Finance

Park Lawn makes Texas acquisition

Canadian funeral home and cemetery consolidator Park Lawn Corporation announced yesterday that they had made an acquisition in Houston, Texas.  According to a company release that you can read here, Park Lawn acquired Integrity Funeral Care of Houston for a non-published price.

Park Lawn’s United States headquarters is based in Houston and the press release states that “The purchase of Integrity Funeral Care adds a funeral business to complement PLC’s  (Park Lawn Corporation) existing cemetery operations in the Houston market.

The release also states that the purchase was funded from PLC’s existing credit facilities and that the price was within PLC’s publicly stated targeted EBITDA multiple range.

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