FirstService Corporation’s FirstService Brands division has recently completed three acquisitions. Terms of the transactions were not disclosed.
First Onsite Restoration acquired New Orleans, Louisiana-based Emergency Restoration Inc. Founded in 2003, the company is a provider of emergency water mitigation and property restoration services throughout the New Orleans metropolitan area. Emergency Restoration’s commercial clients include long-standing relationships with local school boards, property managers, hotels, insurance brokers and adjusters.
Paul Davis Restoration added to its company-owned platform with the acquisition of its franchised operation serving the Salt Lake City, Utah and Las Vegas, Nevada metropolitan areas. Established in 2014, this business is one of the largest franchises in the Paul Davis network and the largest restoration service provider in Salt Lake City. The company performs mitigation, contents, reconstruction and mold remediation services for residential, commercial and institutional property owners and property managers.
California Closets also further expanded its company-owned operations with the acquisition of its franchised territory within Portland, Oregon and surrounding areas, adding a market with significant future growth potential. With this addition, California Closets now has 21 company-owned operations out of 80 overall locations.
“These three transactions are a continuation of our strategy to augment our capabilities and geographic coverage across existing operations through selective tuck-under acquisitions,” said Scott Patterson, chief executive officer of FirstService. “We look forward to jointly working with the operating leaders and their teams to drive incremental growth opportunities in their respective markets.”
