FirstService unifies the Paul Davis Restoration brand across North America; Adds Paul Davis Systems Canada to its market-leading business
Toronto, ON (June 2, 2014) – FirstService Corporation (NASDAQ: FSRV; TSX: FSV) has
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 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.
Source: Paul Davis Systems Canada
