Category: Media Release

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

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

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“).

Park Lawn First Quarter 2024 Financial Results Released on Thursday, May 9, 2024 and Earnings Conference Call on Friday, May 10, 2024 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (April 29, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that it will release its first quarter financial results for 2024 on Thursday, May 9, 2024.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, May 10, 2024, to discuss its Q1 2024 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. 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

Park Lawn Fourth Quarter 2023 Financial Results Released on Thursday, March 7, 2024 and Earnings Conference Call on Friday, March 8, 2024 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (February 26, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that it will release its fourth quarter financial results for 2023 on Thursday, March 7, 2024.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, March 8, 2024, to discuss its Q4 2023 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. 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

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,

Park Lawn Third Quarter 2023 Financial Results Released on Thursday, November 9, 2023 and Earnings Conference Call on Friday, November 10, 2023 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (October 27, 2023) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its third quarter financial results for 2023 on Thursday, November 9, 2023.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, November 10, 2023 to discuss its Q3 2023 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own

Park Lawn Announces Agreement to Divest Certain Legacy Assets to Continue its Long-Term Growth Strategy

TORONTO, ONTARIO/October 17, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced today that it has entered into a definitive agreement to divest substantially all of 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”). Everstory Partners is a deathcare company that owns and operates cemetery, funeral and crematory locations throughout the United States and Puerto Rico. The divestiture includes 72 cemeteries in Kentucky, Michigan, North Carolina and South Carolina and 11 funeral homes in Kentucky and North Carolina.  The transaction is valued at approximately US$70 million consisting of US$55 million in cash and the

Park Lawn Withdraws Offer to Purchase Carriage Services, Inc.

TORONTO, ONTARIO/October 2, 2023/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced that it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage. Park Lawn does not intend to comment further on its withdrawal from Carriage’s strategic review process or regarding the withdrawal of its offer unless it deems further disclosure is appropriate or required. About Park Lawn Corporation: PLC provides goods and services associated with the disposition and memorialization of human remains.  Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). 

Park Lawn Second Quarter 2023 Financial Results Released on Thursday, August 10, 2023 and Earnings Conference Call on Friday, August 11, 2023 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (July 28, 2023)  – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its second quarter financial results for 2023 on Thursday, August 10, 2023.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, August 11, 2023 to discuss its Q2 2023 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own

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