12:45 PM EDT, 09/18/2025 (MT Newswires) -- FirstService ( FSV ) this week said it had acquired two roofing companies, Springer-Peterson Roofing & Sheet Metal in Central Florida and A-1 All American Roofing Co. in California. Terms were not disclosed, but FSV generally pays ~7-9x EBITDA for small- to medium-sized roofing platforms, notes Sifel Canada analyst Daryl Young.

"Although the deals do not appear material in isolation, we are encouraged to see FSV allocating capital to the sector despite increasing competition for acquisitions from both private equity and strategic buyers, including the recent entry by TopBuild," Young writes.

The acquisitions are in strategically important markets and focused on commercial roofing.

FirstService ( FSV ) is rated Buy, with a US$225 price target.

Price: 280.75, Change: +1.38, Percent Change: +0.49