F&M Management Ltd. (F&M) extends its congratulations to XCG Consulting (XCG) on finalizing their transaction with Trace Associates Inc. (Trace) and integrating with Trace’s esteemed team of professionals. Serving as XCG’s M&A advisors, F&M has been proud to play a role in this significant step, and we wish our client every success in their forthcoming endeavors at Trace. This partnership between Trace and XCG not only signifies a promising future filled with innovation and excellence but also further solidifies their joint position as leaders in the environmental consulting field in Ontario.

About XCG


Founded in 1990, XCG and its 28 employees has deep expertise providing environmental site assessment, remediation, risk assessment/management, solid waste advisory, and hazardous building materials management services across Canada, to a wide range of industry sectors.

Tom Williams, President of XCG, believes the combined efforts will “allow us to better serve our national and regional clients while also providing technical and professional growth opportunities for our staff.”

About Trace


Trace exists to help you have a great life. We are an employee-owned professional services firm with offices and people across Canada. Trace’s people are trusted advisors in environmental science and engineering, health and safety, emergency management, business continuity, sustainability, and Indigenous engagement.

Trace’s President and CEO, Darrell Haight, is excited to welcome XCG to the Trace team. “Our cultures are very similar as we both take great care of our people, so they can take care of our clients and suppliers. Both XCG and Trace clients will benefit as we now have greater national coverage and more diverse services to offer.”

About Combined Entities

With XCG, Trace expands its Canadian geographic footprint with a great presence in southern Ontario and adds solid waste advisory, surface water management, and environmental engineering capabilities that can be provided to public and private clients across Canada.

XCG will become the Ontario division of Trace on February 1, 2024, and will operate under the name “XCG, a division of Trace Associates Inc.”

For more information visit www.traceassociates.ca or LinkedIn.

About F&M Management Ltd.


Established in 2010, F&M has emerged as the premier corporate advisory and management consulting firm serving the environmental and engineering sectors in Canada. With a proven track record, F&M has successfully facilitated numerous Mergers and Acquisitions in the environmental consulting domain. Additionally, our expert guidance on management buy-outs and buy-ins has helped clients achieve their financial and corporate objectives.

F&M is also proud to have founded CE3C – the only executive level conference specifically tailored for the environmental and engineering consulting sector in Canada. Visit our website at www.ce3c.ca to learn more. This conference offers a unique platform where industry executives convene to discuss pivotal issues shaping our sector. Further extending our services, we have an affiliated company, Meridus Management Ltd. (www.meridus.com). Meridus delivers top-tier online project management training courses, tailored for industry professionals, to fortify their skills and enhance their knowledge.


As the founders of the CE3C conference in 2017, F&M Management and its partners held successful conferences in 2018 and 2019 for the executives of environmental consulting and engineering sector in Canada. We soon realized that in order to maintain the high-quality deliverables and expansion of the conference we needed to align the conference with a reputable marketing and media company in Canada. In 2018 we were approached by Actual Media, our Media sponsor, indicating their keen interest in joining our efforts to deliver the future conferences.

After further assessment and negotiations with Actual Media, we agreed to form a new company called CE3C Management Ltd. to house the conference. F&M Management retained the majority ownership of CE3C Management Ltd. as the founder of the conference and will be involved in the conference program management and technical delivery related to industry benchmarking and ensuring the conference maintains a high degree of professional output. Actual Media will be responsible for marketing the conference, conference organization and sponsorship. We are very pleased with our new partnership with Actual Media as we continue serving the environmental consulting and engineering sector in Canada

Read the latest issue of the Strategic Advisor Newsletter.  In Edition XV, topics include:

  • Canadian Environmental & Engineering Executive Conference – CE3C;
  • Closing the Gender Gap in our Industry;
  • Cultivating Leadership in Your Organization;
  • Being Audited by the CRA; and,
  • M&A News

The Strategic Advisor – Spring 2019

Read the latest issue of The Strategic Advisor.  In this edition we discuss the Canadian Enivronmental and Engineering Conference being held in Vancouver this fall; Collaborating with your competitors and wether it can be beneficial; Commoditization in our Industry; IT Governance; and Q4 M&A News.

The Strategic Advisor – Spring 2018

BCEIA’s Bettering Environmental Stewardship & Technology Conference (BEST) attracts environmental professionals every May for two days of technical sessions, networking opportunities, and a sponsor exhibition. Conference registration includes a welcoming reception, technical sessions, keynote presentations, an off-site networking reception, and all meals and coffee breaks. Click here to register for this outstanding event. Thank you.

Read the latest issue of The Strategic Advisor, in this edition we discuss the Canadian Environmental Consulting Industry – Changing Landscape; The Dashboard – An Essential Tool for Strategic Executives; Changes to “Income Sprinkling” Tax Rules; Q4 M&A News; and, the Canadian Environmental & Engineering Executive Conference Launch www.ce3c.ca

The Strategic Advisor – Winter 2018


F&M will be launching the first annual Canadian Environmental & Engineering Executives Conference in 2018. As part of this exciting new initiative F&M plans to bring together 10 senior executives of different companies from across the country for a one-day consultation and information gathering session in October.

The outcome and input from these executives attending the meeting in October will be used to address the challenges facing the industry and focus the main conference in 2018 on matters that are important to companies in the sector.


View our newsletter

Read our latest issue of The Strategic Advisor newsletter; in this edition we discuss Business Transition Management, Business Optimization, Impact of Growth on Cash Flow, M&A News and learn about F&M’s organization of a CEO Conference.


View our newsletter

Faramarz Bogzaran was a panel speaker at the first annual Young Entrepreneurs Symposium (Y.E.S.) event held on June 5, 2014.  Y.E.S. aims to provide young people in business with street-wise/practical ideas that they can incorporate into their businesses.  The event featured a total of 5 speakers with varied business backgrounds who offered advise while addressing topics that they are passionate about.  For more information about Y.E.S. and to see photo’s form the event, please visit www.yestalks.org

The latter part of the summer and fall are typically a very busy time for engineering and environmental consulting companies.  Managing this busy workload relies on many resources; however, the most valuable asset at this time of year is good project management.  Planning, communication, task/budget management, and quality control are some of the key pieces required to deliver successful projects.  Fortunately, all these topics and more are covered in F&M’s project management workshops targeted for our sector.  Our one-day course is the most comprehensive than any other provided.  Visit www.fmmltd.com to learn more and help give your team the tools to successfully deliver projects – especially through these busy times.