Latest news with #FirstService
Associated Press
15-05-2025
- Business
- Associated Press
Century Fire Protection Expands Geographic Footprint to Western U.S.
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 $5.3 billion in annual revenues and has approximately 30,000 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. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol 'FSV', and are included in the S&P/TSX 60 Index. More information is available at COMPANY CONTACT: Jeremy Rakusin CFO FirstService Corporation (416) 960-9566
Cision Canada
08-05-2025
- Business
- Cision Canada
FirstService Residential Acquires Core Real Estate Group
Acquisition expands FirstService Residential's footprint in Edmonton, Alberta, and Western Canada EDMONTON, AB, May 8, 2025 /CNW/ - FirstService Residential announced the acquisition of Edmonton-based Core Real Estate Group. Core Real Estate Group, serving residential properties in Edmonton since 2011, manages more than 15,000 residential units. The acquisition brings the number of residential units under FirstService management in Canada to more than 250,000, reinforcing FirstService's leadership position in property management in Canada. "We are proud to welcome Core Real Estate Group to our organization," said David Diestel, chief executive officer of FirstService Residential. "This partnership with David Brown and his team is key for us as we continue to invest and expand our presence in Western Canada. Together, we will bring new local expertise and our scale to benefit the communities that we serve." "Our shared commitment to customer-focused service and innovation will help us better serve these residential communities," said Glenne Manlig, president of FirstService's operations in Alberta. "As one example, our new communities will leverage our Resident Support Services team and technology to respond quickly to questions from residents, allowing community managers to focus on projects that are important for our managed communities in Edmonton." "We are excited to partner with FirstService," said David Brown, founder of Core Real Estate Group. "Our team will be joining a Great Place To Work® and a company listed as one of Canada's Best Workplaces™. Our customers will benefit from combined expertise, industry-leading best practices, and property management resources, further enhancing the level of service they receive. About FirstService Residential FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident. Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support. Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care. FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ andTSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.
Hamilton Spectator
07-05-2025
- Business
- Hamilton Spectator
FirstService Declares Quarterly Cash Dividend on Common Shares
TORONTO, May 07, 2025 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) ('FirstService') announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common Shares of US$0.275 per Common Share. The dividend is payable on July 8, 2025 to holders of Common Shares of record at the close of business on June 30, 2025. The dividend on Common Shares is an 'eligible dividend' for Canadian income tax purposes. 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 $5.3 billion in annual revenues and has approximately 30,000 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. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol 'FSV', and are included in the S&P/TSX 60 Index. More information is available at . Forward-looking Statements This press release includes or may include forward-looking statements. Much of this information can be identified by words such as 'expect to,' 'expected,' 'will,' 'estimated' or similar expressions suggesting future outcomes or events. FirstService believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements contemplated in the forward-looking statements. Such factors include: (i) general economic and business conditions, which will, among other things, impact demand for FirstService's services and the cost of providing services; (ii) the ability of FirstService to implement its business strategy, including FirstService's ability to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) other factors which are described in FirstService's annual information form for the year ended December 31, 2024 under the heading 'Risk factors' (a copy of which may be obtained at ) and Annual Report on Form 40-F filed with the United States Securities and Exchange Commission (a copy of which may be obtained at ), and subsequent filings (which factors are adopted herein). Forward-looking statements contained in this press release are made as of the date hereof and are subject to change. All forward-looking statements in this press release are qualified by these cautionary statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements contained in this press release to reflect subsequent information, events, results or circumstances or otherwise. COMPANY CONTACTS: D. Scott Patterson Chief Executive Officer (416) 960-9566 Jeremy Rakusin Chief Financial Officer (416) 960-9566
Yahoo
18-02-2025
- Business
- Yahoo
FirstService Residential recognized as top homeowners association management company
