01:36:05 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



FirstService Corp (2)
Symbol FSV
Shares Issued 44,976,789
Close 2024-04-10 C$ 211.87
Market Cap C$ 9,529,232,285
Recent Sedar Documents

FirstService's First Onsite acquires All Restoration

2024-04-10 12:17 ET - News Release

Mr. Jeremy Rakusin reports

FIRST ONSITE RESTORATION ENHANCES GEOGRAPHIC FOOTPRINT IN GROWING SOUTHEAST U.S. REGION

FirstService Corp.'s subsidiary, First Onsite Property Restoration, has recently acquired All Restoration Solutions LLC (ARS or the company). The executive leaders of ARS will continue to hold a minority equity stake and oversee day-to-day operations. Terms of the transaction were not disclosed.

Established in 2006 and based in Atlanta, Ga., ARS is a leading provider of commercial property restoration and capital improvement services across four branches in Georgia and South Carolina. The company serves a diverse portfolio of institutional clients, with particularly strong relationships in the multifamily property management, education and health care industries. With the addition of ARS, First Onsite has established a strong market leadership position in the large and growing Atlanta metropolitan area.

"This acquisition is highly complementary to our existing presence in the southeast U.S.," said Jeff Johnson, chief executive officer of First Onsite. "ARS brings a strong leadership team and reputation for service excellence, while adding a blue-chip client base in attractive market sectors. We welcome the ARS team and look forward to collectively driving growth in this high-priority region," he concluded.

About FirstService Corp.

FirstService is a North American leader in the essential outsourced 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, company-owned operations and franchise systems.

FirstService generates more than $4.3-billion in annual revenues and has approximately 29,000 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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