FirstService Corp

📍 Toronto, Canada🗓 Founded 1989👥 76 employees💰 Last funded Jul 2022

FirstService Corporation is a North American leader in the essential property services sector serving its customers through two industry leading platforms: FirstService Residential - North Americas largest manager of residential communities; FirstService Brands - one of North Americas largest providers of essential property services to residential and commercial customers delivered through individually branded franchise systems and company-owned operations. FirstService Residential and FirstService Brands both rely on the same operational foundations for success: - Proven business models and core competencies in managing and growing market-leading outsourced property services businesses; - Focus on service excellence and leveraging our significant scale advantages and differentiators to benefit our clients; - Leadership positions with well-recognized brands and modest market shares in very large, fragmented markets providing significant growth opportunities; - Disciplined tuck-under acquisition program ensuring strong returns on invested capital; and - Partnership philosophy aligning business leaders with shareholders to add long-term value FirstService Corporations compelling track record of financial performance includes: - Highly predictable and recurring contractual revenue; - Strong free cash flow with modest capital expenditures; - Conservative balance sheet; - Consistent dividend increases (five 10%+ increases in five years since spin-off; cumulative 65% increase); and - Future growth target of 10%+ compounded annual revenue growth FirstService generates US$2.4 billion in annual revenues and has approximately 24,000 employees across North America

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1989

Founded