Review of GDI Integrated Facility Services

OCT 23, 2025 - GDI's story has shifted in recent years. The company’s organic topline growth has meaningfully decelerated—turning negative for two consecutive quarters—and the acquisition pipeline has been weak, with little indication of when activity might return to previous levels. While we think GDI may eventually resume its growth trajectory, the outcome and timing are highly uncertain. Given the current opportunity set in the Canadian small-cap universe, we believe both capital and time are better allocated elsewhere.