Park Lawn Corporation to Acquire Family Legacy, LLC and WG-TN, LLC
Strategically expands U.S. footprint into Tennessee
TORONTO, January 2, 2020/CNW/ - Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has entered into definitive agreements to acquire all of the outstanding stock and membership interests of Family Legacy, LLC (“Family Legacy”), a business with 13 locations operating in Nashville, Tennessee, as well as all of the outstanding membership interests in WG-TN, LLC (“Harpeth Hills”), a large combination business located in Nashville, Tennessee.
Park Lawn Corporation Announces Upsize to Credit Facility
CIBC Joins PLC's Banking Syndicate
TORONTO, ONTARIO--(November 25, 2019) - Park Lawn Corporation (TSX:PLC) (“PLC”) is pleased to announce an increase to its syndicated bank financing arrangement as well as the addition of CIBC to the syndicate led by National Bank of Canada and including Bank of Montreal, Bank of America and The Toronto-Dominion Bank.
Specialists in Memorialization, Cemetery and Funeral Services
Park Lawn Corporation (TSX: PLC) is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider and is the fastest growing company in the industry in North America. Since 2013 PLC has grown from 6 cemetery properties in Toronto, Ontario to a diverse portfolio of properties and businesses operating across Canada and the US.
With a dynamic leadership team and innovative approach to our operations, PLC has a strategic advantage over the more traditional players in a stagnant industry resistant to change. As the company continues its strong growth both organically and through acquisition, PLC is changing the way products and services are delivered and how customers engage with the marketplace.
2 St. Clair Ave. W. Suite 1300 (Floor 12A) Toronto, ONM4V 1L5 Tel: 1-416-231-1462