FirstOnSite, a Canadian disaster recovery company owned by TorQuest Partners, has acquired Spring Fresh Cleaning & Restoration Canada Inc. of Grande Prairie, Alberta and Airkem Damage Restoration Services of Sault Ste. Marie, Ontario. No financial terms were disclosed.
FirstOnSite Restoration L.P. announced today that it has acquired Spring Fresh Cleaning & Restoration Canada Inc. of Grande Prairie, Alberta and Airkem Damage Restoration Services of Sault Ste. Marie, Ontario. 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 acquired operations in Ontario, Quebec, British Columbia, Manitoba, New Brunswick, Prince Edward Island and Nova Scotia. Including the newly acquired operations, FirstOnSite now has more than $170 million in annual revenue and more than 1,000 direct employees in 31 cities and towns across Canada. FirstOnSite anticipates additional acquisitions as it continues to grow nationwide.
“These two acquisitions represent an important expansion of our geographic reach,” said Ian Milne, FirstOnSite’s Chief Executive Officer. “Spring Fresh gives us our first foothold in Alberta and Airkem Sault Ste. Marie expands our presence in Northern Ontario. This expansion further demonstrates our focus of creating a nationwide disaster restoration service business.” Asser Ghazouly, President of Spring Fresh, said, “FirstOnSite shares our commitment to quality, service and the highest business standards. As part of Canada’s only national emergency response and restoration company, we will be well positioned to provide even better service to our residential and commercial property customers.”
Added Jack Moore, President of Airkem Sault Ste. Marie, “By joining forces with FirstOnSite, we will enhance our capabilities, increase our growth potential, and create a stronger business, well-positioned to provide additional value to our customer base in Northern Ontario and to FirstOnSite as a whole.”
Spring Fresh, which also operates an office in Fort St. John, B.C., becomes part of the FirstOnSite Prairie Region. Airkem Sault Ste. Marie is being incorporated into the Northern Ontario Region based in Timmins, Ontario and led by President Shawn Fournier. In their respective geographic areas, the current Spring Fresh and Airkem Sault Ste. Marie management teams will continue to manage the day-to-day disaster restoration businesses and will form an integral part of their respective FirstOnSite regional operations.
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.