Century Fire Protection Acquires GSC Fire & Security and Titan Fire Protection

FirstService (NASDAQ: FSV) announced that subsidiary Century Fire Protection acquired GSC Fire & Security and Titan Fire Protection.

Rhea-AI Summary

FirstService (NASDAQ: FSV) announced that subsidiary Century Fire Protection acquired GSC Fire & Security and Titan Fire Protection. The tuck-under deals expand fire alarm and sprinkler services in existing U.S. Sun Belt markets, while existing management retains minority equity stakes and continues day-to-day operations.

Positive

• Century Fire Protection completes two tuck-under acquisitions, GSC Fire & Security and Titan Fire Protection
• Expanded geographic reach across Austin/San Antonio, Texas and Tampa/Central Florida markets
• Broader fire alarm, sprinkler installation, retrofit, inspection, repair and monitoring capabilities
• Existing management teams retain minority equity, supporting leadership continuity

Negative

• None.

Argus May 28 session

+2.89% close to close 1.6x rel. volume Open Argus

Details

News Market Reaction – FSV

On May 28, the day this news came out, FSV closed 2.89% above the previous close. That session’s volume was 1.6x the stock’s average daily volume.

Data tracked by StockTitan Argus for the May 28 session.

Key Figures

GSC founding year: 2004 Titan founding year: 1997

GSC founding year

2004

GSC Fire & Security founded year

Titan founding year

1997

Titan Fire Protection established year

Previous Acquisition Reports

2 past events · Latest: Dec 17

Same Type 2 events

1. Dec 17

   Service acquisition

   24h Move

   -0.3%

   Amenity Collective acquired Advantage Sport & Fitness to expand fitness distribution.

2. Jul 30

   Tuck-under deals

   24h Move

   +0.4%

   Century Fire bought Citadel and Sentry to add scale in fire protection markets.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

tuck-under acquisitions, minority equity interests

2 terms

tuck-under acquisitions financial

"Tuck-Under Acquisitions Add Scale and Broaden Service Capabilities in Existing Markets"

A tuck-under acquisition is a small purchase of another company or business unit that is folded quietly into an existing division rather than run as a separate operation. Like sliding a new piece into an existing puzzle, it’s meant to add customers, products or capacity without big organizational changes. Investors care because these deals can boost revenue and efficiency with relatively low cost and integration risk, but they can still affect earnings, cash flow and debt levels.

minority equity interests financial

"management teams of both businesses have retained minority equity interests"

An ownership stake in another company that is less than 50%, meaning the holder cannot control that business’s decisions. Investors care because the owning company still shares in the subsidiary’s profits, losses and assets but can’t direct its strategy; on financial statements this minority stake changes how earnings and assets are reported. Think of it like owning a room in a rented house: you benefit from what happens there but don’t get to choose the household rules.

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Tuck-Under Acquisitions Add Scale and Broaden Service Capabilities in Existing Markets

TORONTO, May 28, 2026 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) today announced that its subsidiary, Century Fire Protection (“Century”), has recently acquired GSC Fire & Security (“GSC”) and Titan Fire Protection (“Titan”). The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations. Terms of the two transactions were not disclosed.

GSC, founded in 2004 and based in Austin, Texas, provides fire alarm installation and fire alarm and sprinkler inspection, repair and monitoring services to multi-family residential and commercial clients in the Austin and San Antonio metropolitan areas and surrounding regions within Texas.

Established in 1997 and headquartered in Tampa, Florida, Titan is a leading provider of fire sprinkler installation and retrofit services to a broad range of commercial and institutional end markets, including healthcare facilities, storage facilities, schools and multi-family properties in the Tampa metropolitan area and across Central Florida.

“These additions further advance Century’s strategy of enhancing our scale and broadening our service capabilities and geographic footprint across our operations,” said Richard Deeb, CEO of Century. “The acquisitions of GSC and Titan bolster our presence in the fast-growing U.S. Sun Belt region. We are excited to be partnering with the leaders of both businesses to deepen our fire sprinkler and alarm capabilities and drive further growth in these markets,” 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 company-owned operations and franchise systems.

FirstService generates more than $5.5 billion in annual revenues and has approximately 30,000 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 Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV", and are included in the S&P/TSX 60 Index. More information is available at www.firstservice.com.

COMPANY CONTACTS:

Jeremy Rakusin
CFO
FirstService Corporation
(416) 960-9566

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did FirstService (NASDAQ: FSV) announce on May 28, 2026?

FirstService announced that its subsidiary Century Fire Protection acquired GSC Fire & Security and Titan Fire Protection. According to FirstService, these tuck-under acquisitions expand fire protection service capabilities and add scale in existing U.S. Sun Belt markets, including key regions in Texas and Florida.

Who are GSC Fire & Security and Titan Fire Protection acquired by FirstService (FSV)?

GSC is an Austin, Texas firm providing fire alarm installation and related services, while Titan is a Tampa-based fire sprinkler installation and retrofit provider. According to FirstService, both companies serve commercial, institutional and multi-family clients across the Austin/San Antonio and Central Florida regions.

How do the GSC and Titan acquisitions benefit Century Fire Protection under FirstService (FSV)?

The acquisitions add scale and broaden Century’s fire alarm and sprinkler services in existing markets. According to FirstService, they strengthen Century’s presence in fast-growing U.S. Sun Belt regions and deepen capabilities across commercial, institutional, healthcare, storage, school and multi-family end markets.

Will management at GSC and Titan change after the FirstService (FSV) acquisitions?

Existing management teams at GSC and Titan will retain minority equity interests and continue overseeing day-to-day operations. According to FirstService, this structure supports continuity, preserves local leadership relationships and aligns incentives as Century Fire Protection integrates and grows these acquired businesses.

What services do GSC and Titan add to Century Fire Protection’s portfolio for FirstService (FSV)?

GSC contributes fire alarm installation, inspection, repair, monitoring and sprinkler services, while Titan adds fire sprinkler installation and retrofit expertise. According to FirstService, combining these capabilities broadens Century’s fire protection offerings across commercial, institutional and multi-family properties in Texas and Florida.

Which regions will FirstService (FSV) strengthen through the GSC and Titan acquisitions?

The deals expand operations in the Austin and San Antonio metropolitan areas and across Central Florida, including Tampa. According to FirstService, these markets are part of the fast-growing U.S. Sun Belt, where Century Fire Protection aims to deepen its fire protection service presence.