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Park Lawn Announces Completion of Going Private Transaction with Homesteaders Life Company and Birch Hill Equity Partners
TORONTO, ONTARIO – August 9, 2024 – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC“) is pleased to announce the successful completion of its previously-announced plan of arrangement transaction (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 (“Homesteaders“) and certain funds the general partner of which is Birch Hill Equity Partners Management Inc. (“Birch Hill“). Pursuant to the Arrangement, among other things, the Purchaser acquired all of the issued and outstanding common shares of Park Lawn (the “Common Shares“) for cash consideration of $26.50 per Common Share (the “Consideration“). The Arrangement became effective earlier today. Registered shareholders are reminded that, in order