Tag: funeral acquisitions

Finance

Park Lawn Continues Acquisition Spree

Yesterday Park Lawn Corporation announced another acquisition of a funeral home.  Fresh off the announced purchase of seven cemeteries in New York and New Jersey last week for a combined price of close to $50 million, the Toronto based company announced the purchase of the Billingsley Funeral Home in Huntsville, Ontario. In a press release from Business Insider that you can read here Andrew Clark, Chairman and CEO of Park Lawn Corporation, stated, “Billingsley’s proximity to our existing operations in […]

Business

Legacy Funeral Group Purchases Alabama Locations

  According to a press release that you can read here, Legacy Funeral Group of Texas has purchased the Magnolia Chapels of Tuscaloosa, Alabama.  Magnolia Chapels has served the Tuscaloosa area with two chapels since its founding in 1999. (The link will lead you to Legacy’s web-site where you can learn more on the company). Legacy Funeral Group is a regional consolidator of funeral homes based in Texas.  They own approximately 110 funeral homes and, according to the press release, […]

Finance

Park Lawn Corporation Resets Credit

Park Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth.  The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal and Toronto Dominion Bank.  The credit is arranged as follows: $75 million in committed credit $50 million in accordian credit All under a 5 year […]