Category: Media Release

Press Releases

PLC: CEO Completes Highly Successful Run; Announces Transition Plan

New CEO search underway as Chairman and CEO Andrew Clark moves on to next career challenge Company well-positioned for new phase of growth; reaffirms growth targets and expresses confidence in management team TORONTO, February 18, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) announces Andrew Clark has advised the board of directors (the “Board”) that he will be stepping down as Chairman and CEO of PLC.  Until a new CEO is appointed, Mr. Clark will continue as CEO and work closely with the Board and management to ensure a smooth transition. Paul G. Smith, who has been a director of PLC for three years, will assume the role of Chairman effective today. “It has been a tremendous

Park Lawn Corporation Announces Upsize to Credit Facility

CIBC Joins PLC’s Banking Syndicate TORONTO, ONTARIO–(November 25, 2019) – Park Lawn Corporation (TSX:PLC) (“PLC”) is pleased to announce an increase to its syndicated bank financing arrangement as well as the addition of CIBC to the syndicate led by National Bank of Canada and including Bank of Montreal, Bank of America and The Toronto-Dominion Bank. The financing arrangement increases PLC’s borrowing capacity from $175 million to $250 million. The additional credit will provide PLC with further flexibility as it continues to pursue its growth strategy. In particular, the revolving credit facility is expected to support PLC’s ability to capitalize on organic projects and acquisition opportunities as they arise, while maintaining a prudent approach to leverage. Highlights of the credit facilities include:

Park Lawn Q2 2019 Financial Results Released on Monday, August 12, 2019 and Earnings Conference Call on Tueday, August 13, 2019 at 9:30 AM EST

TORONTO, ONTARIO – (August 2, 2019) – Park Lawn Corporation (TSX: PLC) (“PLC”) announced today that it will release its Q2 financial results for 2019 on Monday August 12, 2019. PLC will host a conference call at 9:30 am (EST) on Tuesday August 13, 2019 to discuss its Q2 2019 financial results. Details of the conference call are as follows: Date: Tuesday, August 13, 2019   Time: 9:30am EST   Dial-in Number: Local (647) 427-7450 | Toll Free (888) 231-8191 | Conference ID: 3658707 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

Park Lawn’s Recent Featuring in Funeral Service Insider

“The Details Behind Park Lawn’s Stunning $101.5M Acquisition How Jay Dodds, J. Bradley Green, Jim Price and Their Team Pulled Off a Big Victory There once was a time when if two firms were going to be bought for more than $100 million in one fell swoop, you could virtually bet it would be pulled off by a company that goes by three well-known initials. And if it wasn’t that company, then a few other ones may enter your mind … and if you’ve been reading this newsletter over the past year, one of them would be Park Lawn Corp. – but it would still likely be toward the bottom of your list. But not anymore.” Click Here to read

Park Lawn’s Recent Featuring in NFDA’s Memorial Business Journal

“Horan, Baue Discuss the Road to Acquisition” There isn’t a better landing spot than Park Lawn,” commented John Horan the morning it was reported that Park Lawn Corporation had acquired both his firm, Horan & McConaty Funeral Services, and The Baue Funeral Home Co. “These are people who truly get it. My co-workers and I have observed humility, integrity and passion for this work and support for the people who carry it.” Click Here to read the full article

Park Lawn’s COO’s Jay Dodds interview with Cemetery & Cremation Magazine

“While he has been at the helm of some of the leading companies in funeral service, Jay Dodds is also the person who grew up in a funeral home and has done – and can still do – almost every job in a funeral home and cemetery. He’s held some of the top management positions at Stewart Enterprises and Carriage Services, struck out on his own (with J. Bradley Green) to form The Signature Group, and later sold his company to Park Lawn Corporation. Becoming that company’s chief operating officer. Dodds shows no signs of slowing down. In fact, he’s taking on a new role… 2019-2020 president of the International Cemetery, Cremation and Funeral Association (ICCFA). We recently had a