Geotech, headquartered in Prince George, British Columbia, provides specific project expertise in the drilling and installation of loop-fields for geothermal heating and cooling applications. The company also has several machines for geotechnical purposes, specializing in environmental drilling investigations relating to natural ground water resources.
“The potential acquisition of Geotech Drilling Services has the capability to significantly increase our revenue expectations, while substantially reducing our overall project cost output. The vertical drilling component associated with the geoexchange loop-field, is the most timely and cost-intensive element of each installation. To have this function in house will give the company a substantial competitive advantage in terms of project costing and scheduling. Geotech already has a vital business operation, and the company is excited about the opportunity that now exists to make Geotech a part of our team going forward,” says Jason McDiarmid, president of ESIV.