Category: Acquisitions

Press Releases

Park Lawn Corporation Finishes 2020 with Exceptional Financial Results, and Furthers its Commitment to Growth by Announcing Four New Acquisitions

TORONTO, ONTARIO (March 30, 2021) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2020.  PLC finished 2020 with a powerful performance in Q4, which included achieving significant growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITDA margin: “Despite the adversities posed by COVID-19, PLC finished the year with the strongest fourth quarter it has seen in its history. Not only did we see a tremendous financial performance with double-digit plus growth across the board, but we also witnessed how the integration of our legacy businesses brought the Company together as one cohesive operating unit.  The ability to persevere in 2020’s challenging environment

Park Lawn Corporation Acquires J.F. Floyd Mortuary, Crematory and Cemeteries

Acquisition of 4 funeral homes (3 on-sites), 9 cemeteries and 1 crematorium strengthens Park Lawn’s operational footprint in South Carolina TORONTO, November 2, 2020 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) is pleased to announce that it has acquired all of the outstanding stock of W.R. Floyd Corp. and Floyd Properties, Inc. and a majority of the assets of W.R. Floyd Services, Inc. GRAS, LLC, Piedmont Crematory, Inc. and Floyd’s Pet Cremation, LLC (collectively “J.F. Floyd”), a group of businesses located in Spartanburg and Charleston, South Carolina. “J.F. Floyd is a well-established business that aligns with Park Lawn’s growth strategy. The addition of these businesses strengthens PLC’s operational footprint in South Carolina and provides a platform

Park Lawn Corporation Acquires Bowers Funeral Service Ltd.

Acquisition expands Park Lawn’s footprint in British Columbia TORONTO, October 1, 2020 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) is pleased to announce that it has acquired the assets of Bowers Funeral Service Ltd. (“Bowers”), a three-location funeral home business in Salmon Arm, Golden and Revelstoke, British Columbia.  “This is an excellent opportunity for Park Lawn to expand its footprint in British Columbia as we continue on the path to meet our stated growth objectives. The Bowers businesses are an attractive group of funeral homes that will complement Park Lawn’s existing Providence Funeral Homes locations also in this region. We are excited to welcome the Bowers businesses to the Park Lawn family,” stated J. Bradley Green,

PLC Completes Acquisition of Family Legacy, LLC and WG-TN, LLC

Strategically expands U.S. footprint into Tennessee TORONTO, January 31, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) is pleased to announce that it has completed the previously announced acquisition of all of the outstanding stock and membership interests of Family Legacy, LLC (“Family Legacy”), a business with 12 locations operating in the greater Nashville, Tennessee area, as well as all of the outstanding membership interests in WG-TN, LLC (“Harpeth Hills”), a large combination business located in Nashville, Tennessee. The acquisition excludes one stand-alone funeral home that Park Lawn initially intended to acquire from Family Legacy. As a result, the purchase price for Family Legacy has been proportionately reduced and, in the first full year of operations following

Park Lawn Corporation to Acquire Family Legacy, LLC and WG-TN, LLC

Strategically expands U.S. footprint into Tennessee TORONTO, January 2, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has entered into definitive agreements to acquire all of the outstanding stock and membership interests of Family Legacy, LLC (“Family Legacy”), a business with 13 locations operating in Nashville, Tennessee, as well as all of the outstanding membership interests in WG-TN, LLC (“Harpeth Hills”), a large combination business located in Nashville, Tennessee. “Family Legacy and Harpeth Hills are preeminent funeral home and cemetery businesses which serve a large and attractive metropolitan market in middle Tennessee. The acquisition of Family Legacy and Harpeth Hills presents an exciting opportunity for Park Lawn to enter the Tennessee market by acquiring

Park Lawn Corporation Completes Acquisition of Horan & McConaty Funeral Services, LLC

TORONTO, July 2, 2019 /CNW/ – 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 equity of Horan & McConaty Funeral Services (“Horan”). Horan, formerly owned by John Horan, operates two cemeteries and eleven funeral homes (including two on sites) in the high growth Denver Metropolitan Area. “The acquisition of Horan is a unique and extremely exciting opportunity for Park Lawn. Horan is a preeminent funeral home and cemetery business in the U.S., which has served the Denver area for generations. I am delighted that John Horan and his team are joining PLC and will remain involved in the business,” said Andrew Clark, Chairman

Park Lawn Acquires Integrity Funeral Care

TORONTO, June 27, 2019 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that, effective June 25, 2019, it completed the purchase of the assets of Integrity Funeral Care, a funeral business located in Houston, Texas. “We are excited to expand our presence in Texas by adding a funeral home to complement our existing cemetery operations in the Houston market. This location will tuck-in to our Houston portfolio and is in line with PLC’s growth strategy,” stated Andrew Clark, Chairman and CEO of PLC. Highlights of the transaction include: • The purchase of Integrity Funeral Care, formerly owned and operated by David Peña, was funded with proceeds from PLC’s existing credit facility; • The purchase price multiple is within PLC’s

Park Lawn Corporation Completes Acquisition of The Baue Funeral Home Co.

Significantly increases footprint and presence in Missouri TORONTO, June 4, 2019 /CNW/ – 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 stock and membership interests of The Baue Funeral Home Co. (“Baue”). “The acquisition of Baue is a unique and extremely exciting opportunity for Park Lawn. Baue is a preeminent funeral home and cemetery business in the U.S., serving its community for generations. I am delighted that Lisa Baue and her team are joining PLC and will remain involved in the business,” said Andrew Clark, Chairman & Chief Executive Officer of PLC. About Park Lawn Corporation PLC provides goods and services associated with the

Park Lawn Corporation to Acquire Horan & McConaty Funeral Services, Inc. and The Baue Funeral Home Co.

TORONTO, May 8, 2019 /CNW/ – 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 stock and membership interests of two U.S. businesses: Horan & McConaty Funeral Services, Inc. (“Horan”) and The Baue Funeral Home Co. (“Baue”), for an aggregate total purchase price of approximately US$101.5 million in cash, subject to customary working capital adjustments. “The acquisitions of Horan and Baue are a unique and extremely exciting opportunity for Park Lawn. Horan and Baue are preeminent funeral home and cemetery businesses in two large metropolitan markets in the U.S., serving their respective communities for generations. I am delighted that both families will remain involved