June 9, 2025, Vancouver, BC - Concert Infrastructure is pleased to announce it has entered into a strategic partnership with GDI Integrated Facility Services Inc. (GDI) and Ainsworth Inc. (a wholly owned subsidiary of GDI) to participate in the national program that finances energy retrofits in aging buildings across Canada.
This partnership will finance the capital improvements in institutional, commercial and multi-residential buildings, supporting Canada’s transition to a low-carbon economy. The partnership will work with building owners to install new energy-efficient technologies and smart building solutions. These upgrades will reduce GHG emissions, lower energy consumption and generate operational cost savings.
Each project carried out by the partnership will vary in scale and approach. Once all retrofits are complete, it is estimated that approximately 44,000 tonnes of GHG emissions will be reduced per year. In addition, the projects are expected to support approximately 500 jobs in the trades sector. The first set of projects is expected to be announced in the coming months.
Concert Infrastructure serves as the primary equity investor, leveraging its expertise in infrastructure financing to help scale these projects nationwide. GDI will also serve as an equity investor and GDI and Ainsworth will source energy projects and provide energy advisory and turnkey design/build services, while the Canada Infrastructure Bank (CIB) is providing debt financing to support the projects.
“This partnership reflects Concert Infrastructure’s long-standing commitment to responsible, long-term investments that improve the lives of Canadians while strengthening both local and national economies,” says Derron Bain, CEO of Concert Infrastructure. “By bundling retrofit projects into a structured portfolio, we’re creating an efficient investment vehicle that maximizes both financial and environmental outcomes—generating emissions reductions, supporting job creation and delivering long-term value for the pension plans that own us. With a clear focus on sustainability, resilience and social impact, we’re planning not just for today, but for the future of our communities.”
The partnership will expand the program’s impact beyond GDI’s existing national building portfolio. Services provided by the partnership include initial energy audits, energy modelling, system design, installation, commissioning, measurement and ongoing energy management, data analytics and energy optimization.
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About Concert Infrastructure
Concert Infrastructure was founded in 2010 to partner with governments and invest in, develop and manage critical public infrastructure that strengthens the economic and social fabric of Canadian communities, while providing stable financial returns for our Canadian union and management pension plan shareholders. The company has directly invested in and manages 10 public private partnership (P3) infrastructure projects across three provinces and one territory in Canada, with an aggregate portfolio capitalization of $3.4 billion. See ConcertInfrastructure.com for more information.
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.
Media Contact
John Corry
Director, Corporate Communications
Concert Properties
604.812.1370
JCorry@ConcertProperties.com