Category: Press Releases

Press Releases

Park Lawn Corporation Announces Completion of Midwest Memorial Group Acquisition

Park Lawn Corporation (TSXV:PLC) (“Park Lawn” or the “Company”) is pleased to announce that it has completed its previously announced acquisition (the “Acquisition”) of all of the outstanding membership interests of Midwest Memorial Group, LLC (“MMG”) for a purchase price of approximately US$16 million in cash, subject to customary working capital and other adjustments, plus an additional potential earn-out cash payment based on the future financial performance of MMG. With the closing of the Acquisition, the Company’s portfolio will include 26 owned cemeteries (including nine with crematoria) and two managed cemeteries, all located in the United States.