FirstOnSite Restoration L.P.’s Acquisition

FirstOnSite Restoration L. P. has acquired First General Services (Saskatchewan) Partnership and Calgary-based ServePro Disaster Restoration. Since early 2007, FirstOnSite has acquired operations in all Canadian provinces except Newfoundland. Including the original founding companies, this is FirstOnSite’s 15th and 16th acquisitions in less than three years. With the newly acquired operations, FirstOnSite now has more […]

July 31, 2009 | Last updated on October 1, 2024
1 min read

FirstOnSite Restoration L. P. has acquired First General Services (Saskatchewan) Partnership and Calgary-based ServePro Disaster Restoration.

Since early 2007, FirstOnSite has acquired operations in all Canadian provinces except Newfoundland. Including the original founding companies, this is FirstOnSite’s 15th and 16th acquisitions in less than three years.

With the newly acquired operations, FirstOnSite now has more than $200 million in annual revenue and more than 1,100 direct employees in 38 cities and towns across Canada.

FirstOnSite anticipates additional acquisitions as it continues to grow nationwide.

Beat the clock: Update on the national flood program

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Beat the clock: Update on the national flood program

Editor’s Note: This article has been updated to show remarks incorrectly attributed to IBC’s president and CEO Celyeste Power were actually the remarks of IBC chairman Christian Fournier. CU apologizes for the error.   Provincial politics and the timing of a federal election could possibly delay or derail the proposed national flood insurance program if […]

By David Gambrill | September 25, 2024

4 min read

Will reinsurance capacity be stable in Canada after record-breaking NatCat losses?

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Will reinsurance capacity be stable in Canada after record-breaking NatCat losses?

Though 2024’s reinsurance renewal season started off stable compared to 2023, this summer’s record-breaking insured losses from four major Nat Cats will undoubtedly see growth in Canadian carriers’ reinsurance demand. But reinsurance supply may not grow commensurately, experts tell Canadian Underwriter. Beyond Canada, global insured Cat losses could be the factor that makes or breaks […]

By Alyssa DiSabatino | September 23, 2024

2 min read

Will CrowdStrike event trigger a cyber hard market?

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Will CrowdStrike event trigger a cyber hard market?

July’s CrowdStrike flawed software update that affected an estimated 8.5 million Windows devices shouldn’t trigger the next cyber hard market or lead to significant rate increases, a cybersecurity expert said during a recent webinar. “I don’t think this one’s going to accelerate a hard market,” said James Burns, head of cyber strategy at CFC. “It […]

By Jason Contant | September 17, 2024

3 min read