Park Lawn Acquires Integrity Funeral Care
TORONTO, June 27, 2019 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that, effective June 25, 2019, it completed the purchase of the assets of Integrity Funeral Care, a funeral business located in Houston, Texas. “We are excited to expand our presence in Texas by adding a funeral home to complement our existing cemetery operations in the Houston market. This location will tuck-in to our Houston portfolio and is in line with PLC’s growth strategy,” stated Andrew Clark, Chairman and CEO of PLC. Highlights of the transaction include: • The purchase of Integrity Funeral Care, formerly owned and operated by David Peña, was funded with proceeds from PLC’s existing credit facility; • The purchase price multiple is within PLC’s