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FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that its subsidiary, Roofing Corp of America ("RCA"), has acquired Springer-Peterson Roofing & Sheet Metal ("Springer-Peterson") and A-1 All American Roofing Co. ("A-1 All American"). These two tuck-under acquisitions further enhance RCA's presence in key markets within the U.S. Sun Belt region. The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations. Terms of the two transactions were not disclosed.
Founded in 1982 with its head office in Lakeland, Florida, Springer-Peterson is the leading provider of roofing installation and repair services to blue chip commercial customers and local institutions across Central Florida. This transaction builds upon our existing strong leadership position in the Southwest region of the state.
Headquartered in San Diego, California and established in 1996, A-1 All American is a commercial roofing contractor serving a broad range of customers including homeowner associations, hotels, property managers and building consultants. This addition further expands RCA's market-leading position along the coast of California.
Posted In: FSV
