On February 2, 2026, Gestion de Portefeuille Stratégique Medici Inc. announced its intention to vote against the proposed insider-led take-private acquisition of GDI Integrated Facility Services Inc. by an entity affiliated with Birch Hill Equity Partners and Company's CEO, Claude Bigras. In addition, Medici argues that the $36.60 per share offer is opportunistic and materially undervalues the company. In addition, Medici criticizes the formal valuation for being overly pessimistic by excluding future M&A activity, which is GDI's primary growth driver, and for using an unwarranted discount rate.
Medici also contends that the transaction was initiated at a cyclical low in Company's valuation and that the sale process was fundamentally flawed because the controlling shareholders refused to allow a market-testing process or auction, thereby preventing the maximization of shareholder value and effectively blocking any potential for a superior proposal.
