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“).
TORONTO, May 8, 2019 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) 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. “The acquisitions of Horan and Baue are a unique and extremely exciting opportunity for Park Lawn. Horan and Baue are preeminent funeral home and cemetery businesses in two large metropolitan markets in the U.S., serving their respective communities for generations. I am delighted that both families will remain involved
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.
Park Lawn Corporation (TSX:PLC) is pleased to announce that it has completed its previously announced offering of common shares (“Common Shares”) with a syndicate of underwriters co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. (the “Co-Lead Underwriters”) and including Acumen Capital Finance Partners Limited, Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Paradigm Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and Scotia Capital Inc. (together with the Co-Lead Underwriters, the “Underwriters”), on a bought deal basis. A total of 5,605,100 Common Shares were issued at a price of $25.65 per Common Share for total gross proceeds of $143,770,815 (the “Offering”), which includes proceeds from the full exercise of
“While he has been at the helm of some of the leading companies in funeral service, Jay Dodds is also the person who grew up in a funeral home and has done – and can still do – almost every job in a funeral home and cemetery. He’s held some of the top management positions at Stewart Enterprises and Carriage Services, struck out on his own (with J. Bradley Green) to form The Signature Group, and later sold his company to Park Lawn Corporation. Becoming that company’s chief operating officer. Dodds shows no signs of slowing down. In fact, he’s taking on a new role… 2019-2020 president of the International Cemetery, Cremation and Funeral Association (ICCFA). We recently had a
Expands U.S. operations into Wisconsin with acquisition of 8 funeral homes and 2 crematoria TORONTO, ONTARIO (April 1, 2019) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. to issue 4,874,000 common shares (the “Common Shares”) at a price of $25.65 per Common Share, on a bought deal basis, for gross proceeds of approximately $125 million. (the “Offering”). The Company has also granted the Underwriters an option to purchase up to an additional 731,100 Common Shares on the same terms and conditions, exercisable at any time, in whole
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2018. The results show strong revenue growth, with a year-over-year increase of 84.9% and an increase of 95.2% for Q4, as compared to the same period in 2017. Net Earnings, attributable to PLC shareholders were $6,722,456 in 2018 compared to $4,196,814 in 2017. On a fully diluted per share basis, this represents $0.325 for 2018, as compared to $0.314 in 2017.
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.
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