Press Releases

Expands U.S. operations into Wisconsin with acquisition of 8 funeral homes and 2 crematoria TORONTO, ONTARIO (April 1, 2019) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. to issue 4,874,000 common shares (the “Common Shares”) at a price of $25.65 per Common Share, on a bought deal basis, for gross proceeds of approximately $125 million. (the “Offering”). The Company has also granted the Underwriters an option to purchase up to an additional 731,100 Common Shares on the same terms and conditions, exercisable at any time, in whole

Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2018. The results show strong revenue growth, with a year-over-year increase of 84.9% and an increase of 95.2% for Q4, as compared to the same period in 2017. Net Earnings, attributable to PLC shareholders were $6,722,456 in 2018 compared to $4,196,814 in 2017. On a fully diluted per share basis, this represents $0.325 for 2018, as compared to $0.314 in 2017.

Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce the signing of a definitive agreement to acquire Cress Funeral Service, Inc. (“Cress Funeral Service”), an 8-location funeral business in Madison, Wisconsin, for US$20.3 million. Closing remains subject to regulatory approval which is expected in the second quarter of 2019.

Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce it has made a $6.2 million secured debt investment in Humphrey Funeral Home A. W. Miles – Newbigging Chapel Limited (“Humphrey Funeral Home” or “Humphrey”) in Toronto, Ontario. Humphrey Funeral Home is a prestigious operation that has been serving Toronto families for over 135 years.

Park Lawn Corporation is pleased to announce it has completed the previously announced acquisition of all the outstanding membership interests of Citadel Management LLC (“Citadel”) for a purchase price of approximately US$12.9 million in cash, subject to customary working capital adjustments (the “Acquisition”).