Author: parklawncorp

Press Releases

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”).

PLC Continues to Expand Operations in Texas

Park Lawn Corporation is pleased to announce the purchase of Wayne Boze Funeral Home and Gateway Memorial Park, both located just outside Dallas in Waxahachie, Texas.

PLC Continues to Expand Operations in New Jersey & New York Area

Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that its New Jersey affiliated cemetery, Restland Memorial Park Association, has completed its purchase of 78 acres of land in the Township of Lafayette, New Jersey.

PLC Purchases Hansons Arbor Funeral Chapels & Crematorium in BC

Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced that is has completed the purchase of a multi-location funeral home business and a crematorium in the Okanagan Valley of British Columbia. The purchase continues PLC’s successful expansion into the BC market.

Park Lawn Corporation Announces Election of Directors

Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced that each of the eight nominees listed in its management information circular dated April 30, 2018 was elected as a director of PLC at the company’s Annual Meeting of Shareholders held on May 31, 2018.

Park Lawn Corporation Completes Acquisition of Signature Group

Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has completed the previously announced acquisition of all the outstanding membership interests of Signature Funeral and Cemetery Investments, LLC (“Signature” or “Signature Group”) for a purchase price of approximately US$123 million in cash, subject to customary working capital adjustments (the “Acquisition”).

Park Lawn Corporation Announces Successful Closing of Subscription Receipt Offering for Gross Proceeds of Approximately C$190 Million

Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has completed its previously announced offering of subscription receipts (the “Subscription Receipts”) with a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc., on a bought deal basis. A total of 7,745,250 Subscription Receipts (including Subscription Receipts issued pursuant to the exercise in full of the over-allotment option granted by the Company to the Underwriters) were issued at a price of C$24.50 per Subscription Receipt for total gross proceeds of C$189,758,625 (the “Offering”).

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