Teranis Consulting Ltd. Joins IBI Group Inc.

M&A

F&M Management Ltd. (F&M) congratulates Teranis Consulting Ltd. shareholders and employees for finalizing their transaction with IBI Group Inc. (IBI) and joining IBI’s Canadian-based international consulting services. F&M served as M&A advisors throughout the process.

About Teranis

Founded in 2006, Teranis specializes in environmental services for First Nations communities across British Columbia. The firm focuses on contaminated site investigation, remediation and risk assessment with emphasis on community engagement and capacity building.

Teranis Managing Principal Ian Collings stated: “I am invigorated by the opportunity that this partnership represents to apply the principle of ‘Two-Eyed Seeing’” to enhance relationships with Indigenous communities.

About IBI

IBI Group (TSX:IBG) operates across over 60 offices and 3,000 professionals around the world offering architecture, engineering, planning, and technology services. The company has spent nearly 50 years helping clients create sustainable urban environments.

IBI Group CEO Scott Stewart noted that “Teranis brings a unique skillset to IBI” strengthening practice areas including municipal development, water management, flood mitigation, and renewable energy.

About F&M Management Ltd.

www.fmmltd.com

Founded in 2010, F&M provides corporate advisory services to environmental and engineering sectors in Canada, specializing in mergers and acquisitions.

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