FirstService Corporation completed its previously announced acquisition of approximately 95% of Global Restoration Holdings, LLC, the second largest commercial and large loss property restoration firm in North America.
The Toronto-Dominion Bank acted as agent for a syndicate of financial institutions in connection with an amended and restated US$890,000,000 senior credit facility (including Canadian and U.S. tranches).
FirstService Corporation remains 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 $2 billion in annual revenues and has more than 22,000 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.
FirstService Corporation was represented by Fogler, Rubinoff with a team comprised of Elliott Vardin, John Temesvary, Stephen Bernofsky, Artem Miakichev, Jacqueline Morrison and Jennifer Humphrey and by Ferrante & Associates by a team comprised of Santino Ferrante and Catherine Conneely.