FirstService - M&A Summary and Business Overview

Real EstateCompany

FirstService M&A Summary

FirstService has acquired 13 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

FirstService’s largest acquisition to date was in 2023, when it acquired Roofing Corp of America for $413M. It’s largest disclosed sale occurred in 2013, when it sold Field Asset Services to Assurant Specialty Property for $55M. FirstService has acquired in 9 different US states, and 2 countries. The Company’s most targeted sectors include consumer services (31%) and real estate (31%).

FirstService Business Overview

Where is FirstService headquartered?

FirstService is headquartered in Toronto, Ontario.

What is FirstService’s revenue?

FirstService disclosed revenue of 4,335M USD for 2023 and 3,746M USD for 2022.

How many employees does FirstService have?

FirstService has 29,000 employees.

What sector is FirstService in?

FirstService is a real estate company.

When was FirstService founded?

FirstService was founded in 1988.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity13
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4

FirstService

FirstService Corp.

1255 Bay Street, Suite 600,
Toronto, Ontario M5R 2A9
Canada,
(416) 960-9566
www.firstservice.com

FirstService is real estate services company. FirstService manages residential and commercial properties through three service platforms: Colliers International, one of the largest global players in commercial real estate services; 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 was founded in 1988 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 9 - 2 1 1 - 13
vol $413M $413M
Sell (0.0/yr) # 1 - - - - - 1
vol $55M $55M
  14

Most Recent M&A

Company Date Value Type
Roofing Corp of America 2023-12-18 413M USD Add-on Acquisition
Atlanta, Georgia · www.roofingcorp.com
Chesapeake Sprinkler Co. Inc. 2022-01-11 - Add-on Acquisition
Odenton, Maryland · www.chesapeakesprinkler.com
Spectrum Restoration Services Ltd. 2021-03-04 - Add-on Acquisition
Edmonton, Alberta
Trilink Restoration Services LLC 2021-03-04 - Add-on Acquisition
Oklahoma City, Oklahoma · www.trilink.pro
Advanced Fire & Security, Inc. 2016-11-10 - Add-on Acquisition
Pompano Beach, Florida · www.advfireonline.com
Paul Davis Restoration, Inc. 2016-08-15 - Add-on Acquisition
Jacksonville, Florida · www.pauldavis.com
Century Fire Protection LLC 2016-04-06 - Add-on Acquisition
Duluth, Georgia · www.centuryfp.com
Bruner & Rosi Management, Inc. 2016-02-03 - Add-on Acquisition
Carlsbad, California · www.brunerrosimgt.com
K.A. Diehl, Inc. 2016-02-03 - Add-on Acquisition
Murrells Inlet, South Carolina · www.kadiehl.com
Pride Pool Service & Repairs LLC 2016-02-03 - Add-on Acquisition
Las Vegas, Nevada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Services 4 (31%) - - -
Real Estate 4 (31%) - - -
Safety/Security 3 (23%) - - -
Business Services 1 (8%) - - -
Construction 1 (8%) 413M (100%) - -
Financial Services - - 1 (100%) 55M (100%)
Total 13 $413M 1 $55M

By Geo

State/Country Buy Value Sell Value
United States 12 413M 1 55M
  Georgia 2 413M - -
  Florida 2 - - -
  California 2 - - -
  South Carolina 1 - - -
  Oklahoma 1 - - -
  Nevada 1 - - -
  Montana 1 - - -
  Maryland 1 - - -
  Texas - - 1 55M
Canada 1 - - -
  Alberta 1 - - -
Domestic 1 (8%) - - -
Cross-border 12 (92%) 413M (100%) 1 (100%) 55M (100%)
Total 13 $413M 1 $55M

Deal Values

buy # Total
$100M to $1B 1 $413M
TOTAL $413M
Largest Roofing Corp of America
$413M (2023-12-18)
sell # Total
< $100M 1 $55M
TOTAL $55M
Largest Field Asset Services
$55M (2013-10-01)

M&A Connections

Deals
Acquired from
Investor(s)
15%
2 (15%)
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
1 (100%)

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