First Onsite Property Restoration Further Broadens Geographic Footprint
August 19 2021 - 7:30AM
FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”)
announced today that its subsidiary, First Onsite Property
Restoration (“First Onsite”), has recently acquired Complete DKI
(“Complete”) and Moore Restoration, Inc. (“Moore”). Terms of the
two transactions were not disclosed.
Headquartered in Pensacola, Florida, Complete is
a leading provider of disaster restoration services in the Florida
Panhandle region. Complete’s three offices provide emergency and
catastrophe response, construction services, environmental
services, and fire, smoke and water damage repair to a broad range
of commercial and insurance clients. Complete’s depth of experience
in the Florida Panhandle and along the Gulf Coast reinforces First
Onsite’s presence across the State of Florida, which is a
high-priority region exposed to area-wide catastrophic events.
Moore, founded in 1997 and based in
Indianapolis, is a market-leading commercial restoration services
firm in the central Indiana region. Moore has developed a
particularly strong reputation and expertise as a leading provider
of infectious control and disinfection services to hospitals and a
wide range of other healthcare clients across the Midwest U.S.
“These acquisitions will further drive
operational excellence across our organization by enhancing our
geographic coverage and ability to respond to the needs of our
clients on a timely basis,” said Stacy Mazur, First Onsite CEO,
U.S. “We welcome the Complete and Moore teams to our existing
operations within Florida and the Midwest U.S. and look forward to
working together to better serve our national and regional
commercial and insurance accounts in these key regions,” he
concluded.
ABOUT FIRSTSERVICE
CORPORATION
FirstService Corporation 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 franchise systems
and company-owned operations.
FirstService generates more than $3 billion in
annual revenues and has approximately 24,000 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
Common Shares of FirstService trade on the NASDAQ and the Toronto
Stock Exchange under the symbol "FSV".
For the latest news from FirstService
Corporation, visit www.FirstService.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
information and forward-looking statements within the meaning of
applicable Canadian and U.S. securities laws. Much of this
information can be identified by words such as “expect to,”
“expected,” “will,” “estimated” or similar expressions suggesting
future outcomes or events. FirstService believes the expectations
reflected in such forward-looking information and statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking information and
statements should not be unduly relied upon. Forward-looking
information and statements are based on current information and
expectations that involve a number of risks and uncertainties,
which could cause actual results or events to differ materially
from those anticipated. These risks include, but are not limited
to, the risks related to FirstService’s business, including those
identified in FirstService’s annual information form for the year
ended December 31, 2020 under the heading “Risk factors” (a copy of
which may be obtained at www.sedar.com or as part of FirstService’s
Form 40-F at www.sec.gov). Forward-looking information and
statements contained in this news release are made as of the date
hereof and are subject to change. All forward-looking information
and statements in this news release are qualified by these
cautionary statements. Except as required by applicable law,
FirstService undertakes no obligation to update any forward-looking
information and statement, whether as a result of new information,
future events or otherwise.
COMPANY CONTACT:
Jeremy
RakusinCFOFirstService
Corporation(416) 960-9566
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