Brief: Firstservice To Acquire Global Restoration Holdings

FirstService

23/05/2019 12:13

May 23 (Reuters) - FirstService Corp  FSV.TO :
    * FIRSTSERVICE TO ACQUIRE GLOBAL RESTORATION HOLDINGS
    * FIRSTSERVICE CORP - DEAL FOR A PURCHASE PRICE OF $505
MILLION.
    * FIRSTSERVICE CORP - UNDER TERMS OF TRANSACTION,
FIRSTSERVICE
WILL ACQUIRE 95% OF COMPANY FOR A PURCHASE PRICE OF $505 MILLION
    * FIRSTSERVICE CORP - PURCHASE PRICE WILL BE FUNDED THROUGH
A
COMBINATION OF CASH ON HAND AND FULLY COMMITTED DEBT FINANCING
    * FIRSTSERVICE CORP - PURCHASE PRICE WILL BE FUNDED THROUGH
A
COMBINATION OF CASH ON HAND AND FULLY COMMITTED DEBT FINANCING.
    * FIRSTSERVICE - GLOBAL RESTORATION'S SENIOR MANAGEMENT
TEAM,
INCLUDING JEFF JOHNSON, STACY MAZUR & DAVE DEMOS, WILL CONTINUE
TO LEAD DAY-TO-DAY OPERATIONS
    * FIRSTSERVICE CORP - FOR FISCAL YEAR ENDED DECEMBER 31,
2018,
GLOBAL RESTORATION GENERATED REVENUES OF $436 MILLION AND
OPERATING INCOME OF $40 MILLION

Source text for Eikon:  ID:nGNX3JHp53 
Further company coverage:  FSV.TO 

 (Reuters.Briefs@thomsonreuters.com)