Century Fire Protection Completes Two Acquisitions
January 10 2019 - 7:30AM
FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”)
announced today that its subsidiary, Century Fire Protection
(“Century”), has recently acquired Commercial Fire &
Communications, Inc. (“Commercial Fire”) and Allied Fire
Protection, Inc. (“Allied Fire”). The leaders of both businesses
have retained equity interests and will continue to run day-to-day
operations. Terms of the transactions were not disclosed.
Commercial Fire, established in 1980, is a
leading provider of installation and inspection services for fire
alarm and sprinkler protection systems on behalf of clients in the
healthcare, property management and hospitality industries across
southwestern Florida.
Founded in 1985, Allied Fire specializes in fire
sprinkler and suppression systems serving medical, industrial and
commercial facilities throughout North Carolina, particularly in
the northeastern part of the state.
“These two acquisitions expand our geographic
footprint in key markets within the southeast U.S. and further
deepen our fire sprinkler suppression and alarm system
capabilities,” said Scott Tutterow, CEO of Century. “We are excited
to be partnering with the leaders of both Commercial Fire and
Allied Fire as they drive further growth in their operations in the
coming years,” 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 US$1.8 billion
in annual revenues and has more than 19,000 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". More
information is available at www.firstservice.com.
COMPANY CONTACT:
Jeremy
RakusinCFOFirstService
Corporation(416) 960-9500
FirstService (NASDAQ:FSV)
Historical Stock Chart
From Jun 2024 to Jul 2024
FirstService (NASDAQ:FSV)
Historical Stock Chart
From Jul 2023 to Jul 2024