$ 163.27
Company History
Creating value one step at a time since 1989
We are a company with a rich entrepreneurial history. Our story began when our Founder and Chairman, Jay Hennick, launched a commercial swimming pool and recreational facility management business as a teenager in 1972. His early success led him to acquire other property services companies, which formed the basis for FirstService Corporation.
FirstService became a publicly traded company in 1993 via an initial public offering on The Toronto Stock Exchange in 1993 and subsequently listed on the NASDAQ Exchange in 1995. On June 1, 2015, the businesses currently owned by FirstService today were separated from Colliers International via a spin-off transaction and FirstService became a new, independent company publicly traded on the TSX and NASDAQ.
Over the past 32 years we have developed and refined our unique approach to grow our operations through both internal growth and acquisitions.
Key milestones in the development and growth of FirstService include:
Jay Hennick established FirstService with a Toronto-based swimming pool management company
FirstService acquired College Pro Painters franchise system and established FirstService Brands
Scott Patterson joined FirstService as Vice President, Corporate Development and soon thereafter became Chief Financial Officer
FirstService established FirstService Residential platform by acquiring two Florida-based property management firms, with follow-on acquisitions in the New York City and Northeast U.S. regions shortly thereafter
FirstService Brands acquired Paul Davis Restoration franchise system
FirstService Financial was established as part of the FirstService Residential platform
FirstService Brands acquired California Closets franchise system
FirstService Brands exceeded 1,000 franchises
FirstService Brands exceeded $1 billion in system-wide sales
FirstService adopted Net Promoter System (NPS) across all of its businesses
FS Energy was launched to add to FirstService Residential's comprehensive services
FirstService Residential expanded into Canada
Charles E. Chase was promoted to President and Chief Executive Officer of FirstService Brands
Charles M. Fallon was named Chief Executive Officer of FirstService Residential
FirstService Residential rebrands 18 property management companies under the FirstService Residential name
California Closets formalized its strategy to establish a platform of company-owned operations
California Closets opened its Western Manufacturing Center in Phoenix, Arizona
Paul Davis Restoration launched its company-owned strategy and acquired its first
FirstService acquired Century Fire Protection
California Closets opened its Eastern Manufacturing Center in Grand Rapids, Michigan
FirstService Brands exceeded $2 billion in system-wide sales
FirstService acquired Global Restoration Holdings
FirstService eliminated dual class voting structure as part of settlement of long-term incentive arrangement with its Founder and Chairman
Global Restoration re-branded to FIRST ONSITE