By Thomas A. Parmalee J. Bradley Green, the chief executive officer of Park Lawn Corp., who spearheaded its transition to private ownership in a deal valued at about $970 million, including net debt, announced to employees earlier this month that he’ll be stepping down as the company’s chief. Jennifer Hay,…
Read MorePark Lawn Corp. announced that, on Aug. 5, it acquired substantially all the assets of Carolina Memorial Park of Concord - Kannapolis located in Kannapolis, North Carolina; Carolina Memorial Park of Harrisburg – Charlotte located in Charlotte, North Carolina; and Whitley’s Funeral Home located in Kannapolis, North Carolina (collectively “Carolina-Whitley”). …
Read MoreOn Aug. 9, Park Lawn Corp. announced the successful completion of its previously-announced transaction involving Viridian Acquisition Inc., a wholly-owned subsidiary of Viridian Holdings LP, a limited partnership collectively owned by Homesteaders Life Company and certain funds the general partner of which is Birch Hill Equity Partners Management Inc. Pursuant…
Read MoreOn Aug. 7, Park Lawn Corp. announced the receipt of the final order of the Ontario Superior Court of Justice dated Aug. 6, 2024 , with respect to the previously-announced plan of arrangement transaction involving Viridian Acquisition Inc., a wholly-owned subsidiary of Viridian Holdings LP, a limited partnership collectively owned…
Read MorePark Lawn Corp. announced in a July 29 news release that its shareholders have approved the proposed plan of arrangement involving Viridian Acquisition Inc., a wholly-owned subsidiary of Viridian Holdings LP, a limited partnership collectively owned by Homesteaders Life Company and certain funds, the general partner of which is Birch…
Read MoreBy Thomas A. Parmalee When you get a chance to make three to four times the typical rate of return compared with a traditional investment, you take a good look at it. At least, that’s what you do if you’re Steve Shaffer, president, CEO and board chair at Homesteaders Life…
Read MorePark Lawn Corp. has agreed to sell all of its outstanding common shares for $26.50 per share in a going-private transaction with Viridian Acquisition Inc., an affiliate of Homesteaders Life Company; and Birch Hill Equity Partners Management, according to a news release. It will be an all-cash transaction valued at…
Read MorePark Lawn Corp. reported first-quarter adjusted diluted earnings per share of about 22 cents per share compared with about 25 cents in the year-ago period, a decrease of 13.6%, according to a news release. Quarterly revenue was $76.4 million compared with $86.7 million in the year-ago period, a decrease of…
Read MoreOn March 7, Park Lawn Corp. announced fourth-quarter adjusted diluted earnings of 25 cents per share compared to 24 cents in the year-ago period, earning $88.1 million in revenue compared with the $86.1 million it earned a year ago. The company also announced the appointment of a new director and its…
Read MoreOn Oct. 17, Park Lawn Corp. announced that it has entered into a definitive agreement to divest substantially all of the assets of The Park Lawn Cemetery Company (USA), Inc., PLC Saber Ltd. and PLC Citadel Ltd. to Everstory Acquisition Portfolio, an affiliate of Everstory Partners. The divestiture includes 72…
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