07:41:42 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



FirstService Corp (2)
Symbol FSV
Shares Issued 44,632,627
Close 2024-01-09 C$ 215.57
Market Cap C$ 9,621,455,402
Recent Sedar Documents

FirstService completes three restoration acquisitions

2024-01-10 08:23 ET - News Release

Mr. Scott Patterson reports

FIRSTSERVICE ADDS RESTORATION TUCK-UNDER ACQUISITIONS

FirstService Corp. has recently completed three restoration tuck-under acquisitions. Terms of the transactions were not disclosed.

First Onsite Restoration acquired Ohio-based DryPatrol LLC. Founded in 2007, the company is one of the largest providers of full-service commercial restoration services in Dayton and the surrounding region. DryPatrol renders water and flood mitigation services, as well as mold, fire and environmental restoration services, to property managers and other commercial clients across southwestern Ohio.

Paul Davis Restoration added to its company-owned platform by acquiring two of its existing franchised operations, one of which serves the Denver, Colo., metropolitan area and the other which covers urban markets across southern Idaho. As with the company's other Paul Davis operations, these businesses are full-service restoration providers to residential and commercial properties. The acquisitions complement the company's existing Paul Davis company-owned operations in Utah and Nevada, and enhance its ability to drive growth across the Mountain States region.

"These additions reflect our ongoing commitment to invest in key markets which are susceptible to weather-related property and large-loss claims," said Scott Patterson, chief executive officer of FirstService. "We are excited to work with the management teams to capitalize on our future opportunity in these markets."

About FirstService Corp.

FirstService is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential -- North America's largest manager of residential communities; and FirstService Brands -- one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.

FirstService generates approximately $4.3-billion (U.S.) in annual revenues and has more than 27,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term record of creating value and superior returns for shareholders.

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