Category: Acquisitions

Press Releases

PLC Enters Virginia and Further Expands its Footprint in the Southeast

TORONTO, ONTARIO/July 7, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively, “Farris”), a group of businesses consisting of one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia.  The transaction is anticipated to close in early August 2022 following the receipt of regulatory approval.  “We are excited to continue our strategic growth in the southeast by entering into the Virginia market with the Farris businesses,” said J. Bradley Green, Chief Executive Officer of PLC.  Mr. Green continued, “Not only is Farris proximately located to

Park Lawn Completes Acquisition of Hudson Business

TORONTO, ONTARIO/June 6, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC” or “Park Lawn”) is pleased to announce that it has completed the previously announced acquisition of substantially all the assets of Hudson Funeral Home & Cremation Services (“Hudson”), a business consisting of one stand-alone funeral home located in Durham, North Carolina.  “For over 100 years, our family has remained deeply rooted in the traditions of the families we serve in the greater Durham area and surrounding communities.  We are excited to join an organization that aligns with our values and prioritizes the service of families above all else,” stated Tommy and Mary Hudson, former owners of Hudson. “The addition of Hudson complements Park Lawn’s existing North Carolina businesses

PLC Further Expands in North Carolina

TORONTO, ONTARIO/May 5, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Hudson Funeral Home & Cremation Services (“Hudson”), a business consisting of one stand-alone funeral home located in Durham, North Carolina.  The transaction is anticipated to close in early June 2022 following the receipt of regulatory approval.  “The addition of the Hudson business further expands PLC’s footprint in North Carolina and allows us to enter the high growth markets of Durham and Raleigh.  With over 100 years of dedicated service to its community, Hudson will be an excellent addition to our existing North Carolina businesses,” said J. Bradley Green,

Park Lawn Completes Acquisition of Chancellor Business

TORONTO, ONTARIO/April 18, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Chancellor Funeral Home and Garden of Memories (collectively “Chancellor”), a business consisting of one stand-alone funeral home and one combination funeral home and cemetery property located in Byram and Florence, Mississippi, respectively.  “We are excited to begin a new chapter with Park Lawn where we have joined an organization that supports our vision to remain a leader in our profession as well as a team dedicated to caring and providing excellent client service,” stated Bill Chancellor, former owner of Chancellor.   “Bill, Sandra and the Chancellor staff exemplify the mission

PLC Deepens Its Presence in Central Mississippi

TORONTO, ONTARIO/March 30, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Chancellor Funeral Home and Garden of Memories (collectively “Chancellor”), a business consisting of one stand-alone funeral home and one combination funeral home and cemetery property located in Byram and Florence, Mississippi, respectively.  The transaction is anticipated to close in April 2022 following the receipt of regulatory approval.  “The Chancellor businesses are pillars of their communities and their addition to our portfolio solidifies Park Lawn’s presence in and around the Jackson, Mississippi area. We are honored that the Chancellor’s long-time owners, Bill and Sandra, have chosen to become a

Park Lawn Corporation Completes Acquisition of Smith Businesses

Acquisition Expands Presence into Eastern Tennessee TORONTO, ON/ACCESSWIRE/ November 15, 2021 – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Smith Funeral & Cremation Service, Life & Legacy Cremation Center and Smith Event Centers, as well as Grandview Cemetery and Cremation by Grandview (collectively the “Smith” businesses), comprised of one funeral home, one combination funeral home and cemetery property and five event centers in Maryville, Tennessee. “For nearly 60 years, the Smith businesses have set out to honor the life and legacy of each and every family we serve through meaningful experiences. We are dedicated to professional excellence and are excited to join

Park Lawn Corporation Completes Acquisition of Pugh Funeral Homes and New Hope Memorial Gardens

TORONTO, October 25, 2021/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Pugh Funeral Homes and New Hope Memorial Gardens (collectively “Pugh”), a business consisting of five funeral homes and one cemetery located in central North Carolina.  “The Pugh businesses are pillars of their respective communities and strategically complement our existing North Carolina portfolio.  We are excited to have the Pugh businesses join the PLC family to carry on their reputational excellence for years to come,” stated J. Bradley Green, Chief Executive Officer of PLC. About Park Lawn Corporation: PLC provides goods and services associated with the disposition and memorialization of human

PLC Continues its Strategic Expansion

Reaffirming its Commitment to Growth in North Carolina and Tennessee TORONTO, October 14, 2021/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Pugh Funeral Homes and New Hope Memorial Gardens (collectively “Pugh”), a business consisting of five funeral homes and one cemetery located in central North Carolina.  The transaction is anticipated to close prior to the end of the month following the receipt of regulatory approval.  PLC is also excited to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Smith Funeral & Cremation Service, Life & Legacy Cremation Center and Smith Event

Park Lawn Corporation Finishes 2020 with Exceptional Financial Results, and Furthers its Commitment to Growth by Announcing Four New Acquisitions

TORONTO, ONTARIO (March 30, 2021) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2020.  PLC finished 2020 with a powerful performance in Q4, which included achieving significant growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITDA margin: “Despite the adversities posed by COVID-19, PLC finished the year with the strongest fourth quarter it has seen in its history. Not only did we see a tremendous financial performance with double-digit plus growth across the board, but we also witnessed how the integration of our legacy businesses brought the Company together as one cohesive operating unit.  The ability to persevere in 2020’s challenging environment

Park Lawn Corporation Acquires J.F. Floyd Mortuary, Crematory and Cemeteries

Acquisition of 4 funeral homes (3 on-sites), 9 cemeteries and 1 crematorium strengthens Park Lawn’s operational footprint in South Carolina TORONTO, November 2, 2020 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) is pleased to announce that it has acquired all of the outstanding stock of W.R. Floyd Corp. and Floyd Properties, Inc. and a majority of the assets of W.R. Floyd Services, Inc. GRAS, LLC, Piedmont Crematory, Inc. and Floyd’s Pet Cremation, LLC (collectively “J.F. Floyd”), a group of businesses located in Spartanburg and Charleston, South Carolina. “J.F. Floyd is a well-established business that aligns with Park Lawn’s growth strategy. The addition of these businesses strengthens PLC’s operational footprint in South Carolina and provides a platform

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