FirstService Corporation acquires Paul Davis Restoration and California Closets operations in key Midwest markets to expand company-owned services.
Quiver AI Summary
FirstService Corporation has announced the completion of two acquisitions that enhance its company-owned operations in the Paul Davis Restoration and California Closets business lines. The acquisition of the Paul Davis franchise in the Cleveland and Akron, Ohio markets will allow the company to provide mitigation, reconstruction, and mold remediation services while maintaining the existing leadership team. Additionally, California Closets has acquired franchised territories in Indianapolis, Indiana; Louisville and Lexington, Kentucky; and Cincinnati, Ohio, expanding its operations in these key markets. CEO Scott Patterson highlighted that these acquisitions support their strategy of selectively growing company-owned operations to capitalize on significant growth opportunities. FirstService Corporation is a leading provider in the property services sector, generating approximately $5.5 billion in annual revenues.
Potential Positives
- FirstService Corporation enhances its market presence through the strategic acquisition of Paul Davis Restoration's franchised operation in Ohio, expanding its ability to deliver mitigation and restoration services.
- The acquisition of California Closets' franchised territories in key midwestern cities opens new markets with significant growth potential, positioning the brand for future expansion.
- These acquisitions align with FirstService's strategy of selectively acquiring franchises, indicating a focus on long-term growth and increased operational control.
- FirstService Corporation continues to strengthen its leadership in the property services sector, with reported annual revenues of approximately $5.5 billion and a robust employee base of over 30,000 in North America.
Potential Negatives
- Terms of the acquisitions were not disclosed, which may raise concerns about the financial implications and valuation of the deals.
- The reliance on acquisitions to grow company-owned operations may indicate limited organic growth potential within existing markets.
- The need to expand through acquisitions might suggest that the company is facing increased competition or market saturation in its current operations.
FAQ
What companies did FirstService Corporation acquire?
FirstService Corporation acquired Paul Davis Restoration and California Closets operations in key Midwest U.S. markets.
Where are the acquired Paul Davis Restoration territories located?
The acquired territories for Paul Davis Restoration include the Cleveland and Akron markets in Ohio.
What regions did California Closets expand into?
California Closets expanded into Indianapolis, Indiana; Louisville and Lexington, Kentucky; and Cincinnati, Ohio.
What services does Paul Davis Restoration provide?
Paul Davis Restoration offers mitigation, contents, reconstruction, and mold remediation services to residential and commercial clients.
How does this acquisition benefit FirstService Corporation?
These acquisitions enhance FirstService's presence and growth potential in major North American markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FSV Revenue
$FSV had revenues of $1.4B in Q4 2025. This is an increase of 1.32% from the same period in the prior year.
You can track FSV financials on Quiver Quantitative's FSV stock page.
$FSV Congressional Stock Trading
Members of Congress have traded $FSV stock 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FSV stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 6 times. They made 6 purchases worth up to $125,000 on 03/27, 03/18, 02/17, 02/13, 02/10 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$FSV Hedge Fund Activity
We have seen 134 institutional investors add shares of $FSV stock to their portfolio, and 163 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MANUFACTURERS LIFE INSURANCE COMPANY, THE added 2,307,684 shares (+493.4%) to their portfolio in Q4 2025, for an estimated $358,914,092
- DURABLE CAPITAL PARTNERS LP removed 1,780,122 shares (-80.3%) from their portfolio in Q4 2025, for an estimated $276,862,374
- FIL LTD removed 1,000,338 shares (-64.4%) from their portfolio in Q4 2025, for an estimated $155,582,569
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 874,001 shares (-96.2%) from their portfolio in Q4 2025, for an estimated $135,933,375
- WELLINGTON MANAGEMENT GROUP LLP added 716,094 shares (+18366.1%) to their portfolio in Q4 2025, for an estimated $111,374,099
- JANUS HENDERSON GROUP PLC added 579,615 shares (+73.6%) to their portfolio in Q4 2025, for an estimated $90,147,520
- ORBIS ALLAN GRAY LTD added 530,489 shares (+36.5%) to their portfolio in Q4 2025, for an estimated $82,506,954
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FSV Analyst Ratings
Wall Street analysts have issued reports on $FSV in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- TD Securities issued a "Buy" rating on 11/05/2025
- CIBC issued a "Outperformer" rating on 10/24/2025
- Scotiabank issued a "Sector Outperform" rating on 10/24/2025
To track analyst ratings and price targets for $FSV, check out Quiver Quantitative's $FSV forecast page.
$FSV Price Targets
Multiple analysts have issued price targets for $FSV recently. We have seen 3 analysts offer price targets for $FSV in the last 6 months, with a median target of $211.0.
Here are some recent targets:
- Daryl Young from TD Securities set a target price of $211.0 on 11/05/2025
- Scott Fromson from CIBC set a target price of $216.0 on 10/24/2025
- Himanshu Gupta from Scotiabank set a target price of $205.0 on 10/24/2025
Full Release
Adds Paul Davis Restoration and California Closets Company-Owned Operations in Key Midwest U.S. Markets
TORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) today announced that it has completed two acquisitions which further add to the company-owned operations within its Paul Davis Restoration and California Closets business lines. Terms of the transactions were not disclosed.
Paul Davis Restoration recently expanded its company-owned platform with the acquisition of its franchised operation covering the Cleveland and Akron, Ohio markets. This business provides mitigation, contents, reconstruction and mold remediation services to residential property owners, as well as commercial and institutional accounts. The existing leadership team will retain an ownership interest and continue to run day-to-day operations across this Ohio region. This acquisition furthers our strategy of selectively acquiring franchises within our aggregate network of approximately 375 locations across North America.
California Closets acquired the franchised territories encompassing the metropolitan areas of Indianapolis, Indiana; Louisville and Lexington, Kentucky; and Cincinnati, Ohio. This acquisition further expands the owned operations of the California Closets brand into additional markets with significant future growth potential.
“We continue to advance our company-owned strategies at Paul Davis and California Closets as opportunities present themselves,” said Scott Patterson, CEO of FirstService. “These tuck-under acquisitions bolster our presence and ability to capitalize on the growth opportunities in major markets across North America,” he concluded.
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 approximately $5.5 billion in annual revenues and has more than 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 .
COMPANY CONTACTS:
Jeremy Rakusin
CFO
FirstService Corporation
(416) 960-9566
