FirstService (FSRV) Declares $0.10 Quarterly Dividend; 0.7% Yield
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FirstService (FSRV) Makes Acquisitions in California, Texas
September 23, 2014 4:35 PM EDTFirstService Corp (Nasdaq: FSRV) announced that it has expanded its market-leading residential property management business in key California and Texas markets with the acquisitions of Euclid Management Company and Association Management Services, respectively. These transactions add more than 450 home-owner association properties and over 100,000 units to FirstService Residential's growing property management portfolio, which now totals approximately 7,000 properties comprising over 1.6 million residential units throughout North America. The two businesses generate annual revenues of approximately $15 million. Terms of the transactions were not disclosed.
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