Category: Press Releases

Press Releases

Park Lawn Q2 2019 Financial Results Released on Monday, August 12, 2019 and Earnings Conference Call on Tueday, August 13, 2019 at 9:30 AM EST

TORONTO, ONTARIO – (August 2, 2019) – Park Lawn Corporation (TSX: PLC) (“PLC”) announced today that it will release its Q2 financial results for 2019 on Monday August 12, 2019. PLC will host a conference call at 9:30 am (EST) on Tuesday August 13, 2019 to discuss its Q2 2019 financial results. Details of the conference call are as follows: Date: Tuesday, August 13, 2019   Time: 9:30am EST   Dial-in Number: Local (647) 427-7450 | Toll Free (888) 231-8191 | Conference ID: 3658707 To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products

Park Lawn Corporation Completes Acquisition of Horan & McConaty Funeral Services, LLC

TORONTO, July 2, 2019 /CNW/ – 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 equity of Horan & McConaty Funeral Services (“Horan”). Horan, formerly owned by John Horan, operates two cemeteries and eleven funeral homes (including two on sites) in the high growth Denver Metropolitan Area. “The acquisition of Horan is a unique and extremely exciting opportunity for Park Lawn. Horan is a preeminent funeral home and cemetery business in the U.S., which has served the Denver area for generations. I am delighted that John Horan and his team are joining PLC and will remain involved in the business,” said Andrew Clark, Chairman

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

Park Lawn Corporation Completes Acquisition of The Baue Funeral Home Co.

Significantly increases footprint and presence in Missouri TORONTO, June 4, 2019 /CNW/ – 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 stock and membership interests of The Baue Funeral Home Co. (“Baue”). “The acquisition of Baue is a unique and extremely exciting opportunity for Park Lawn. Baue is a preeminent funeral home and cemetery business in the U.S., serving its community for generations. I am delighted that Lisa Baue and her team are joining PLC and will remain involved in the business,” said Andrew Clark, Chairman & Chief Executive Officer of PLC. About Park Lawn Corporation PLC provides goods and services associated with the

Park Lawn Corporation Releases Q1 2019 Results

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“).

Park Lawn Corporation to Acquire Horan & McConaty Funeral Services, Inc. and The Baue Funeral Home Co.

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

Park Lawn Corporation Acquires John L. Ziegenhein & Sons Undertakers Inc.

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 Announces Successful Closing of Common Share Offering for Gross Proceeds of Over C$143 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

Park Lawn Corporation Announces $125 Million Bought Deal Offering and Successful Completion of Cress Funeral Service Acquisition

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

PLC Finishes 2018 with Strong Year-Over-Year Growth

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.

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