FirstService Corporation
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.
- Company typePublic
- Founded1998
- HeadquartersToronto, Canada
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
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.
FirstService Corporation firmographics
Firmographics- 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
Where FirstService Corporation is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices6 records
Markets served
FirstService Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others, Technology or R&D
Revenue model
- FirstService Residential: Property management services for residential communities including condominiums, HOAs, and master-planned communities. Generates recurring management fees.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Quarterly cash dividend on common shares |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
FirstService Corporation product offering
Product offeringCore 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
Companies that use FirstService Corporation
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
FirstService Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature1 record
FirstService Corporation partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Forbes Travel Guide (ATELIER CX)coreFirstService 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 & SecurityminorAcquired 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
FirstService Corporation competitors and assessment
Company assessmentBroad 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
FirstService Corporation social profiles
Digital presenceFirstService Corporation compliance and trust
Trust signalCompliance2 records
FirstService Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
FirstService Corporation leadership team
Management profileNumber of profiles
Profiles8 records
FirstService Corporation subsidiaries and ownership
Company hierarchySubsidiaries19 records
FirstService Corporation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FirstService Corporation M&A and investment
M&A and investmentM&A40 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FirstService Corporation
What does FirstService Corporation do?
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).
Is FirstService Corporation a public or private company?
FirstService Corporation is a public company. It is classified as public and is currently operating.
When was FirstService Corporation founded?
FirstService Corporation was founded in 1998. It employs 5,001 to 10,000 people.
Where is FirstService Corporation based?
FirstService Corporation is headquartered in Toronto, Canada, in the North America region.
How does FirstService Corporation make money?
Two revenue lines are on record. FirstService Residential is the primary driver. The others are firstService Brands.
Who are FirstService Corporation's main competitors?
Broad incumbents on record are JLL, Cushman & Wakefield and CBRE Group. Direct peers are Associa, Greystar Real Estate Partners, Lincoln Property Company, Neighborly, SERVPRO, Belfor and Authority Brands.
Does FirstService Corporation have an API?
No public API is recorded for FirstService Corporation.