FirstService Residential Acquires K.A. Diehl

Residential property management leader strengthens market leadership in New Jersey, Pennsylvania, and the Carolinas

Eatontown, NJ, March 15, 2016 – FirstService Residential, the leading property management company in North America, announced it has acquired K.A. Diehl, a leading community association management company providing services in New Jersey, Pennsylvania and South Carolina. Terms of the transaction were not disclosed.

Established in 2002, K.A. Diehl currently manages over 125 associations, representing 23,500 homes in Pennsylvania, New Jersey, North Carolina, and South Carolina.  The company is headed by CEO Jack Boselli, who will continue to be an intricate part of day-to-day operations for FirstService Residential as a senior executive in the Mid-Atlantic region.

“Strengthening our position in the Mid-Atlantic region was a strategic priority for us and helps reinforce our market leading presence throughout North America,” said Chuck Fallon, CEO of FirstService Residential. “We are very excited to have K.A. Diehl join the FirstService Residential family and look forward to working closely with Jack and his team to add increasing value to the residents of South Carolina.”

“We are excited about the opportunity to continue to build on our strengths and local market leadership by leveraging FirstService Residential’s extensive global resources and value-added services,” said Boselli. “We are confident that our new relationship will result in significant benefits for the community associations and clients we serve.”
 
About FirstService Residential
FirstService Residential is North America's largest manager of residential communities and the preferred partner of HOAs, community associations and strata corporations in the U.S. and Canada.  FirstService Residential's managed communities include low-, mid- and high-rise condominiums and cooperatives, single-family homes, master-planned, lifestyle and active adult communities, and rental and commercial properties.

With an unmatched combination of deep industry experience, local market expertise and personalized attention, FirstService Residential delivers proven solutions and exceptional service that add value, enhance lifestyles and make a difference, every day, for every resident and community it manages.  FirstService Residential is a subsidiary of FirstService Corporation, a North American leader in the property services sector. For more information, visit www.fsresidential.com.

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