It was announced last Friday that Park Lawn Corporation had acquired the Malcolm, Deavitt & Binhammer Funeral Home Limited. The one building standalone funeral home is located in Pembroke, Ontario.
The funeral home, according to this press release from Park Lawn Corporation, “performs approximately 153 calls per year.”
Here’s what J. Bradley Green, Chief Executive Officer of Park Lawn said about the transaction, “This is an excellent opportunity for Park Lawn to expand its footprint in Ontario as we continue on the path to meet our stated growth objectives. The MDB funeral home will complement Park Lawn’s existing locations near Ottawa.. . .”
According to the press release:
- The purchase of Malcolm, Deavitt & Binhammer was funded with cash on hand
- The agreed purchase price multiple is within Park Lawn’s publicly-stated EBITDA multiple range for transactions of this nature.
Here is a map from the Park Lawn Corporation website showing their North American locations
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