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Enviro-Serv, Inc. (OTC: EVSV) Enters Strategic Joint Venture with Group CMR to Launch Multi-Project Construction Partnership
Globenewswireยท 2025-05-07 12:45
Core Insights - Enviro-Serv, Inc. has entered a Joint Venture Agreement with Group CMR to expand into Canada's construction and infrastructure market [1][2] - The Canadian construction market is projected to exceed CAD $430 billion by 2028, growing at a CAGR of 3.5% from 2024 to 2028 [3][5] - Enviro-Serv plans to invest up to 25% of project capital in five initial construction developments, with a maximum investment of $250,000 per project [2][3] Company Strategy - The partnership with Group CMR is aimed at accelerating Enviro-Serv's entry into the Canadian construction sector and aligns with its long-term strategy for high-yield, asset-backed investments [3][4] - Enviro-Serv expects potential gross revenue of $250,000 to $375,000 from the joint venture, assuming an average project profit margin of 20% to 30% [2][3] - The company is focused on capital-efficient growth, leveraging low upfront investment and high-yield upside without construction burdens [4][5] Market Expansion Plans - Following the initial projects in Canada, Enviro-Serv intends to expand its construction investment model into the U.S. market [4][5] - The U.S. construction industry is projected to grow from $2.1 trillion in 2024 to $2.7 trillion by 2029, with a CAGR of 5.1% [5] - Key growth drivers in the U.S. include residential housing demand, infrastructure modernization, and green building initiatives [5] Operational Overview - Group CMR will handle full-cycle project execution, including design coordination and construction management [2][3] - Enviro-Serv's diversified business model includes a focus on real estate and pest control, aiming for sustainable cash flow and superior returns on investment [8][10]