Toronto residential property manager FirstService, which spun off brokerage Colliers International into a separate public company in 2015, is paying $505 million in U.S. dollars to acquire a 95% stake in Global Restoration Holdings, one of the largest commercial and large loss property restoration firms in North America.
Toronto's FirstService Plans to Restore Revenue With Major Acquisition in Denver
Former Colliers Parent Buys 95% Stake in Restoration Holdings for $505 Million in US Dollars
By Garry Marr
CoStar News
May 24, 2019 | 2:28 P.M.
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IN THIS ARTICLE
- Properties
- Eleven Thirty Two
1140 Bay St, Toronto, ON
- Companies
- First Service Corporation
Real Estate
- Global Restoration Inc
Construction
- Contacts
- Jay Hennick
Global Chairman & Chief Executive Officer, Colliers