One Park lawn
Memorialization, Cemetery, and Funeral Service Specialists
Park Lawn Corporation (TSX: PLC, PLC.U) is one of the largest publicly traded funeral, cremation and cemetery provider and is the fastest growing company in the profession in North America. Since 2013 PLC has grown from 6 cemetery properties in Toronto, Ontario to a diverse portfolio of properties and businesses operating across Canada and the US.
With a dynamic leadership team and innovative approach to operations, PLC has a strategic advantage over the more traditional players in an industry resistant to change. As the company continues its strong growth both organically and through acquisition, PLC is changing the way products and services are delivered and how customers engage with the marketplace.
The Princeton Abbey | Princeton, NJ
What We Do
A Lasting Partnership
Park Lawn confidently brings the industry’s best in a support center that provides our businesses the essentials in bringing their business to the next level. With access to Operations, Legal, Information Technology, Human Resources, Finance, Accounting, Sales and many other vital sectors, the partnership empowers the businesses to take on day-to-day functions with ease.
Mundell Funeral Home | Orillia, ON
Our Businesses
Trusted by the Best
Park Lawn Corporation currently operates in two Canadian provinces and seventeen U.S. states.
Investors
Company at a Glance
Listen to our earnings call, or explore the latest investor presentation, annual report, and quarterly results below for a comprehensive view of our company’s performance.
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Shackelford Funeral Directors | Henderson, TN
News
Recent Press Releases
Park Lawn Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Going Private Transaction
TORONTO, ONTARIO – July 8, 2024 — Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC“) is pleased to announce the mailing of its notice of meeting, management information circular (the “Circular“), form of proxy and letter of transmittal (collectively, the “Meeting Materials“) to the shareholders of Park Lawn (the “Shareholders“) in connection with the special meeting of Shareholders scheduled to be held on July 29, 2024 (the “Special Meeting”). The Meeting Materials were mailed to Shareholders of record as of June 18, 2024 in connection with the Special Meeting to consider and, if deemed advisable, pass a special resolution (the “Arrangement Resolution“), approving the proposed plan of arrangement (the “Arrangement“) involving Viridian Acquisition Inc.(the “Purchaser“), a wholly-owned subsidiary of Viridian Holdings LP, a limited partnership collectively owned by Homesteaders Life Company and certain funds, the general partner of which is Birch Hill Equity Partners Management Inc., pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Park Lawn (the “Shares” and each, a “Share“) for a price of $26.50 per Share (the “Consideration“). The Meeting Materials are also available on SEDAR+ (www.sedarplus.ca) under Park Lawn’s issuer profile. The Special Meeting will be held virtually and commence at 10:00 a.m. (Toronto time) on July 29, 2024. Shareholders can access the Special Meeting using the following link: https://web.lumiagm.com/274780634 (Password: PLC2024 (case sensitive)). In order to be effective, the Arrangement Resolution requires the approval of at least two-thirds (66 ⅔%) of the votes cast by Shareholders, present in person (virtually) or represented by proxy at the Special Meeting. Following the Special Meeting, Park Lawn will announce the voting results of the Special Meeting. For more details on the Arrangement, the Special Meeting and the Consideration, please see the Circular which is available on SEDAR+ (www.sedarplus.ca) under Park Lawn’s issuer profile. Receipt of Interim Order Park Lawn is also pleased to announce that the Ontario Superior Court of Justice (Commercial List) granted an interim order dated June 26, 2024, providing for the calling and holding of the Special Meeting and other procedural matters relating to the Arrangement. Completion of the Arrangement remains subject to, among other things, (i) approval of the Arrangement Resolution at the Special Meeting, (ii) receipt of the final order of the Ontario Superior Court of Justice (Commercial List) for the Arrangement, and (iii) receipt of regulatory approval. YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY The board of directors of Park Lawn, on the basis of a unanimous recommendation of the special committee of independent directors of Park Lawn, and after receiving advice from its financial and legal advisors, approved the Arrangement and recommend that Shareholders vote FOR the Arrangement Resolution. Shareholders are encouraged to vote well in advance of the proxy cut-off time of 10:00 a.m. (Toronto time) on July 25, 2024. If you have any questions or need assistance in your consideration of the Arrangement, with the completion and delivery of your form of proxy or voting instruction form, or
Park Lawn Provides Update on Special Meeting in Connection with Going Private Transaction
