TORONTO, Aug. 7 /CNW/ - FirstOnSite Restoration L.P. announced today that
it has acquired Ezi-Way Cleaning Services Ltd. of Charlottetown, Prince Edward
Island and Ezi-Way Disaster Kleenup (Moncton) Ltd. of Moncton, New Brunswick.
The acquisitions are part of FirstOnSite's strategy of building Canada's
leading national provider of disaster restoration services. Terms of the
transactions were not disclosed.
Since early 2007 FirstOnSite has also acquired operations in Ontario,
Quebec, British Columbia, Manitoba and Nova Scotia. Including the newly
acquired operations, FirstOnSite now has more than $160 million in annual
revenue and more than 875 direct employees in 28 cities and towns across
Canada. FirstOnSite anticipates additional acquisitions as it continues to
"With this acquisition we have considerably strengthened our position in
the Maritimes," said Ian Milne, FirstOnSite's Chief Executive Officer.
"Ezi-Way Cleaning Services, which operates mainly in Charlottetown and
Summerside, and Ezi-Way Disaster Kleenup, which operates in the Moncton area,
will become part of our Atlantic Canada division based in Halifax."
Added Jodi Getson, General Manager of both Ezi-Way companies, "By joining
with FirstOnSite, we will share relationships and best practices with Canada's
only national emergency response and restoration Company. This, combined with
our longstanding commitment to quality, service and the highest business
standards, will be of great benefit to our residential and commercial property
customers as we move forward."
In their respective geographic areas, the current Ezi-Way management
teams will continue to manage the day-to-day disaster restoration businesses
and will form an integral part of the FirstOnSite Atlantic Regional management
team headed by Kevin Clarke. They will be responsible for organic growth in
PEI and New Brunswick and will have an active participation in further
acquisitions in these provinces.
FirstOnSite is a full service restoration provider with expertise in
water losses, document restoration, wind damage, fire and smoke damage, sewer
backup, hurricane and tornado restorations, odour control, contents handling,
drying, electronic repairs, mould remediation, asbestos remediation, petroleum
spills, infection control and general contracting. FirstOnSite is
majority-owned by TorQuest Partners Inc. of Toronto.
For further information:
For further information: Ian Milne, Chief Executive Officer, FirstOnSite
Restoration L.P., Tel: (416) 586-3536, www.firstonsite.ca; Alan Lever,
Principal, TorQuest Partners LLP, Tel: (416) 956-7017, www.torquest.com