Park Lawn Completes Divestiture of Certain Legacy Assets
TORONTO, ONTARIO/December 20, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”), today announced that it has successfully completed the previously announced divestiture of certain legacy assets including all the assets of The Park Lawn Cemetery Company (USA), Inc., PLC Saber Ltd. and PLC Citadel Ltd. to Everstory Acquisition Portfolio, LLC (“EAP”), an affiliate of Everstory Partners (“Everstory Partners”). The divestiture includes 72 cemeteries in Kentucky, Michigan, North Carolina and South Carolina and 11 funeral homes in Kentucky and North Carolina. “The completion of this divestiture marks an important milestone in the execution of Park Lawn’s long-term strategy,” said J. Bradley Green, Chief Executive Officer. Mr. Green further stated, “Park Lawn has now refined its portfolio and,