LASALLE,
QC, April 1, 2024 /CNW/ - GDI Integrated
Facility Services Inc. (TSX: GDI) is pleased to announce that it
has concluded the previously announced sale of its Superior
Solutions Ltd. ("Superior") janitorial products distribution
business to Imperial Dade Canada. Superior's chemical manufacturing
business was not included in the transaction.
ABOUT GDI
GDI is a leading integrated 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, educational facilities,
distribution centers, industrial facilities, healthcare
establishments, stadiums and event venues, hotels, shopping
centres, airports and other transportation facilities. GDI's
commercial facility services capabilities include commercial
janitorial and building maintenance, energy advisory and system
optimization, the installation, maintenance and repair of HVAC-R,
mechanical, electrical and building automation systems, as well as
other complementary services such as janitorial products
manufacturing. 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.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute
forward-looking information within the meaning of securities laws.
Forward‑looking information may relate to GDI's future outlook and
anticipated events, business, operations, financial performance,
financial condition or results and, in some cases, can be
identified by terminology such as "may"; "will"; "should";
"expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate";
"predict"; "potential"; "continue"; "foresee"; "ensure" or other
similar expressions concerning matters that are not historical
facts. In particular, statements regarding GDI's future operating
results and economic performance, and its objectives and strategies
are forward-looking statements. These statements are based on
certain factors and assumptions including expected growth, results
of operations, performance and business prospects and
opportunities, which GDI believes are reasonable as of the current
date. While management considers these assumptions to be reasonable
based on information currently available to the Company, they may
prove to be incorrect. It is impossible for GDI to predict with
certainty the impact that the current economic uncertainties may
have on future results. Forward-looking information is also subject
to certain factors, including risks and uncertainties (described in
the "Risk Factors" section) that could cause actual results to
differ materially from what GDI currently expects. Namely, these
factors include risks pertaining to unsuccessful implementation of
the business strategy, changes to business structure, inherent
operating risks from acquisition activity, failure to
integrate an acquired company, decline in commercial
real estate occupancy levels, increase in costs which cannot be
passed on to customers, labour shortages, disruption in information
technology systems and execution issues with Strategic IT projects,
increases in interest rates, exchange rate fluctuations,
deterioration in economic conditions, increase in
competition, influence of the principal shareholders, loss of
key or long-term customers, public procurement laws and
regulations, legal proceedings, reputational damage, labour
disputes, disputes with franchisees,
environmental, social and governance ("ESG") considerations,
goodwill and long-lived assets impairment charges, tax matters, key
employees, participation in multi-employer pension plans,
legislation or other governmental action, cybersecurity, data
confidentiality and data protection, and public perception of our
environmental footprint, many of which are beyond the
Company's control. Therefore, future events and results may vary
significantly from what management currently foresees. The reader
should not place undue importance on forward-looking information
and should not rely upon this information as of any other date.
While management may elect to, the Company is under no obligation
and does not undertake to update or alter this information at any
particular time, except as may be required by law.
SOURCE GDI Integrated Facility Services Inc.