Thirau LLC

becomes part of

Riggs Distler Corp.


New business model will

  • accelerate growth,
  • strengthen market position,
  • reduce costs by more than $2.0 million
 
 
Under this structure, operations will be regrouped by geographic region and the first step will consist in merging Thirau LLC and U.S. operations under the unified banner of Riggs Distler & Company, Inc. ("Riggs Distler").
 
 
 
Come Visit us at
 

Learn More about CVTech here:
http://www.cvtech.ca/
 

CVTech Group Inc. adopts a new organizational structure


In October 2013, the Corporation initiated an internal strategic review of its operations, with the primary aims of conducting an in-depth review of its business model and defining an action plan to implement the proposed initiatives in the best time frame possible.

Based on this action plan, the Corporation will adopt a simplified organizational structure allowing it to evolve from a business model resembling that of a holding company to a model based on fully integrated subsidiaries. Under this structure, operations will be regrouped by geographic region and the first step will consist in merging Thirau LLC and U.S. operations under the unified banner of Riggs Distler & Company, Inc. ("Riggs Distler").

To carry out the reorganization in the United States, the Corporation announces the appointment of Mr. Steve Zemaitatis Jr. as Executive Vice-President in charge of U.S. operations and President of Riggs Distler. Mr. Zemaitatis has been with Riggs Distler since 1998, joining CVTech in 2009 when the latter acquired Riggs Distler. This appointment takes effect immediately and Mr. Zemaitatis will report directly to André Laramée, President and Chief Executive Officer.

"CVTech's presence in the United States has grown substantially in recent years and the adoption of this business model will leverage the high-profile Riggs Distler brand to further enhance its position in the market for services to the energy industry. The reorganization will also make our U.S. operations more efficient and bring it a lasting competitive advantage," said Steve Zemaitatis Jr., Executive Vice-President, U.S. Operations of CVTech.

The new business model also entails the creation of shared administrative services, the introduction of new lines of business and access to more diversified expertise. The Corporation estimates that these initiatives will bring efficiency gains resulting in recurrent annual cost savings. These savings, mainly attributable to reductions in overhead costs and workforce, as well as expected synergy gains, will be progressively realized over the current fiscal year and, when completed, should reach more than $2.0 million on an annualized basis.

In Canada, the strategic review with regard to implementing the new Canadian business model is ongoing under the leadership of Bruno Testaert, Vice-President and General Manager of Thirau ltée and JJL Déboisement inc. Mr. Testaert was appointed last October.

"The execution of the action plan will raise CVTech's profile, extend its geographic reach to new markets, enhance its service offering and attract new talent. Even more important, these initiatives will create lasting value for our shareholders," concluded André Laramée.

https://ca.finance.yahoo.com/news/cvtech-group-inc-adopts-organizational-134500644.html

 

Serving the Energy Industry since 1952

Toll Free: (855) 442-5090

25 Laurel Road

Rocky Hill CT 06067

◊ Commercial High Voltage Construction
Overhead Distribution and Underground
Storm Restoration/Emergency Response
Substation Construction
Transmission Line Construction

 




Thirau LLC - Serving The Energy Industry

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A Commercial Electrical Construction & Storm Restoration Services Contractor

Whether you're a civic leader or the head of a utility company, you want the best in terms of electric power construction for those who count on you. Keep your utility customers and infrastructure out of the dark with professional work from our highly qualified staff based in New England. Thirau LLC has the resources, manpower, equipment, and managerial capacity to provide large scale services locally or nationally

Electric Tower - HV Contractors in New England

Our Electrical Services Include:

• Overhead Distribution

• Transmission Tower & Lines

• Underground Distribution
• Substation Construction

• Storm Response & Restoration

• Utility Pole Audits

 
Why Choose Us?

Safety has been the major component of our electrical contracting services since we opened for business in 1952. It's our commitment to safe working conditions that allows us to fully meet the needs of our clients, as well as help us exceed our customers' expectations.

We have the necessary specialized equipment to finish our project-based work quickly and with the highest safety record in the industry.

Count on an established contractor with union hall support for our large, flexible workforce which is always ready to handle your electrical contracting needs.

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Proud Members:

National Electrical Contractors Association  | National Joint Apprenticeship and Training Committee