FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) today announced that its subsidiary, Roofing Corp of America (“RCA”), has acquired Schefers Roofing (“Schefers”). The existing management team has retained a minority equity interest and will continue to oversee the day-to-day operations of the business. Terms of the transaction were not disclosed.
Headquartered in Kansas City, Missouri and founded in 1995, Schefers is a full-service commercial roofing contractor providing installation, restoration, preventative maintenance and leak repair services. The Company serves customers throughout Missouri, Northern Arkansas and the surrounding regions.
“The addition of Schefers expands RCA’s geographic footprint into the Kansas City market and further strengthens our presence in the Midwest U.S. region,” said Randy Korach, CEO of RCA. “We are pleased to add a highly respected market leader to our growing commercial roofing platform and welcome the entire Schefers team to our organization.
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 $5.5 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 www.firstservice.com.
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