned subsidiary of the Purchaser.
  • Delisting: Subordinate Voting Shares expected to be delisted from the TSX at close of business on or about March 3 2026.
  • Reporting Status: Company will apply to cease being a reporting issuer under Canadian securities laws in all jurisdictions.
  • Early Warning Filings: Birch Hill and Mr. Claude Bigras will file amended early‑warning reports pursuant to NI 62‑104/62‑103; copies available on SEDAR+.
  • Management Comments: CEO Claude Bigras expressed gratitude to shareholders and reaffirmed commitment to maintaining head office, senior management positions, and significant operations in Québec.

Notable Quotes

“I would like to sincerely thank our shareholders for the unwavering trust and support they have shown the Company… We undertake this new chapter of our story with gratitude and a sense of responsibility.” – Claude Bigras, President & CEO

“We are committed to preserving the Company's Québec roots… ensuring the continuity and stability of our organization.” – Claude Bigras, President & CEO

Read the original news release →

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