TORONTO, Aug. 15, 2016 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV) (NASDAQ:FSV) (“FirstService”)
today announced that it has added another market-leading franchise to its FirstService Brands company-owned operations through the
acquisition of Paul Davis Restoration (“PDR”) of Fairfield and Westchester. The acquisition marks the third addition to PDR’s
growing company-owned operations, joining Central Pennsylvania and recently acquired North Florida. Edward and Nancy Nardella will
remain in their respective roles as President and Vice President and continue to lead the day-to-day operations, reporting to Steve
Rotay, President of the Northeast Region of PDR’s company-owned operations. Terms of the transaction were not disclosed.
“Consistent with our company-owned strategy, this acquisition adds further scale to our Northeast Region and
expands our geographic footprint into the important New York and Connecticut markets,” said Rich Wilson, CEO of Paul Davis
Restoration. “Ed and Nancy have been with Paul Davis for over two decades and are two of the most highly-regarded operators within
our system. We look forward to working even more closely with them as we continue to enhance the delivery and value of our service
offering to our insurance and commercial clients across North America,” he concluded.
ABOUT FIRSTSERVICE CORPORATION
FirstService Corporation is a North American leader in the property services sector, serving its customers
through two industry-leading service platforms: 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 generates more than $1.3 billion in annual revenues and has more than 16,000 employees across North
America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of
creating value and superior returns for shareholders. The Subordinate Voting Shares of FirstService trade on the NASDAQ and
the Toronto Stock Exchange under the symbol "FSV".
For the latest news from FirstService Corporation, visit FirstService.com.
COMPANY CONTACT: Jeremy Rakusin CFO FirstService Corporation (416) 960-9500
