One Park lawn
Memorialization, Cemetery, and Funeral Service Specialists
Park Lawn Corporation (TSX: PLC, PLC.U) is one of the largest publicly traded funeral, cremation and cemetery provider and is the fastest growing company in the profession in North America. Since 2013 PLC has grown from 6 cemetery properties in Toronto, Ontario to a diverse portfolio of properties and businesses operating across Canada and the US.
With a dynamic leadership team and innovative approach to operations, PLC has a strategic advantage over the more traditional players in an industry resistant to change. As the company continues its strong growth both organically and through acquisition, PLC is changing the way products and services are delivered and how customers engage with the marketplace.
The Princeton Abbey | Princeton, NJ
What We Do
A Lasting Partnership
Park Lawn confidently brings the industry’s best in a support center that provides our businesses the essentials in bringing their business to the next level. With access to Operations, Legal, Information Technology, Human Resources, Finance, Accounting, Sales and many other vital sectors, the partnership empowers the businesses to take on day-to-day functions with ease.
Mundell Funeral Home | Orillia, ON
Our Businesses
Trusted by the best
Park Lawn Corporation currently operates in three Canadian provinces and seventeen U.S. states.
Investors
Company at a Glance
Listen to our earnings call, or explore the latest investor presentation, annual report, and quarterly results below for a comprehensive view of our company’s performance.
For the U.S equivalent ticker click here*
Shackelford Funeral Directors | Henderson, TN
News
Recent Press Releases
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“). The Consideration represents a 62.1% premium to the closing price of the Shares on the Toronto Stock Exchange (“TSX“) on June 3, 2024, being the last trading day prior to the announcement of the Transaction, and a 56.4% premium to the 20‐day volume weighted average trading price per Share on the TSX for the period ending June 3, 2024. The board of directors of Park Lawn (the “Board“), having received a unanimous recommendation from a special committee comprised solely of independent directors of Park Lawn (the “Special Committee“) and after receiving outside legal and financial advice, has unanimously determined that the Transaction is in the best interests of Park Lawn and is fair to shareholders of Park Lawn (the “Shareholders“) and unanimously recommends that Shareholders vote in favour of the Transaction. In making their respective determinations, the Board and the Special Committee considered, among other factors, the oral fairness opinion of National Bank Financial Inc. (“National Bank Financial“) to the effect that, as of June 3, 2024, subject to the assumptions, limitations and qualifications contained therein, the Consideration to be received by the Shareholders pursuant to the Transaction is fair, from a financial point of view, to the Shareholders. A copy of the fairness opinion of National Bank Financial will be included in the management information circular (the “Information Circular“) to be filed and mailed to Shareholders in connection with the special meeting of Shareholders (the “Meeting“) to be called to approve the Transaction. John Nies, Chair of the Special Committee, said, “We have concluded that this transaction is in the best interests of Park Lawn and fair to our shareholders. With a view to maximizing shareholder value, we conducted a thorough assessment of the Purchaser Group’s proposal as well as other alternatives available to the company, including the status quo. Following a comprehensive assessment and our extensive negotiations with Homesteaders and Birch Hill, we are pleased to have reached an agreement that provides immediate and fair value to shareholders.” “This Transaction represents tangible recognition of the value and strength of our organization. We are proud of the accomplishments of our team and look forward to partnering with Homesteaders and Birch Hill in a new chapter of Park Lawn where we can continue to execute on our strategic initiatives for
Park Lawn Corporation Announces Q1 2024 Financial Results
TORONTO, ONTARIO/May 9, 2024/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced its financial operating results for the first quarter ended March 31, 2024 (“Q1”). Financial Results for the Three-Month Period Ended March 31, 2024: “We are proud of our first quarter operating results and are excited to see the hard work and efforts of our team beginning to take shape,” said J. Bradley Green, Chief Executive Officer. Mr. Green further elaborated, “As you have heard in our commentary over the past few quarters, with the reshaping of our platform as a result of the disposition of certain legacy assets which was completed in December, the implementation of a refined operating model, a new and improved sales structure, the launch of a comprehensive educational platform and a stronger more robust internal backbone, Park Lawn is now poised to perform at a higher and more effective level than ever before.” Key Results from the Three-Month Period Ended March 31, 2024 Dividend Reinvestment Plan On May 9, 2024, the Company’s Board of Directors approved the listing of an additional 500 thousand common shares issuable pursuant to the Company’s amended and restated dividend reinvestment plan. The increase is subject to approval from the TSX. Important Reminder The Company will host a conference call to discuss its Q1 financial results on Friday, May 10, 2024. Details are as follows: To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. The Company’s complete financial results can be found at www.sedarplus.ca or on the Company’s website at www.parklawncorp.com. A replay of the conference call will be available until Friday, May 24, 2024 and can be accessed as follows: Dial-in Number: Toll Free (877) 481-4010 | Conference ID: 50541. Alternatively, the conference will also be available on the Company’s website at www.parklawncorp.com. 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 a full range of services and merchandise to fulfill the desires of individuals and families seeking to honor their loved ones. Products and services can be customized to meet the personal needs of the consumer and are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC operates in three Canadian provinces and seventeen U.S. states. For more information about Park Lawn Corporation, please visit our website at www.parklawncorp.com. Non‐IFRS Measures Adjusted Net Earnings, EBITDA, Adjusted EBITDA and their related per share amounts, Adjusted EBITDA margin, Adjusted Field EBITDA, Adjusted Field EBITDA margin, Acquired Operations and Comparable Operations are not measures recognized under IFRS and do not have standardized meanings prescribed by IFRS. Such measures are presented in this news release because management of PLC believes that such measures are relevant in evaluating PLC’s operating performance. Such measures, as computed by PLC, may differ from similar
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 a full range of services and merchandise to fulfill the desires of individuals and families seeking to honor their loved ones. Products and services can be customized to meet the personal needs of the consumer and are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC operates in three Canadian provinces and seventeen U.S. states. For more information about Park Lawn Corporation, please visit our website at www.parklawncorp.com. Contact Information Daniel MillettChief Financial Officer(416) 231-1462, ext. [email protected]
