FirstService Corp. Buys Large Paul Davis Franchise
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FirstService Corp. recently completed three acquisitions within its property restoration service lines. The moves include the acquisition of one of its larger existing Paul Davis Restoration franchises and the addition of two regional commercial restoration firms to FirstService’s First Onsite Restoration platform.
The leaders of these businesses will continue to manage their respective day-to-day operations. Terms of the transactions were not disclosed.
Founded in 2001, Paul Davis Lincoln is one of the largest providers of restoration services in the Midwest U.S., including emergency mitigation, contents and reconstruction restoration services for residential, commercial and institutional property owners and property managers. The Paul Davis Lincoln franchised operation serves central and northern Nebraska, southern Missouri and central Illinois.
This transaction is a continuation of FirstService executives’ strategy of selectively acquiring larger Paul Davis franchises to expand the company-owned operations.
The two First Onsite additions expand the company’s reach in North America.
Watermark, headquartered in Birmingham, Alabama, provides commercial property water and fire restoration as well as capital improvement and renovation services across the Southeast U.S. Confra Global Solutions, headquartered near Toronto, is a regional provider of commercial renovation and reconstruction services throughout Southern Ontario.
“These three tuck-under acquisitions are important additions to our First Onsite and Paul Davis restoration brands, enhancing our geographic footprint and scale, increasing our service capabilities and adding new regional and local client relationships,” said FirstService CEO Scott Patterson.
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