FirstService Unifies the Paul Davis Restoration Brand Across North America
June 2, 2014 by Paul Davis Systems
Adds Paul Davis Systems Canada to its Market Leading Business
TORONTO, Ontario, June 2, 2014 – FirstService Corporation (NASDAQ: FSRV; TSX: FSV) today announced that its subsidiary, FirstService Brands, the leading North American brand in property services, has acquired Paul Davis Systems Canada, a market leader in the Canadian insurance restoration industry.
Paul Davis Systems Canada provides mitigation, restoration, reconstruction and emergency services from Vancouver Island to PEI. Ken and Steve Robinson will continue to lead the day-today operations of the Canadian business as CEO and COO, respectively. The acquisition adds 63 franchises to Paul Davis Restoration’s North American business services platform, bringing the total number of franchises to 370. Terms of the transaction were not disclosed.
“Our family has been involved with Paul Davis Restoration as its master franchise in Canada for two generations and we are absolutely thrilled to unite both organizations under one leadership team,” said Ken Robinson. “This is great news for our clients and franchisees,” added Steve. “They’ll receive the market’s broadest range of value-added programs, with enhanced service and support. Our customers—from the homeowner to the commercial property manager dealing with a large loss—will receive from our united company the care and exceptional customer experience Paul Davis is known for.”
“This acquisition unifies the Paul Davis Insurance Restoration brand across North America.” said Tim Robinson, CEO of Paul Davis Restoration. “We already enjoy a close and synergistic relationship with our Canadian operators, Ken and Steve Robinson, and have always been impressed by their strong management team and experienced and able group of franchisees. We look forward to working even more closely with them in the future as we continue to strive to enhance the value proposition for our insurance clients across the continent.”
ABOUT PAUL DAVIS SYSTEMS CANADA
Paul Davis Systems Canada (PDSC) is one of Canada’s largest full-service emergency mitigation, restoration and reconstruction companies. We have more than 60 locations from coast-to-coast handling thousands of emergency claims and restoration projects for insurance and commercial clients. Regardless of what causes an emergency: water release, flooding, fire, smoke, extreme weather or the discovery of a hazard such as mould, we respond quickly to ensure health and safety and to mitigate damage. We minimize the disruption of normal household or business activities and restore damaged property and belongings.
While there are several players in our industry, restoration contractors are not all the same. We believe we are the most caring and conscientious company and lead the field with consistently excellent, sustainable services and by delivering exceptional customer experiences.
Company Contacts:
Tim Robinson President & CEO Paul Davis Restoration 904-737-2779
Ken Robinson President & CEO Paul Davis Systems Canada 416-299-8890
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