A subsidiary of FirstService Corporation has acquired a major insurance restoration company, adding 63 franchises across Canada.
FirstService Brands, the leading North American brand in property services, acquired Paul Davis Systems Canada on Monday,
“This acquisition unifies the Paul Davis Insurance Restoration brand across North America,” says Tim Robinson, CEO of Paul Davis Restoration. “We already enjoy a close and synergistic relationship with our Canadian operators, Ken and Steve Robinson, and have always been impressed by their strong management team and experienced and able group of franchisees.
“We look forward to working even more closely with them in the future as we continue to strive to enhance the value proposition for our insurance clients across the continent.”
Paul Davis Systems Canada provides mitigation, restoration, reconstruction and emergency services from Vancouver Island to Prince Edward Island. According to FirstService, both Ken and Steve Robinson will continue to lead the day-today operations of the Canadian business as CEO and COO, respectively.
“Our family has been involved with Paul Davis Restoration as its master franchise in Canada for two generations and we are absolutely thrilled to unite both organizations under one leadership team,” says Ken Robinson.
“This is great news for our clients and franchisees,” added Steve.
“They’ll receive the market’s broadest range of value-added programs, with enhanced service and support. Our customers — from the homeowner to the commercial property manager dealing with a large loss — will receive from our united company the care and exceptional customer experience Paul Davis is known for.”
The acquisition adds 63 franchises to Paul Davis Restoration’s North American business services platform, bringing the total number of franchises to 370.
Terms of the transaction were not disclosed.
