TORONTO, Nov. 10, 2016 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV) (NASDAQ:FSV) ("FirstService") announced today that its subsidiary, Century Fire Protection ("Century"), has acquired Advanced Fire & Security ("Advanced"), one of the leading full-service fire protection companies in South Florida. Founded in 2001 and headquartered in Pompano Beach, Advanced provides end-to-end fire protection solutions including design, installation, maintenance, repair and inspection services for commercial, residential, industrial and institutional clients throughout the South Florida region. Eric and Laura Rode, Co-Founders of Advanced, will continue to lead the operations and retain minority equity interests as partners. Terms of the transaction were not disclosed. "Establishing a growth platform in Florida has been a strategic priority for us as we continue to strengthen our leadership position in the southeastern United States. The addition of Advanced, with its exceptional management team and leading presence in South Florida, aligns well with our long-term growth strategy to extend the geographic footprint and expand the service offering across our markets," said Scott Tutterow, CEO of Century. "Eric, Laura and their team share our passion for delivering service excellence and outstanding value to clients making them ideal partners for Century. We look forward to working closely with them to accelerate their growth in this key market." "All of us at Advanced are delighted to be joining Century and look forward to expanding our operations throughout the state," said Eric Rode, Co-Founder and President. "Century's intimate knowledge of the fire protection industry, deep resources and proven best practices will enhance our ability to scale our operations. We could not have found a better partner to take our business to the next level," he concluded. About FirstService CorporationFirstService 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 franchise systems and company-owned operations. FirstService generates more than $1.4 billion in annual revenues and has more than 17,000 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 Subordinate Voting Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV".
For the latest news from FirstService Corporation, visit FirstService.com.
COMPANY CONTACT:Jeremy RakusinCFOFirstService Corporation(416) 960-9500