Benzinga | Jan 11, 2022 07:32AM EST

FirstService Corporation's Subsidiary, Century Fire Protection, Acquires Chesapeake Sprinkler Company; No Terms Disclosed.

FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that its subsidiary, Century Fire Protection ("Century"), has recently acquired Chesapeake Sprinkler Company, Inc. ("Chesapeake"). Terms of the transaction were not disclosed.

Founded in 1978 and headquartered in Odenton, Maryland, Chesapeake is a market-leading full-service fire protection company serving the Baltimore and Washington, D.C. metropolitan areas and surrounding regions. The company provides installation, inspection, maintenance and testing services for fire sprinkler and alarm systems to a wide variety of corporate and government clients. Tim Anderson, CEO, and other members of the leadership team will continue to run day-to-day operations.

"This transaction fulfills a key priority to expand our geographic footprint within the Mid-Atlantic U.S. region," said Scott Tutterow, CEO of Century. "Chesapeake brings a strong service reputation, market-leading position and long-standing client relationships. We are excited to add their capabilities and expertise to drive further growth in our combined operations."