{"id":450494,"date":"2021-03-04T07:33:08","date_gmt":"2021-03-04T12:33:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450494"},"modified":"2021-03-04T07:33:08","modified_gmt":"2021-03-04T12:33:08","slug":"global-restoration-completes-two-acquisitions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-restoration-completes-two-acquisitions\/","title":{"rendered":"Global Restoration Completes Two Acquisitions"},"content":{"rendered":"<h2>\nAdds Spectrum Restoration and Trilink Restoration<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">TORONTO, March  04, 2021  (GLOBE NEWSWIRE) &#8212; \u00a0FirstService Corporation (TSX and NASDAQ: FSV) (\u201cFirstService\u201d) announced today that its subsidiary, Global Restoration Holdings (\u201cGlobal\u201d), has recently acquired Spectrum Restoration Services Ltd. (\u201cSpectrum\u201d) and Trilink Restoration Services, LLC (\u201cTrilink\u201d). Terms of the transactions were not disclosed.<\/p>\n<p align=\"justify\">Spectrum, established in 2006 and based near Edmonton, Alberta, is a full-service emergency response and restoration firm servicing industrial, healthcare and hospitality clients across central Alberta, Saskatchewan and the surrounding areas.<\/p>\n<p align=\"justify\">Headquartered in Oklahoma City, Trilink is one of Oklahoma\u2019s largest independent commercial and residential restoration services providers. Trilink\u2019s team provides a full range of emergency restoration services across a diverse client base, including healthcare, hospitality, multifamily and education.<\/p>\n<p align=\"justify\">\u201cBoth Spectrum and Trilink extend Global\u2019s commercial restoration capabilities and expertise into new markets,\u201d said Jeff Johnson, Executive Chairman of Global. \u201cThese transactions are a continuation of our strategy to further build out our geographical footprint to better serve our regional and national account clients. We are delighted to have the Spectrum and Trilink teams join our organization to drive further growth,\u201d he concluded.<\/p>\n<p align=\"justify\">With the addition of Spectrum and Trilink, Global has completed nine tuck-under acquisitions across North America since becoming a subsidiary of FirstService in mid-2019. Global\u2019s operations, including recent acquisitions, will be rebranded under a single name, FIRST ONSITE, effective March 29, 2021.<\/p>\n<p align=\"justify\">\n        <strong>ABOUT FIRSTSERVICE CORPORATION<\/strong>\n      <\/p>\n<p align=\"justify\">FirstService Corporation\u00a0is a North American leader in the essential outsourced property services sector, serving its customers through two industry-leading service platforms:\u00a0FirstService Residential, North America&#8217;s largest manager of residential communities; and\u00a0FirstService Brands, one of North America&#8217;s largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.<\/p>\n<p align=\"justify\">FirstService generates approximately $2.8 billion in annual revenues and has approximately 24,000 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.\u00a0The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol &#8220;FSV&#8221;.\u00a0<\/p>\n<p align=\"justify\">For the latest news from FirstService Corporation, visit www.<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=icGp7HthRPBC0snShgOc3hPLsYNymgzMSp0uJdWwYh1BDf5j59O8mw_08FHGrG2gX9RhshUHQZQrIg2M51TQW1hCbU50O5lFrmSdbsnGn_I=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">FirstService.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>FORWARD-LOOKING STATEMENTS<\/strong>\n      <\/p>\n<p>This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and U.S. securities laws. Much of this information can be identified by words such as \u201cexpect to,\u201d \u201cexpected,\u201d \u201cwill,\u201d \u201cestimated\u201d or similar expressions suggesting future outcomes or events. FirstService believes the expectations reflected in such forward-looking information and statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information and statements should not be unduly relied upon. Forward-looking information and statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, the risks related to FirstService\u2019s business, including those identified in FirstService\u2019s annual information form for the year ended December 31, 2020 under the heading \u201cRisk factors\u201d (a copy of which may be obtained at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XGF3-V42ZEVcD3sKf3zrIvQvkze5y-xIukdp_H-pXW4kREmUULvJpHHXD3894m-19f6x6NGRWZA0kOaPgoktBQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sedar.com<\/a> or as part of FirstService\u2019s Form 40-F at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XGF3-V42ZEVcD3sKf3zrIrfBaKCSuOlDRz8QFcc2LnwNpMBf06FIzmp18UhErh6norRF8P4qh4I7x--TE5DKJA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sec.gov<\/a>). Forward-looking information and statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking information and statements in this news release are qualified by these cautionary statements. Except as required by applicable law, FirstService undertakes no obligation to update any forward-looking information and statement, whether as a result of new information, future events or otherwise.