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FirstService Corp Completes Sale of Field Asset Services to Assurant Inc


Tuesday, 1 Oct 2013 07:00am EDT 

FirstService Corp announced that it has completed the sale of its Field Asset Services business to Assurant, Inc. Under the terms of the deal, Assurant has acquired 100% of the equity of FAS from FirstService for $55 million in cash. Proceeds from the sale, combined with existing financial resources, will provide FirstService with more than USD200 million of capital for future growth. 

Company Quote

65.35
0.81 +1.25%
2:35pm EDT