Mammoth Restoration Acquired by FirstService Corporation
Northern Edge, a specialist middle market sell-side advisory firm, is pleased to announce the recent sale of its client, Farris Enterprises Inc. (d.b.a. “Mammoth Restoration and Cleaning”) to FirstService Corporation.
Founded in 2006, Mammoth Restoration is a market leader in property damage restoration, offering emergency clean up, restoration, and repair services throughout the state of Ohio.
Mammoth Restoration’s full-service offerings, strong geographic presence, unmatched customer service, dynamic team, and excellent reputation made it a fundamentally attractive acquisition candidate.
Northern Edge’s compelling positioning of Mammoth and thorough identification and development of potential buyers combined to generate broad interest from large private and public firms across North America.
For Mammoth Restoration, the cultural fit with First Service was an important consideration and facilitated the completion of the transaction in an efficient and timely manner.
Northern Edge advised on the sale of Mammoth Restoration to Toronto-based FirstService, whose expansion in the US has been driven by acquisitions in property restoration, property management, home storage solutions, residential painting and cleaning, home inspection, and floor coverings.
FirstService, a publicly-traded company listed on the NASDAQ and Toronto exchanges, has annual revenue of approximately $2.0 billion and 34,000 employees across North America.
Northern Edge acted as the exclusive financial advisor to Mammoth Restoration on this transaction.
About FirstService Corporation
FirstService Corporation is a North American leader in the essential property services sector, serving its customers through two industry leading 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 to residential and commercial customers delivered through individually branded franchise systems and company-owned operations.
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