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Prospect News home > News index > List of issuers F > Headlines for FirstService Corp. > News item
Published on 5/23/2019 in the Prospect News Bank Loan Daily.

FirstService to use debt financing for Global Restoration purchase

By Sarah Lizee

Olympia, Wash., May 23 – FirstService Corp. plans on using fully committed debt financing and cash to fund its acquisition of Global Restoration Holdings, LLC, according to a press release.

FirstService said that it will acquire 95% of Global Restoration for a purchase price of $505 million.

Closing is expected for mid-year and is subject to customary closing conditions, including regulatory approvals.

Toronto-based FirstService is a property manager for residential and commercial properties. Global Restoration is a Fort Worth-based commercial and large loss property restoration firm.


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