FirstService Corporation

What FirstService Corporation does

FirstService Corporation is a North American provider of essential outsourced property services, headquartered in Toronto, Canada, and listed on both the NASDAQ and TSX under the ticker FSV. The company operates through two reportable platforms: FirstService Residential, the largest residential property manager in North America overseeing more than 9,000 communities (condominiums, cooperatives, homeowner associations, and master-planned communities); and FirstService Brands, a portfolio of specialty property service companies including Century Fire Protection, Roofing Corp of America, Paul Davis Restoration, CertaPro Painters, FIRST ONSITE, Floor Coverings International, California Closets, Pillar To Post, and The Amenity Collective. Revenue is generated predominantly through recurring management fees on long-tail community contracts and through project-based commercial and residential property services (roofing, fire protection, restoration, painting, flooring, closet design, home inspection, amenity management). Go-to-market combines direct B2B sales to property owners, HOA boards, and commercial property managers with a franchise network for consumer-facing brands; the company actively converts franchised territories into company-owned operations via tuck-under acquisitions with seller management rolling minority equity.

The business model is anchored in subscription-like recurring revenue from property management contracts and in project work driven by maintenance cycles, weather events, and discretionary home improvement spend. FirstService employs approximately 30,000 people across roughly 375 locations in the United States and Canada, achieving $5.5 billion in FY2025 revenues (5% year-over-year growth) and an 18% historical compound annual growth rate over 31 years as a public company. Capital allocation emphasizes disciplined tuck-under M&A (notably the $413 million acquisition of Roofing Corp of America in December 2023 and a series of 2025-2026 bolt-ons), supported by a $1.75 billion revolving credit facility extended in February 2026, alongside share repurchases under a Normal Course Issuer Bid authorizing buyback of up to 10% of public float.

Technology deployment is modest but emerging: FirstService Residential has begun using AI-driven productivity tools to manage labor costs and improve margins, delivering record first-quarter adjusted EBITDA margins of 8.4% in Q1 2026. The company is positioning for premiumization through a Forbes Travel Guide (ATELIER CX) partnership bringing hospitality-grade service standards to luxury residential properties. Customer relationships are highly distributed across thousands of small and mid-sized communities with no individually material customer concentration, supporting revenue predictability but limiting single-contract upside.

Name

FirstService Corporation

Legal name

FirstService Corporation

Website

https://firstservice.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

FirstService Corporation is a North American leader in outsourced property services, operating FirstService Residential (managing 9,000+ residential communities) and FirstService Brands (roofing, fire protection, restoration, painting, flooring, closets), generating ~$5.5B in revenue across the U.S. and Canada.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Technology or R&D

Revenue model

1. FirstService Residential: Property management services for residential communities including condominiums, HOAs, and master-planned communities. Generates recurring management fees.
2. FirstService Brands: Multiple service brands including roofing, fire protection, restoration, painting, flooring, and closet design. Includes both company-owned operations and franchise network.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

FirstService Corporation is a North American provider of essential outsourced property services operating through two platforms. FirstService Residential manages more than 9,000 residential communities including condominiums, HOAs, and master-planned communities, generating recurring management fees. FirstService Brands delivers specialty property services including commercial roofing (Roofing Corp of America), fire protection (Century Fire Protection), restoration (Paul Davis Restoration, FIRST ONSITE), painting (CertaPro Painters), flooring (Floor Coverings International), custom storage (California Closets), home inspection (Pillar To Post), and amenity management (The Amenity Collective).

Product overview

FirstService Corporation is a North American leader in essential outsourced property services operating through two main segments: FirstService Residential (property management) and FirstService Brands (specialty property services). The FirstService Residential segment manages over 9,000 residential communities across North America. The FirstService Brands segment comprises multiple service businesses including Century Fire Protection (fire protection services), Pillar To Post (home inspectors), Roofing Corp of America (commercial roofing), Paul Davis Restoration (property restoration), CertaPro Painters (residential painting), FIRST ONSITE (commercial restoration), Floor Coverings International (flooring), California Closets (custom storage), and The Amenity Collective (amenity management). The company generates approximately $5.5 billion in annual revenues and employs around 30,000 people across North America, operating through approximately 375 locations.

Differentiator

Problem solved

Functional benefit

Products and services

• FirstService Residential

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• Forbes Travel Guide (ATELIER CX)coreStrategic or Co-development Partner · 27 May 2026FirstService Residential collaborating with Forbes Travel Guide's consulting division ATELIER CX to develop hospitality-driven service program for luxury residential properties. Initiative brings world-class hospitality service standards to luxury residential living through staff training, consistency frameworks, and service execution protocols.
• GSC Fire & SecurityminorOthersAcquired by Century Fire Protection; management team retained minority equity interest and continues overseeing day-to-day operations in Austin, Texas market

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• JLL: Global real estate services firm that operates a property management business as part of a wider commercial real estate services portfolio, overlapping with FirstService's commercial property services.
• Cushman & Wakefield: Global commercial real estate services firm with property and facilities management offerings that overlap with FirstService's commercial property services portfolio.
• CBRE Group: Largest global commercial real estate services firm with property management services across multiple asset classes, comparable to FirstService at the broader real estate services level.

Direct peers

• Associa: One of the largest community association management companies in North America, directly competing with FirstService Residential for HOA, condo, and master-planned community management contracts.
• Greystar Real Estate Partners: Largest apartment property management firm in the US, providing residential property management services that overlap with FirstService's residential management portfolio at the multifamily scale.
• Lincoln Property Company: Diversified residential and commercial property management firm with comparable B2B property management services across multiple US markets.
• Neighborly: Franchised home services platform with similar brand portfolio model to FirstService Brands, operating multiple franchise systems across home services verticals.
• SERVPRO: Leading property restoration franchise network, directly comparable to Paul Davis Restoration and FIRST ONSITE for water, fire, and disaster restoration services.
• Belfor: Global property restoration company specializing in fire and water damage restoration, comparable to FIRST ONSITE and Paul Davis Restoration.
• Authority Brands: Franchised home services platform that owns and operates multiple service brands including plumbing, HVAC, and home repair; comparable to FirstService Brands' franchised home services portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FSRFlorida
• Facebookfacebook.com/FirstServiceResidentialFlorida
• LinkedInlinkedin.com/company/firstservice

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries19 records

Funding overview

Funding rounds1 record

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A40 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FirstService Corporation