Park Lawn Corporation to Acquire Cress Funeral Service, Inc.
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce the signing of a definitive agreement to acquire Cress Funeral Service, Inc. (“Cress Funeral Service”), an 8-location funeral business in Madison, Wisconsin, for US$20.3 million. Closing remains subject to regulatory approval which is expected in the second quarter of 2019.
PLC Makes Investment in Humphrey Funeral Home in Toronto
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce it has made a $6.2 million secured debt investment in Humphrey Funeral Home A. W. Miles - Newbigging Chapel Limited (“Humphrey Funeral Home” or “Humphrey”) in Toronto, Ontario. Humphrey Funeral Home is a prestigious operation that has been serving Toronto families for over 135 years.
Park Lawn Corporation Completes Acquisition of Citadel Management
Park Lawn Corporation is pleased to announce it has completed the previously announced acquisition of all the outstanding membership interests of Citadel Management LLC (“Citadel”) for a purchase price of approximately US$12.9 million in cash, subject to customary working capital adjustments (the “Acquisition”).
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