FirstService Expands Commercial Roofing Platform

Core Viewpoint - FirstService Corporation has announced the acquisition of Crowther Roofing and Cooling and Hamilton Roofing, enhancing its Roofing Corp of America (RCA) subsidiary's presence in the Florida market, which is a strategic growth priority for the company [4][8]. Company Overview - FirstService Corporation generates over US$4.4 billion in annual revenues and employs approximately 30,000 people across North America [2]. - The company is publicly traded on NASDAQ and the Toronto Stock Exchange under the symbol "FSV" and is included in the S&P/TSX 60 index [2]. - FirstService operates through two main service platforms: FirstService Residential and FirstService Brands, focusing on property services [11]. Acquisition Details - The acquisitions of Crowther and Hamilton are expected to collectively add more than $150 million in annual revenues to RCA [4]. - Both Crowther and Hamilton will maintain their existing management teams, who have retained minority equity interests and will oversee day-to-day operations [4][10]. - Crowther is recognized as the leading roofing services provider in Southwest Florida, with a focus on the commercial market and additional HVAC maintenance services [10]. Market Context - Florida is identified as one of the largest roofing markets in North America, making it a strategic growth area for FirstService [8].