SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
TORONTO, Aug. 31, 2017 -- FirstService Corporation (TSX:FSV) and (NASDAQ:FSV) (“FirstService”) announced today that it has further expanded its California Closets company-owned operations with the acquisition of its Atlanta franchise. Following this transaction, California Closets now has 15 company-owned operations among its 80 total franchised territories. Terms of the transaction were not disclosed.
“The addition of Atlanta represents another important step in executing our strategy of acquiring California Closets franchises in certain key markets,” said Charlie Chase, President & CEO of FirstService Brands. “This operation enhances our company-owned footprint in the eastern U.S. and will provide us with additional future volume and capacity utilization when we shift production to our recently opened eastern manufacturing center in Grand Rapids, Michigan.”
“We are delighted to add the attractive Atlanta territory, which encompasses a Top 10 metro area within the U.S., to our company-owned platform,” said Bill Barton, President & CEO of California Closets. “We see significant potential to capitalize on our industry-leading brand and accelerate growth in this market,” he concluded.
ABOUT FIRSTSERVICE CORPORATION
FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.
FirstService generates more than US$1.5 billion in annual revenues and has more than 17,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Subordinate Voting Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV".
For the latest news from FirstService Corporation, visit FirstService.com.
COMPANY CONTACTS: Jeremy Rakusin CFO FirstService Corporation (416) 960-9500
