FSV - First Onsite Restoration Enhances Geographic Footprint in Growing Southeast U.S. Region | Benzinga
TORONTO, April 10, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that its subsidiary, First Onsite Property Restoration ("First Onsite"), has recently acquired All Restoration Solutions, LLC ("ARS" or the "Company"). The executive leaders of ARS will continue to hold a minority equity stake and oversee day-to-day operations. Terms of the transaction were not disclosed.
Established in 2006 and based in Atlanta, Georgia, ARS is a leading provider of commercial property restoration and capital improvement services across four branches in Georgia and South Carolina. The Company serves a diverse portfolio of institutional clients, with particularly strong relationships in the multi-family property management, education and healthcare industries. With the addition of ARS, First Onsite has established a strong market leadership position in the large and growing Atlanta metropolitan area.
"This acquisition is highly complementary to our existing presence in the Southeast U.S.," said Jeff Johnson, Chief Executive Officer of First Onsite. "ARS brings a strong leadership team and reputation for service excellence, while adding a blue-chip ...