M&A Deal Summary

FirstService Acquires Spectrum Restoration Services

On March 4, 2021, FirstService acquired consumer services company Spectrum Restoration Services

Acquisition Highlights
  • This is FirstService’s 4th transaction in the Consumer Services sector.
  • This is FirstService’s 1st transaction in Canada.
  • This is FirstService’s 1st transaction in Alberta.

M&A Deal Summary
Date 2021-03-04
Target Spectrum Restoration Services
Sector Consumer Services
Buyer(s) FirstService
Deal Type Add-on Acquisition

Target

Spectrum Restoration Services

Edmonton, Alberta, Canada
Spectrum Restoration Services Ltd. is a full-service emergency response and restoration firm servicing industrial, healthcare and hospitality clients across central Alberta, Saskatchewan and the surrounding areas. Spectrum Restoration Services was founded in 2006 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

FirstService

Toronto, Ontario, Canada
Category Company
Founded 1988
Sector Real Estate
Employees29,000
Revenue 4.3B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 11 of 13
Sector (Consumer Services) 4 of 4
Type (Add-on Acquisition) 10 of 12
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Trilink Restoration Services

Oklahoma City, Oklahoma, United States

Trilink Restoration Services LLC is an independent commercial and residential restoration services provider. Trilink provides a full range of emergency restoration services across a diverse client base, including healthcare, hospitality, multifamily, and education. Trilink Restoration Services is based in Oklahoma City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Chesapeake Sprinkler

Odenton, Maryland, United States

Chesapeake is a full-service fire protection company that provides installation, inspection, maintenance, and testing services for fire sprinkler and alarm systems to a wide variety of corporate and government clients. Chesapeake Sprinkler was founded in 1978 and headquartered in Odenton, Maryland.

Buy -
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