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Major transaction: CBF Drilling acquires GEODEX and confirms its position as the undisputed leader in its industry

The company is deepening its expertise and leveraging the strengths and talent in deep foundations in Eastern Canada.

Saint-Pierre-de-la-Rivière-du-Sud, September 5, 2023 – With the acquisition of ETPO Géodex, CBF Drilling has taken a major step forward in its growth and strengthened its vision of becoming a leader in deep foundations in Eastern Canada. Founded in 1950, this family-run business is doubling its qualified resources, adding a new dimension to a team already renowned for its vast expertise.

Both companies have been firmly established in Quebec for many years, with a combined history of over 120 years in their respective sectors. By combining their complementary strengths and pooling their talents, over 200 resources will now be able to offer customers even greater expertise, as well as wider geographical coverage, to successfully meet the most complex challenges of large-scale projects.

“The CBF family continues to grow, and we are delighted to welcome and integrate the talented Géodex team into our own. We are thus consolidating our position as market leader in Eastern Canada, offering unrivalled expertise in the most complex structures. We’re also opening the doors wide to new talent, who will see in us the unique opportunity to be part of a close-knit family for whom the values of teamwork, mutual support, innovation and accomplishment remain the true pillars of its daily actions. Our people thrive on challenges, and this acquisition will give them even more opportunities to be part of something big. What’s more, bringing Géodex back into a 100% Quebec-owned organization is a source of great pride for us,” says David Blais, President of CBF.

“It’s a unique opportunity for us to join the CBF family, a business partner that shares the ambitions and values that are at the root of our success, and that will ensure our growth and future while continuing to offer our customers service that exceeds their expectations, and our employees stimulating prospects,” says Michel Audet, Vice President, Operations at Géodex.

In addition to Forage CBF and Géodex, the CBF family also includes other entities, such as Action SST and Équipe SST, two leaders in occupational health and safety, as well as Soudure CBF, Immobilier CBF and a partnership with Services mécaniques Aubin, specialized in worksite mechanics.


About CBF Drilling

Founded in 1950, family-run Forage CBF has acquired unique experience in deep foundations through the transmission of knowledge and expertise over the generations. This intergenerational collaboration, its innovative practices and the search for innovative solutions enable it to carry out the most complex projects, and the organization is now recognized as the leader in its sector in Eastern Canada. Since its very beginnings, CBF has stood out for its approach and its family and human values, making it an employer of choice.


About Geodex

Founded in 1973 by Mario Giacomo, Géodex joined the French ETPO group at the end of 2016 and became ETPO Géodex Inc. Thanks to a dynamic team of expert foundation engineers, highly qualified personnel and specialized equipment, Géodex is able to estimate, design and build deep foundations (piles, caissons, boreholes), retaining systems (Berliner walls, sheet piles, secant piles) and underpinning of existing buildings. Géodex, as part of the ETPO group, is extending its activities to marine and river works.


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Alexandre Mailhot, Senior Consultant

NATIONAL Public Relations

Tel. : 819 471-2495