Century Fire Protection Expands Geographic Footprint to Western U.S.
Rhea-AI Summary
FirstService Corporation (FSV) announced that its subsidiary, Century Fire Protection, has acquired two Utah-based fire protection companies: TST Fire Protection and Alliance Fire & Safety. TST, founded in 1998 in Salt Lake City, specializes in fire sprinkler system design, installation, inspection, and repair services for commercial clients in northern Utah. Alliance, established in 2014 in St. George, focuses on fire sprinkler systems, suppression systems, alarms, and extinguishers for commercial and industrial clients in southern Utah.
The acquisition establishes Century's presence in the Western U.S., with both companies' leadership teams retaining minority equity interests and continuing to manage day-to-day operations. The financial terms were not disclosed.
Positive
- Strategic expansion into Western U.S. market through acquisition of two established companies
- Complete geographic coverage across Utah state through complementary business locations
- Retention of existing leadership teams ensures operational continuity
- Opportunity for service expansion and growth into adjacent markets
Negative
- Financial terms not disclosed, making impact on FSV's finances unclear
News Market Reaction
On the day this news was published, FSV gained 2.27%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Acquires Utah-Based TST Fire Protection and Alliance Fire & Safety
TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that its subsidiary, Century Fire Protection (“Century”), has recently acquired TST Fire Protection, Inc. (“TST”) and Alliance Fire & Safety (“Alliance”), two related fire protection companies based in Utah. The leadership teams of both companies will continue to lead day-to-day operations and will retain minority equity interests. Terms of the transaction were not disclosed.
Founded in 1998 and based in Salt Lake City, Utah, TST is a leading fire sprinkler installation company serving the northern region of Utah. TST provides fire sprinkler system design, installation, inspection and repair services to a wide variety of commercial clients and large-scale warehouse distribution property owners.
Headquartered in St. George, Utah and established in 2014, Alliance designs and installs fire sprinkler and other suppression systems, alarms and extinguishers for commercial and industrial clients in the southern region of Utah.
“The addition of these companies establishes a new geographic beachhead, providing Century with an attractive growth platform in the Western U.S.,” said Richard Deeb, CEO of Century. “TST and Alliance collectively bring comprehensive coverage across the state of Utah, with an opportunity to better serve their clients by adding broader service capabilities and expanding into adjacent markets in the coming years. We welcome the TST and Alliance teams to the Century family and are excited to add them as partners in driving further growth across our combined operations.”
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
COMPANY CONTACT:
Jeremy Rakusin
CFO
FirstService Corporation
(416) 960-9566
FAQ
What companies did FirstService Corporation (FSV) acquire in Utah?
What services do TST Fire Protection and Alliance Fire & Safety provide?
How will the Utah acquisitions benefit Century Fire Protection's expansion?
Will the management of TST and Alliance remain after the FSV acquisition?
