F&M Management Ltd. (F&M) would like to congratulate Teranis Consulting Ltd. (Teranis) shareholders and employees for finalizing their transaction with IBI Group Inc. (IBI) and joining IBI’s Canadian-based international consulting services. F&M is proud to have been involved as M&A advisors to Teranis and wish our client success in their future careers at IBI.

About Teranis

www.teranis.ca

Founded in 2006, Teranis was born out of a need to provide more inclusive, respectful and ethical services to First Nations communities, with the majority of its clients residing in such communities throughout British Columbia. Specializing in high quality, value-added professional services associated with contaminated site investigation, remediation and risk assessment, the firm’s approach is to actively engage the Nation and its membership, and to build capacity wherever possible during the environmental assessment of its land.

“I am invigorated by the opportunity that this partnership represents to apply the principle of ‘Two-Eyed Seeing’ to enhance the relationships we have built with Indigenous communities in BC and throughout Canada,” said Teranis Managing Principal, Ian Collings. “Mi’kmaw Elder, Albert Marshall, defined two-eyed seeing or Etuaptmumk as learning to see from one eye with the strengths of Indigenous knowledges and ways of knowing and from the other eye with the strengths of mainstream knowledge and ways of knowing. We see many inequities in the communities we operate in, and we believe that as part of IBI, we will be able to provide more holistic support by gaining access to the firm’s integrated professional service offering.”

About IBI

www.ibigroup.com

(TSX:IBG) is a technology-driven design firm with global architecture, engineering, planning, and technology expertise spanning over 60 offices and 3,000 professionals around the world. For nearly 50 years, its dedicated professionals have helped clients create livable, sustainable, and advanced urban environments. IBI Group believes that cities thrive when designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch.

“Through the strong scientific backgrounds of its founders, Teranis brings a unique skillset to IBI that augments several of our existing practice areas, including municipal and land development, water and wastewater management, flood mitigation, and renewable energy solutions,” said IBI Group CEO, Scott Stewart. “I’m pleased to welcome the Teranis team to IBI, and look forward to broadening our environmental and climate mitigation offering, as well as deepening our commitment to and collaboration with Indigenous communities.”

About F&M

www.fmmltd.com

F&M was founded in 2010 to become the leading corporate advisory and management consulting company to serve the environmental and engineering sectors in Canada.  F&M has successfully completed many Mergers and Acquisition transactions and provided advice on management buy-out and buy-in projects that have resulted in our clients reaching their financial and corporate objectives.  F&M’s team of seasoned professionals are highly skilled business leaders who bring decades of hands-on experience gained through senior leadership roles in environmental and engineering firms.

F&M are the founders of the only executive level conference, CE3C Conference www.ce3c.ca for the environmental and engineering consulting sector in Canada.   The conference provides a venue whereby senior executives in the sector can meet and discuss key issues facing the industry.

https://www.globenewswire.com/news-release/2021/12/01/2343930/0/en/IBI-Group-Announces-Acquisition-of-Environmental-Consulting-Firm-Teranis.html