Interstate Restoration Acquires Canada’s Largest Independent Disaster Restoration Company, FirstOnSite Restoration
Interstate Restoration has solidified its position as a continental leader in the disaster recovery industry by finalizing the previously announced deal to acquire all the assets of FirstOnSite Restoration. The deal, which closed June 1, 2016, gives customers of Interstate and FirstOnSite Restoration full access to the most robust combination of personnel and equipment designed to help businesses and other organizations rebuild from hurricanes, floods, fires and other disasters on any scale.
Please see our press release below for more information:
Acquisition by Interstate Restoration Creates Industry Giant
Deal complete; combined assets of U.S.-Canadian companies rank second in continent
FT. WORTH, Texas (June 1, 2016) – Interstate Restoration LLC, already a U.S. leader in disaster recovery efforts on a commercial scale, has climbed the ranks in continental stature by completing the acquisition of FirstOnSite Restoration G.P. Inc. in Canada.
As a result of the transaction, Interstate Restoration becomes a company of $300 million annual revenues, with nearly 1,250 employees operating in both countries. Both benchmarks establish Ft. Worth-based Interstate Restoration as the second largest independent company in its industry.
“More than our sheer size, our quality of service and our reputation for responsiveness in disaster situations have determined Interstate Restoration’s success,” said Stacy Mazur, CEO of Interstate Restoration. “But our growth is an indication of how positively our clients have responded to us over the years, and it gives us greater resources to address clients’ needs on an even greater scale. By combining FirstOnSite and Interstate Restoration, we will significantly improve our ability to deliver to our clients uninterrupted, best-in-class restoration and reconstruction services.”
Terms of the transaction were not disclosed.
FirstOnSite Restoration is Canada’s largest independent disaster restoration services provider, with 35 branches across the country. FirstOnSite Restoration will continue to operate under the FirstOnSite name, and will remain headquartered in its current Mississauga, Ontario location.
“We are extremely pleased with the completion of the sale, and with the enormous benefits it will bring to both companies moving forward,” said Dave Demos, Chief Executive Officer, FirstOnSite Restoration. “We can now focus on organizing our complementary capacities, and bringing the best restoration services on the continent to our customers on both sides of the border.”
Demos will continue to lead FirstOnSite Restoration in Canada.
In an immediate example of the robustness of the new organization, Interstate Restoration has already sent equipment, fleet and personnel from the U.S. to join FirstOnSite Restoration in its efforts to respond to the fire-ravaged area of Fort McMurray.
About Interstate Restoration
Founded in 1998, Interstate Restoration, LLC, headquartered in Ft. Worth, Texas, is one of the largest emergency restoration and reconstruction service providers for commercial enterprises in the United States. Interstate Restoration specializes in assisting property owners and businesses in recovering from fire, flood, natural and human-caused disasters. With 19 regional offices in the U.S., Interstate Restoration has the scalability to respond to any-sized catastrophe and help people get back to business and back to life quickly and safely. For more information, visit www.interstaterestoration.com, call 800-622-6433 or follow us on Twitter at @InterstateRest.
FirstOnSite Restoration L.P. is the leading independent Canadian disaster restoration services provider, providing remediation, restoration and reconstruction services nationwide, and for the U.S. large loss and commercial market.
FirstOnSite's organizational structure is distinguished within the industry as it provides degrees of speed, scope and scale, including abilities to embrace innovations and technologies that help meet the unique needs of its customers. With approximately 1,000 employees, 35 locations, 24/7 emergency service and a commitment to customer service, FirstOnSite proudly serves the residential, commercial and industrial sectors. FirstOnSite has been a recipient of the Deloitte Best Managed Company award since 2012, and is an approved vendor for many leading insurance companies and commercial clients. For more information visit: www.firstonsite.ca or call 1.877.778. 6731, and follow @firstonsite on Twitter at www.twitter.com/firstonsite.
In the U.S., for Interstate Restoration: Steve Caulk, 303-410-4971, firstname.lastname@example.org
In Canada, for FirstOnSite: Colin Nekolaichuk, 416-640-5525 ext. 253, email@example.com