FirstService Corporation (NASDAQ:FSV) ("FirstService") today announced that its subsidiary, Century Fire Protection ("Century"), has recently acquired GSC Fire & Security ("GSC") and Titan Fire Protection ("Titan"). 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.
GSC, founded in 2004 and based in Austin, Texas, provides fire alarm installation and fire alarm and sprinkler inspection, repair and monitoring services to multi-family residential and commercial clients in the Austin and San Antonio metropolitan areas and surrounding regions within Texas.
Established in 1997 and headquartered in Tampa, Florida, Titan is a leading provider of fire sprinkler installation and retrofit services to a broad range of commercial and institutional end markets, including healthcare facilities, storage facilities, schools and multi-family properties in the Tampa metropolitan area and across Central Florida.
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