FirstService Residential retains its title as South Florida's top property management company DANIA BEACH, Fla., Feb. 18, 2025 /PRNewswire-PRWeb/ -- FirstService Residential has once again been named the top homeowners association management company in South Florida by the South Florida Business Journal. Headquartered in Dania Beach, Florida, the company manages 1,370 associations in the Florida tri-county area alone, and continues to set the standard for excellence in residential property management. "We are humbled that so many associations have chosen us to manage their communities," said Robert G. Smith, president of the company's South Region. "We believe that what truly distinguishes FirstService Residential is our unwavering commitment to service and value. Our local expertise, paired with the unmatched resources of North America's leading residential management company, enables us to deliver unparalleled service and solutions that enhance the lives of the residents we serve." Established in 1990, FirstService Residential manages every type of residential community, from single-family homes, townhomes, and active-adult communities to condos, luxury high-rises, and highly amenitized master-planned communities. "The boards we serve entrust their communities to us for our exceptional property management services, and because we offer a customized approach to support them on initiatives that other management companies simply cannot do," continued Smith. "We provide financial solutions designed to maximize revenue, aiming to secure the right loans and insurance coverage. Our energy management strategies drive cost savings. Our lifestyle programs help make the most of community amenities, fostering engagement and connection among residents. And, most importantly, our customer care team is available 24 x 7 – not only during office hours – to assist our residents." With a legacy of excellence and a service-first philosophy, FirstService Residential remains the trusted choice for homeowners associations throughout South Florida and beyond. Learn more at To see the full list of rankings, click here. About FirstService Residential FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident. Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support. Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care. FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients. Media Contact Lillian Guerrero, FirstService Residential, 305.951.6817, View original content to download multimedia: SOURCE FirstService Residential
Yahoo
07-02-2025
- Business
- Yahoo
The Smartest TSX Stocks to Buy With $3,000 Right Now
Written by Robin Brown at The Motley Fool Canada With so much volatility in the economy and the stock market, it can be hard to know which TSX stocks are smart to hold or not. Ideally, you need to look for stocks that can prosper regardless of tariffs or economic weakness. You must look beyond the volatility and imagine companies that are essential to society, the economy, and to their customers. Pick companies with the best managers, solid balance sheets, and essential products/services. There might be a lot of huff and haw over the next few weeks, but you can prosper by looking beyond it. If you have got $3,000, here are three TSX stocks I'd have no hesitation holding for decades ahead. Constellation Software (TSX:CSU) trades for $4,900 per share, so that excludes anyone with only $3,000 from buying it. The good news is that many brokerages allow fractional share purchases. You could afford to buy one-fifth of a CSU share. Alternatively, you could buy one of its spinouts like (TSXV:TOI). Topicus operates niche software companies all around Europe, Asia, and South America. In many instances, it is the only software provider that meets its customer needs. That limits competition and ensures lifelong customers. This TSX stock has a very resilient business and earns strong recurring cash flows. It is not cheap after the stock has run up already in 2025. However, for a long-term hold, it is worth adding to today. VitalHub (TSX:VHI) is another TSX software stock that looks attractive for the long run. It provides crucial software for the healthcare industry around the world. Its solutions help better manage patient flow, improve patient outcomes, and unlock operational efficiencies and effectiveness. With many healthcare systems strained by limited budgets and high demand, the need for VitalHub's services should only expand. So far, smart acquisitions and organic demand have been fuelling strong growth. In the past three years, revenues have grown by a 39% compounded annual growth rate (CAGR). Earnings before interest, taxes, depreciation, and amortization (EBITDA) have grown by a 33% CAGR. After recent equity financings, the company has a cash-rich balance sheet. This TSX stock is positioned to continue its global acquisitions strategy in 2025. It is not a cheap stock. However, if it can continue its double-digit growth trajectory, it might not be overpriced at all. FirstService (TSX:FSV) has been a great compounder for years. However, the stock recently pulled back after year-end earnings were a bit disappointing. That may be a nice time to add because this stock is almost never a bargain. FirstService is a leading condo and apartment property manager across the United States and Canada. This provides a very stable, recurring stream of revenues and cash flows to the business. It has been taking that cash and re-investing into a mix of branded businesses focused on restoration, fire safety, painting, remodelling, and roofing. When I think about the rate and frequency of natural disasters increasing, it sets up long-term opportunities for FirstService' growing restoration business. With scale and an increasing mix of services, it can now take on substantial projects and cross sell its services as well. For a well-managed company with minimal tariff risk and room to keep growing in the U.S., this TSX stock could be a nice buy today. The post The Smartest TSX Stocks to Buy With $3,000 Right Now appeared first on The Motley Fool Canada. Before you buy stock in Constellation Software, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Constellation Software wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $18,750.10!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 35 percentage points since 2013*. See the Top Stocks * Returns as of 1/22/25 More reading 10 Stocks Every Canadian Should Own in 2024 [PREMIUM PICKS] It's Time to Buy: 1 Canadian Stock That Hasn't Been This Cheap in Years Where to Invest Your $7,000 TFSA Contribution 3 No-Brainer TSX Stocks to Buy With $300 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Robin Brown has positions in Constellation Software, and Vitalhub. The Motley Fool has positions in and recommends and Vitalhub. The Motley Fool recommends Constellation Software and FirstService. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
