Park Lawn completes Signature Deal

At the close of business Monday, May 7, Park Lawn Corporation announced that it had completed its announced purchase of Signature Funeral and Cemetery Investments, LLC (the Signature Group) for approximately US$123 million.  You can read the press release from Stockhouse here.

According to Park Lawn CEO Andrew Clark, “With the acquisition of Signature Group, we now have the team in place to build a consolidated and integrated US business platform. ”

The release also states that Signature Group leadership members Brad Green and Jay Dodds will be taking on senior leadership roles at Park Lawn.

Finally, the press release states that Park Lawn Corporation, based in Toronto, will now have 139 businesses that they own and operate that are located in five Canadian provinces and 10 U.S. states.

Funeral Director Daily take:  We don’t expect Park Lawn Corporation to slow down in the acquisition mode.  Here is what new Chief Operating Officer Jay Dodds said, “With this management team, we have a competitive edge that we will quickly use to build the leading funeral and cemetery business in North America.”

In our opinion, many times the acquisition roll-ups are the easiest thing to accomplish.  Park Lawn Corporation will now have the difficult task of proving to investors that they can manage – and grow – what they have acquired.

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