Maxons Restorations has been acquired by First Onsite

The founder of Maxons Restorations, Inc. (Maxons) has sold the company to First Onsite Property Restoration (First Onsite), a subsidiary of FirstService Corporation (TSX: FSV).

Based in New York City, Maxons provides restoration, mitigation and reconstruction services to the tri-state area, with a market leading position in New York City. Maxons works with commercial and residential customers to address property damage caused by fire, water, natural disasters, mold or contamination.

First Onsite, a subsidiary of FirstService Corporation (TSX: FSV), is one of the largest and most acquisitive emergency response planning, mitigation and reconstruction service providers in North America, with more than 2,200 team members and 80 branch locations throughout the USA, Canada and Puerto Rico. FirstService is a publicly traded company providing a diverse array of essential property services with a market cap of US$7 billion. The acquisition significantly expands First Onsite’s presence in New York, New Jersey, and Connecticut. Maxons has been a mainstay in the industry in the greater New York area since 1990, building a stellar reputation and extensive customer base.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Maxons Restorations, Inc. in this transaction.