FirstService Acquires Field Asset Services

FirstService Corp. has expanded its property improvement services platform with the acquisition of an 80% interest in Field Asset Services, an Austin, Texas-based provider of property preservation, maintenance and repair services.

Field Asset Services processes more than 1,600 client requests weekly through its state-of-the-art information systems that enable clients to efficiently manage their portfolios of foreclosed properties. All maintenance and repair services are managed through a proprietary system that includes outsourcing field services to a national network of independent service contractors.

"FirstService, with its financial strength and proven operating model, will not only help us accelerate our growth, it will also provide our clients with the added credibility of partnering with a highly regarded and well capitalized public company," comments Dale McPherson, partner and CEO of Field Asset Services.


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