<\/p>\n<p>\n        <strong>COMPANY CONTACT:<\/strong>\n      <\/p>\n<p>\n        <strong>Jeremy Rakusin<\/strong><br \/>\n        <br \/>\n        <strong>CFO<\/strong><br \/>\n        <br \/>\n        <strong>FirstService Corporation<\/strong><br \/>\n        <br \/>\n        <strong>(416) 960-9566<\/strong>\n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzc4OCM0MDQ2NTU2IzIwMTk4Mzk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/c94ef531-5f78-4c72-82d0-16225d68bef9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Adds Spectrum Restoration and Trilink Restoration TORONTO, March 04, 2021 (GLOBE NEWSWIRE) &#8212; \u00a0FirstService Corporation (TSX and NASDAQ: FSV) (\u201cFirstService\u201d) announced today that its subsidiary, Global Restoration Holdings (\u201cGlobal\u201d), has recently acquired Spectrum Restoration Services Ltd. (\u201cSpectrum\u201d) and Trilink Restoration Services, LLC (\u201cTrilink\u201d). Terms of the transactions were not disclosed. Spectrum, established in 2006 and based near Edmonton, Alberta, is a full-service emergency response and restoration firm servicing industrial, healthcare and hospitality clients across central Alberta, Saskatchewan and the surrounding areas. Headquartered in Oklahoma City, Trilink is one of Oklahoma\u2019s largest independent commercial and residential restoration services providers. Trilink\u2019s team provides a full range of emergency restoration services across a diverse client base, including healthcare, hospitality, multifamily and education. \u201cBoth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-restoration-completes-two-acquisitions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Global Restoration Completes Two Acquisitions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450494","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global Restoration Completes Two Acquisitions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-restoration-completes-two-acquisitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Restoration Completes Two Acquisitions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Adds Spectrum Restoration and Trilink Restoration TORONTO, March 04, 2021 (GLOBE NEWSWIRE) &#8212; \u00a0FirstService Corporation (TSX and NASDAQ: FSV) (\u201cFirstService\u201d) announced today that its subsidiary, Global Restoration Holdings (\u201cGlobal\u201d), has recently acquired Spectrum Restoration Services Ltd. (\u201cSpectrum\u201d) and Trilink Restoration Services, LLC (\u201cTrilink\u201d). Terms of the transactions were not disclosed. Spectrum, established in 2006 and based near Edmonton, Alberta, is a full-service emergency response and restoration firm servicing industrial, healthcare and hospitality clients across central Alberta, Saskatchewan and the surrounding areas. Headquartered in Oklahoma City, Trilink is one of Oklahoma\u2019s largest independent commercial and residential restoration services providers. Trilink\u2019s team provides a full range of emergency restoration services across a diverse client base, including healthcare, hospitality, multifamily and education. \u201cBoth &hellip; Continue reading &quot;Global Restoration Completes Two Acquisitions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-restoration-completes-two-acquisitions\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T12:33:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzc4OCM0MDQ2NTU2IzIwMTk4Mzk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-restoration-completes-two-acquisitions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-restoration-completes-two-acquisitions\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Global Restoration Completes Two Acquisitions\",\"datePublished\":\"2021-03-04T12:33:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-restoration-completes-two-acquisitions\\\/\"},\"wordCount\":597,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-restoration-completes-two-acquisitions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4Mzc4OCM0MDQ2NTU2IzIwMTk4Mzk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-restoration-completes-two-acquisitions\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-restoration-completes-two-acquisitions\\\/\",\"name\":\"Global Restoration Completes Two Acquisitions - 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(\u201cSpectrum\u201d) and Trilink Restoration Services, LLC (\u201cTrilink\u201d). Terms of the transactions were not disclosed. Spectrum, established in 2006 and based near Edmonton, Alberta, is a full-service emergency response and restoration firm servicing industrial, healthcare and hospitality clients across central Alberta, Saskatchewan and the surrounding areas. Headquartered in Oklahoma City, Trilink is one of Oklahoma\u2019s largest independent commercial and residential restoration services providers. 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