Business
FirstService acquires Handyman Connection franchise system
FirstService acquires Handyman Connection franchise system.
About this update from Firstservice Corp
[{"type":"text","content":"\n\n\n\n\nNorth America's leading home repair and remodeling service provider\nenhances industry leading portfolio of consumer brands\n\nTORONTO, July 19 /CNW/ - FirstService Corporation (NASDAQ: FSRV; TSX:\nFSV) today announced that it has expanded its property improvement services\nplatform with the acquisition of North America's leading home repair and\nremodeling service franchiser, Handyman Connection. The terms of the\ntransaction were not disclosed.\nFounded in 1990 and based in Cincinnati, Ohio, Handyman Connection,\noperates more than 100 franchises in the United States and Canada, providing\nsmall to medium-sized home improvements, repairs and remodeling services to\nresidential customers. With more than $75 million in system wide sales in\n2005, Handyman Connection has consistently been ranked as the top handyman\nservices provider within the North American home improvement sector, which\ngenerates more than $200 billion in annual revenues. Handyman Connection\ndelivers its services through licensed and insured professional craftsman,\nwhich handle a variety of home projects including bath, basement and kitchen\nremodeling, garage finishing, carpentry, ceramic tile, drywall, electrical,\nplumbing and more. More information is available at:\nwww.handymanconnection.com\n\"Handyman Connection's experienced craftsman provide a full range of\nservices to homeowners who lack the time, tools or talent to tackle home\nrepairs and adds to our full suite of services to consumers,\" said Steven\nRogers, President and CEO of The Franchise Company. \"Handyman Connection's\nstrong reputation and industry leading business model is an excellent addition\nto our growing family of property service franchise systems and 1,800\nfranchise partners generating more than $1 billion in customer level revenues\neach year.\"\n\"FirstService has a proven track record of partnering with successful\nmanagement teams to help them take their business to new levels of\nperformance,\" said Jay Hennick, Founder and Chief Executive Officer of\nFirstService. \"Handyman Connection will benefit significantly from our\nextensive franchise expertise and well established operating model to\naccelerate their growth in the future. We intend to continue investing in\nwell-managed royalty generating property service franchise organizations in\nthis strong and gro...