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FirstService's Subsidiary Century Fire Protection Acquires GSC Fire & Security and Titan Fire Protection

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FirstService's (FSV.TO, FSV) subsidiary, Century Fire Protection, has recently acquired GSC Fire & Security and Titan Fire Protection, both based in the United States, said the company Thursday.

The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations, said the company.

Terms of the two transactions were not disclosed.

GSC provides fire alarm installation and fire alarm and sprinkler inspection, repair and monitoring services to multi-family residential and commercial clients in the Austin and San Antonio metropolitan areas and surrounding regions within Texas, stated the company.

Titan is a "leading provider" of fire sprinkler installation and retrofit services to a broad range of commercial and institutional end markets, including healthcare facilities, storage facilities, schools and multi-family properties in the Tampa metropolitan area and across Central Florida, added the company.

"These additions further advance Century's strategy of enhancing our scale and broadening our service capabilities and geographic footprint across our operations," said Richard Deeb, Chief Executive Officer of Century. "The acquisitions of GSC and Titan bolster our presence in the fast-growing U.S. Sun Belt region. We are excited to be partnering with the leaders of both businesses to deepen our fire sprinkler and alarm capabilities and drive further growth in these markets."

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