Welcome to our dedicated page for Firstservice news (Ticker: FSV), a resource for investors and traders seeking the latest updates and insights on Firstservice stock.
FirstService Corp (FSV) maintains its position as a leader in North American property services through strategic initiatives and operational updates. This dedicated news hub provides investors and industry professionals with essential updates on the company's residential management solutions and specialty service brands.
Access authoritative information on earnings announcements, strategic acquisitions, and service expansions across both FirstService Residential and FirstService Brands divisions. Our curated collection includes official press releases regarding leadership changes, partnership developments, and innovations in property management technologies.
Key updates cover operational milestones in community management services, facilities maintenance programs, and advancements through subsidiary brands. Monitor critical developments affecting FSV's market position in residential real estate services and commercial property solutions.
Bookmark this page for streamlined access to FirstService Corp's verified financial communications and operational updates. Regularly updated content ensures informed decision-making for stakeholders tracking the property services sector.
FirstService (TSX and NASDAQ: FSV) announced that its subsidiary, FirstService Residential, has acquired CitiScape Property Management Group, based in San Francisco. CitiScape, founded in 1999, is a leading community association management firm providing comprehensive property and project management services to high-rise condominiums and homeowner associations in the San Francisco metropolitan area. The acquisition reinforces FirstService Residential's market leadership in Northern California. CitiScape's existing executives will continue to manage daily operations. The financial terms of the acquisition were not disclosed.
Skyway Capital Markets announced the recapitalization of Crowther Roofing & Cooling, partnering with Roofing Corp of America, a subsidiary of FirstService (NASDAQ: FSV). Crowther, a leading roofing and HVAC contractor in Southwest Florida, will operate as a standalone entity. The leadership team of Crowther, including CEO Lee Scott Crowther, retains significant equity. This partnership aims to expand Crowther's capabilities and geographic presence. Roofing Corp of America's CEO, Randy Korach, emphasized the strategic importance of this partnership in the Florida roofing market. Skyway Capital served as the exclusive investment banker for this transaction.
FirstService has announced the acquisition of Crowther Roofing and Hamilton Roofing through its subsidiary Roofing Corp of America (RCA). These acquisitions provide RCA with a strong foothold in Florida, contributing over $150 million in annual revenues. Crowther Roofing, based in Fort Myers, Florida, focuses on commercial roofing and employs 750 technicians. Hamilton Roofing, situated in Malabar, Florida, serves the commercial sector and has strong ties with blue-chip clients in government, aerospace, and education. Both companies' management teams will retain minority equity and continue daily operations.
FirstService announced a quarterly cash dividend of US$0.25 per Common Share, payable on July 5, 2024. The dividend is classified as an eligible dividend for Canadian income tax purposes. FirstService operates through two industry-leading service platforms, generating over $4.4 billion in annual revenues with approximately 29,000 employees across North America.
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