Abbott Enterprises, Inc. Changes Name to FirstService Residential

Name Change Part of North American Rebranding Effort Highlighting National Reach and Personalized Local Service
 
CHARLOTTE, NC (June 27, 2013) – The corporate headquarters of FirstService Residential has announced that its subsidiary, Abbott Enterprises, Inc., has been renamed FirstService Residential. This name change is part of FirstService Residential’s national rebranding effort, which took effect on June 27, 2013.
 
FirstService Residential is the largest manager of residential communities in North America, overseeing more than 6,000 properties and over1.5 million residential units. 
 
The former Abbott Enterprises, Inc., an established leader in the North and South Carolina residential property management markets, manages a client portfolio of more than 75 community associations. It became a subsidiary of FirstService Residential in 2011.
 
“The success of our local operation, including how we service our clients, has benefited significantly from our longstanding partnership with FirstService Residential,” said Dennis Abbott, formerly CEO of Abbot Enterprises and now president of FirstService Residential Carolinas. 
 
“This rebranding provides us with the opportunity to offer even more value to our clients through increased brand recognition, enhanced sharing of best practices, and the ability to leverage our national real estate management platform.” 
 
Added Michael Mendillo, president of FirstService Residential’s Mid-Atlantic/Carolinas region, “A major differentiator for FirstService Residential is our unique ability to pair the strength of our vast corporate resources with the skillful personal touch, local leadership and deep market expertise of our property management companies across North America.”
 
Abbott also noted that the rebranding to FirstService Residential signifies a change in company name only, and all day-to-day operations will remain “business as usual.” Current property management teams will remain in place to service their existing customers, with added benefits gained from access to an expanded core of resources, combined purchasing power and shared expertise and best practices.
 
For more information on the rebranding in the North and South Carolina markets, visit www.fsresidential.com.
 
About FirstService Residential
FirstService Residential is a subsidiary of FirstService Corporation, a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. As the largest residential property manager in North America, FirstService Residential oversees more than 6,000 properties and
1.5 million residential units across 19 U.S. states and three provinces in Canada. The company has more than 12,000 employees driving local market expertise and managing in excess of $6 billion in budgets. For more information, visit www.fsresidential.com.
 
About FirstService Corporation
FirstService Corporation is a global leader in the rapidly growing real estate services sector. As one of the largest property managers in the world, FirstService manages more than 2.3 billion square feet of residential and commercial properties through its three industry-leading service platforms: Colliers International, one of the top global players in commercial real estate; FirstService Residential, the largest manager of residential communities in North America; and Property Services, a leading North American provider of essential property services delivered through company-owned operations, franchise systems and contractor networks.
 
FirstService generates over US$2.3 billion in annual revenues and has more than 23,000 employees worldwide. More information about FirstService is available at www.firstservice.com.
 
MEDIA CONTACTS:
Patricia Lausier / pat.lausier@fsresidential.com / 704-227-0888
Sasha Blaney / sasha.blaney@rbbpr.com / 305-567-0821

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