FirstOnSite Restoration has completed its agreement to acquire JPL Disaster Recovery in Gatineau, Ottawa.
Founded in 1966, JPL is a full-service disaster restoration provider. The deal was first announced last May, and both companies entered into an agreement just last month. Terms of the transaction were not disclosed.
“FirstOnSite shares our values and business goals, making this the right decision for our organization,” commented JPL owner Earl Laforest.
Following the transaction, Laforest will serve as vice president of operations and acquisitions, Quebec and National Capital Region for FirstOnSite. In his new role, Laforest will work closely with executive vice president Barry J. Ross.
In 2016, FirstOnSite reached a definitive asset purchase agreement with the US-based Interstate Restoration. A previous release said that the combination of the two creates the second largest independent North American restoration and reconstruction services provider.
“FirstOnSite and Interstate have had a vision to be a global leader in the disaster restoration industry, and this acquisition represents another important milestone for our combined company,” said FirstOnSite CEO Dave Demos.
A release noted that FirstOnSite has opened branches in Quebec City, Ottawa and Ste-Agathe, QC in recent years. Together with its regional flagship branch in Montreal, the company now has a major presence in Quebec and the National Capital Region as a full-service commercial and residential restoration provider.