Announces Postponement of Annual Meeting of Shareholders TORONTO, ONTARIO – June 18, 2024 — Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC“) today announced that it has filed the requisite notice setting the record and meeting date in respect of its special meeting (the “Special Meeting“) of shareholders of Park Lawn (the “Shareholders“) to be held to consider its previously announced going private transaction (the “Transaction“), pursuant to which Viridian Acquisition Inc. (the “Purchaser“), an affiliate of Homesteaders Life Company and Birch Hill Equity Partners Management Inc., will acquire all of the issued and outstanding common shares of Park Lawn (the “Shares” and each, a “Share“) for a price of $26.50 per Share. The record date for the determination of Shareholders eligible to attend and vote at the Special Meeting has been set as June 18, 2024, and the Special Meeting will be held virtually on July 29, 2024. Further details relating to the Transaction and the Special Meeting, including voting instructions, will be included in Park Lawn’s management information circular in respect of the Special Meeting to be filed and mailed to Shareholders in the coming weeks. Copies of the management information circular and related meeting materials will also be filed with the applicable Canadian securities regulators and will be available on SEDAR+ at www.sedarplus.ca. In light of the pending Transaction, Park Lawn will be postponing its previously scheduled annual meeting of Shareholders to a date prior to September 30, 2024. Park Lawn will provide further details regarding its annual meeting at a later date. About Park Lawn Corporation: PLC is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider. PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels and event centers throughout Canada and the United States which provide a full range of services and merchandise to fulfill the desires of individuals and families seeking to honor their loved ones. Products and services can be customized to meet the personal needs of the consumer and are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC operates in two Canadian provinces and seventeen U.S. states. For more information about Park Lawn Corporation, please visit our website at www.parklawncorp.com. Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect PLC’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. The forward-looking statements in this news release include statements regarding the proposed acquisition by the Purchaser of all of the Shares of PLC and the terms thereof, the anticipated timing for the mailing and filing of the management information circular and related meeting materials in connection with the Special Meeting, the anticipated date of Park Lawn’s Special Meeting and annual meeting and other statements that are not historical fact. The forward-looking statements in this news release are based on
Park Lawn Announces Going Private Transaction with Homesteaders Life Company and Birch Hill Equity Partners
Park Lawn Shareholders to Receive Consideration of $26.50 Per Share in Cash TORONTO, ONTARIO – June 3, 2024 — Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC“) today announced that it has entered into an arrangement agreement (the “Arrangement Agreement“) with Viridian Acquisition Inc. (the “Purchaser“), an affiliate of Homesteaders Life Company (“Homesteaders“) and Birch Hill Equity Partners Management Inc. (“Birch Hill” and together with Homesteaders, the “Purchaser Group“), pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Park Lawn (the “Shares” and each, a “Share“) for a price of $26.50 per Share (the “Consideration“) in an all-cash transaction valued at approximately $1.2 billion, including Park Lawn’s net debt (the “Transaction“). The Consideration represents a 62.1% premium to the closing price of the Shares on the Toronto Stock Exchange (“TSX“) on June 3, 2024, being the last trading day prior to the announcement of the Transaction, and a 56.4% premium to the 20‐day volume weighted average trading price per Share on the TSX for the period ending June 3, 2024. The board of directors of Park Lawn (the “Board“), having received a unanimous recommendation from a special committee comprised solely of independent directors of Park Lawn (the “Special Committee“) and after receiving outside legal and financial advice, has unanimously determined that the Transaction is in the best interests of Park Lawn and is fair to shareholders of Park Lawn (the “Shareholders“) and unanimously recommends that Shareholders vote in favour of the Transaction. In making their respective determinations, the Board and the Special Committee considered, among other factors, the oral fairness opinion of National Bank Financial Inc. (“National Bank Financial“) to the effect that, as of June 3, 2024, subject to the assumptions, limitations and qualifications contained therein, the Consideration to be received by the Shareholders pursuant to the Transaction is fair, from a financial point of view, to the Shareholders. A copy of the fairness opinion of National Bank Financial will be included in the management information circular (the “Information Circular“) to be filed and mailed to Shareholders in connection with the special meeting of Shareholders (the “Meeting“) to be called to approve the Transaction. John Nies, Chair of the Special Committee, said, “We have concluded that this transaction is in the best interests of Park Lawn and fair to our shareholders. With a view to maximizing shareholder value, we conducted a thorough assessment of the Purchaser Group’s proposal as well as other alternatives available to the company, including the status quo. Following a comprehensive assessment and our extensive negotiations with Homesteaders and Birch Hill, we are pleased to have reached an agreement that provides immediate and fair value to shareholders.” “This Transaction represents tangible recognition of the value and strength of our organization. We are proud of the accomplishments of our team and look forward to partnering with Homesteaders and Birch Hill in a new chapter of Park Lawn where we can continue to execute on our strategic initiatives for
