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Park Lawn Corporation Releases Q1 2019 Results
Strong operating results in a busy quarter translate to solid per share growth
TORONTO, ONTARIO – (May 14, 2019) Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its first quarter results for 2019 (“Q1 2019“).
Park Lawn Corporation to Acquire Horan & McConaty Funeral Services, Inc. and The Baue Funeral Home Co.
Significantly increases footprint and presence in the attractive U.S. markets of Missouri and Colorado
Park Lawn Corporation is pleased to announce that it has entered into definitive agreements to acquire all of the outstanding stock and membership interests of two U.S. businesses: Horan & McConaty Funeral Services, Inc. ("Horan") and The Baue Funeral Home Co. ("Baue"), for an aggregate total purchase price of approximately US$101.5 million in cash, subject to customary working capital adjustments.
Park Lawn Corporation Acquires John L. Ziegenhein & Sons Undertakers Inc.
Expands operations in Missouri with acquisition of two funeral homes
Park Lawn Corporation is pleased to announce that it has acquired substantially all the outstanding assets of John L. Ziegenhein & Sons Undertakers Inc. (“Ziegenhein Funeral Homes”), a two- location funeral business in St. Louis, Missouri for a purchase price of approximately US$4.2 million.
Listen to the Q1 2019 Earnings Call:
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.
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