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FirstService Brands completes three tuck-under acquisitions

On December 20, 2022, FirstService Corporation announced three significant acquisitions through its FirstService Brands division. First Onsite Restoration acquired New Orleans-based Emergency Restoration, Inc., established in 2003. This firm specializes in emergency water mitigation and property restoration in New Orleans, serving an array of clients from school boards to insurance brokers. Meanwhile, Paul Davis Restoration integrated a franchised operation from Salt Lake City, Utah, and Las Vegas, Nevada. Founded in 2014, it stands as Salt Lake City's top restoration service provider. This move aligns with the company's objective to selectively assimilate franchises from its vast 330-location North American network. Additionally, California Closets expanded its reach by annexing a franchised territory in Portland, Oregon, making it 21 company-owned operations out of 80 total locations. This step aims to tap into markets with high growth potential. Scott Patterson, FirstService's CEO, emphasized that these acquisitions are strategic endeavors to enhance their capabilities and reach. However, transaction details remain undisclosed.

Company

Paul Davis Restoration

Law Firm / Organization
Paul Davis Restoration Franchise

Company

Emergency Restoration Inc

Law Firm / Organization
Emergency Restoration, Inc.

Company

California Closets

Law Firm / Organization
California Closets Franchise

Company

FirstService Corporation

Law Firm / Organization
FirstService Corporation
Merger & Acquisition
Other
Undisclosed/Confidential
Closed
20 December 2022