February 17, 2009

FirstOnSite Acquires Calgary Disaster Restoration Firm

Toronto based, FirstOnSite Restoration L.P. announced today that it has acquired Calgary-based Servpro Disaster Restoration, a Calgary based company with 44 years of experience as a restoration provider.

The acquisition is part of FirstOnSite's strategy of building Canada's leading national provider of disaster restoration services. Terms of the transaction were not disclosed.

Since early 2007, FirstOnSite has acquired operations in all Canadian provinces except Newfoundland. Including the original founding companies, this is FirstOnSite's 16th acquisition in less than three years and its second in Alberta in eight months.

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.

"With this acquisition we have established a significant presence in one of western Canada's most important cities," said Ian Milne, FirstOnSite's Chief Executive Officer. "FirstOnSite continues to grow its industry-leading national coverage and its ability to provide one-stop shopping for customers across the country."

Del Bryant, General Manager of Servpro, added, "This new relationship will allow us to grow the business by strengthening our relationship with insurance companies. Our reputation for excellent service will be further enhanced by FirstOnSite's commitment to quality."

The current Servpro management team will continue managing the day-to-day operations of the business.

FirstOnSite is a full service restoration provider with expertise in water losses, document restoration, wind damage, fire and smoke damage, sewer backup, hurricane and tornado restorations, odour control, contents handling, drying, electronic repairs, mould remediation, asbestos remediation, petroleum spills, infection control and general contracting. FirstOnSite is majority-owned by TorQuest Partners Inc. of Toronto.