Topic: How To Invest

The Successful Investor Hotline – Friday, April 25, 2025

Article Excerpt

FIRSTSERVICE CORP., $236.83, Toronto symbol FSV, is your #1 Aggressive Buy for 2025. The company has two main businesses: FirstService Residential provides property management services, such as collecting monthly condominium maintenance fees, preparing financial statements, and providing on-site security and property cleaning/maintenance services; and FirstService Brands offers a wide variety of property management services through several franchised businesses, including Paul Davis Restoration, CertaPro Painters, California Closets, Post Home Inspectors, Floor Coverings International and College Pro Painters. FirstService operates in a highly fragmented industry, so it tends to fuel its growth with acquisitions. It cuts the risk of this strategy by focusing on smaller businesses that expand its market share and geographic reach. As well, many of the former owners continue to run their businesses. That lets FirstService utilize their local knowledge and expertise. In the first quarter of 2025, FirstService spent $8.6 million on acquisitions of smaller firms (all amounts except share price in U.S. dollars). Those new businesses helped lift its revenue in…