May 23 (Reuters) - FirstService Corp FSV.TO :
* FIRSTSERVICE TO ACQUIRE GLOBAL RESTORATION HOLDINGS
* FIRSTSERVICE CORP - DEAL FOR A PURCHASE PRICE OF $505 MILLION.
* FIRSTSERVICE CORP - UNDER TERMS OF TRANSACTION, FIRSTSERVICE WILL ACQUIRE 95% OF COMPANY FOR A PURCHASE PRICE OF $505 MILLION
* FIRSTSERVICE CORP - PURCHASE PRICE WILL BE FUNDED THROUGH A COMBINATION OF CASH ON HAND AND FULLY COMMITTED DEBT FINANCING
* FIRSTSERVICE CORP - PURCHASE PRICE WILL BE FUNDED THROUGH A COMBINATION OF CASH ON HAND AND FULLY COMMITTED DEBT FINANCING.
* FIRSTSERVICE - GLOBAL RESTORATION'S SENIOR MANAGEMENT TEAM, INCLUDING JEFF JOHNSON, STACY MAZUR & DAVE DEMOS, WILL CONTINUE TO LEAD DAY-TO-DAY OPERATIONS
* FIRSTSERVICE CORP - FOR FISCAL YEAR ENDED DECEMBER 31, 2018, GLOBAL RESTORATION GENERATED REVENUES OF $436 MILLION AND OPERATING INCOME OF $40 MILLION