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Century Fire Protection (TSX:FXV) acquires Chesapeake Sprinkler

Real Estate
TSX:FSV
11 January 2022 16:00 (EDT)

FirstService Corporation (FSV) subsidiary, Century Fire Protection, has acquired Chesapeake Sprinkler Company, Inc. 

Headquartered in Odenton, Maryland, Chesapeake is a market-leading full-service fire protection company serving the Baltimore and Washington, D.C. metropolitan areas and surrounding regions.

Chesapeake provides installation, inspection, maintenance and testing services for fire sprinkler and alarm systems to a wide variety of corporate and government clients.

Tim Anderson, CEO, and other members of the leadership team will continue to run day-to-day operations. “This transaction fulfills a key priority to expand our geographic footprint within the Mid-Atlantic U.S. region,” said Scott Tutterow, CEO of Century.

“Chesapeake brings a strong service reputation, market-leading position and long-standing client relationships. We are excited to add their capabilities and expertise to drive further growth in our combined operations.” added Tutterow.

FirstService Corporation is a leader in the property services sector, serving its customers through two industry-leading service platforms.

FirstService Corporation (FSV) is down 0.19 per cent , trading at C$218.16 at 3:43 pm EST.

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