Century Fire Protection Adds Florida Platform
November 10 2016 - 4:30PM
FirstService Corporation (TSX:FSV) (NASDAQ:FSV) (“FirstService”)
announced today that its subsidiary, Century Fire Protection
(“Century”), has acquired Advanced Fire & Security
(“Advanced”), one of the leading full-service fire protection
companies in South Florida. Founded in 2001 and headquartered in
Pompano Beach, Advanced provides end-to-end fire protection
solutions including design, installation, maintenance, repair and
inspection services for commercial, residential, industrial and
institutional clients throughout the South Florida region. Eric and
Laura Rode, Co-Founders of Advanced, will continue to lead the
operations and retain minority equity interests as partners. Terms
of the transaction were not disclosed.
“Establishing a growth platform in Florida has
been a strategic priority for us as we continue to strengthen our
leadership position in the southeastern United States. The addition
of Advanced, with its exceptional management team and leading
presence in South Florida, aligns well with our long-term growth
strategy to extend the geographic footprint and expand the service
offering across our markets,” said Scott Tutterow, CEO of Century.
“Eric, Laura and their team share our passion for delivering
service excellence and outstanding value to clients making them
ideal partners for Century. We look forward to working closely with
them to accelerate their growth in this key market.”
“All of us at Advanced are delighted to be
joining Century and look forward to expanding our operations
throughout the state,” said Eric Rode, Co-Founder and President.
“Century’s intimate knowledge of the fire protection industry, deep
resources and proven best practices will enhance our ability to
scale our operations. We could not have found a better partner to
take our business to the next level,” he concluded.
About FirstService
CorporationFirstService Corporation 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 more than $1.4 billion in
annual revenues and has more than 17,000 employees across North
America. With significant insider ownership and an experienced
management team, FirstService has a long-term track record of
creating value and superior returns for shareholders. The
Subordinate Voting Shares of FirstService trade on the NASDAQ and
the Toronto Stock Exchange under the symbol "FSV".
For the latest news from FirstService
Corporation, visit FirstService.com.
COMPANY CONTACT:
Jeremy Rakusin
CFO
FirstService Corporation
(416) 960-9500
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