Press Releases

Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its first quarter results for 2018 (“Q1 2018“).

Today, 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 membership interests of Signature Funeral and Cemetery Investments, LLC (“Signature” or “Signature Group”) for a purchase price of approximately US$123 million in cash, subject to customary working capital adjustments (the “Acquisition”).

Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has completed its previously announced offering of subscription receipts (the “Subscription Receipts”) with a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc., on a bought deal basis. A total of 7,745,250 Subscription Receipts (including Subscription Receipts issued pursuant to the exercise in full of the over-allotment option granted by the Company to the Underwriters) were issued at a price of C$24.50 per Subscription Receipt for total gross proceeds of C$189,758,625 (the “Offering”).

Today, 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 membership interests of two U.S. businesses: Signature Funeral and Cemetery Investments, LCC (“Signature” or “Signature Acquisition”) and Citadel Management LLC (“Citadel”, together with Signature the “Acquisitions”) for a total purchase price of approximately US$136.4 million in cash, subject to customary working capital adjustments.

Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced the purchase of Opatovsky Funeral Home, a two-location business operating in Sundridge and Burk’s Falls, Ontario. The purchase adds to PLC’s existing funeral operations in Ontario.

Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced its results for the fourth quarter (“Q4”) and year-ended December 31, 2017. The results show strong revenue growth, with a year-over-year increase of 29.8% and an increase of 30.8% for Q4, as compared to the same period in 2016. Net Earnings were $4,196,814 in 2017 compared to $7,490,132 in 2016. On a fully diluted basis, net earnings attributed to PLC shareholders was $0.314 for 2017, as compared to $0.939 in 2016.

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 membership interests of CMS Mid-Atlantic (“CMS Mid-Atlantic”) for a purchase price of approximately US$50 million in cash, subject to customary working capital adjustments. The purchase price was funded from PLC’s existing credit facility.

Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced the purchase of Billingsley Funeral Home in Huntsville, Ontario. The purchase continues PLC’s expansion in Canada and the US.