Last year, almost exactly one year ago this week, Funeral Director Daily published this article announcing that Park Lawn Corporation had the regulatory approvals to sell the company to Veridian Holdings L.P. which was a business made up through a partnership of Homesteaders Life and Birch Hill Equity Partners.

Recently, Birch Hill Equity Partners as announced in this article from Yahoo Finance, partnered with Brookfied Asset Management to take Canadian mortgage firm First National Financial private in a structure that appears to be very similar to the Park Lawn transaction.

Again, much like the Park Lawn transaction, the acquired firm took a position that the transaction was good for the shareholders as they are quoted as commenting, “First National Financial says the deal came after a strategic review and that it offers compelling value and liquidity to shareholders”.

You can access the Park Lawn Corporation website here.  As a private company we no longer have access to their financial documents to learn how they may be doing from that perspective but press releases since the sale date have indicated that Park Lawn has added facilities through acquisition in North Carolina, Texas, Illinois, and Colorado.  You can access Park Lawn Corporation press releases here.

Related — Here is the website for Birch Hill Equity Partners

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