FirstService adds a niche

Article Excerpt

FIRSTSERVICE CORP. $55.15 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.6 million; Market cap: $2.0 billion; Dividend yield: 1.1%) has bought Century Fire Protection, one of the largest full-service fire protection companies in the Southeastern U.S. Century installs, maintains and repairs the fire protection systems that it creates for commercial and residential clients. It employs 600 workers, operating from 12 offices throughout Georgia, Alabama, North Carolina, South Carolina, Tennessee and Texas. FirstService will be able to sell Century’s services to its existing property management clients. FirstService is a hold. hold…