FirstService Corporation acquired Colodaro-based Global Restoration Services for $505m.

FirstService Corporation, a North American leader in the essential outsourced property services sector, acquired Colodaro-based Global Restoration Services, the second largest commercial and large loss property restoration firm in North America, for $505m. “Global Restoration is a significant transaction for FirstService, providing an excellent strategic fit and strong cultural alignment,” said Scott Patterson, CEO of FirstService. “With its scale, leading market position and operational excellence, the Company offers a unique opportunity to accelerate our growth in the massive property restoration industry. Global Restoration’s expertise is highly complementary to our Paul Davis franchise system, enhancing our ability to deliver seamless, full-service capabilities to every customer segment in the industry."