Park Lawn Completes Privatization with Homesteaders Life and Birch Hill

Toronto, ON, August 9, 2024 – Park Lawn Corporation (TSX:PLC, PLC.U) has finalized its privatization plan involving Viridian Acquisition Inc. The transaction was executed with Homesteaders Life Company and Birch Hill Equity Partners.

The Purchaser acquired all outstanding common shares of Park Lawn for $26.50 per share. Park Lawn shareholders must submit necessary documents to Odyssey Trust Company to receive their payment.

The common shares and debentures of Park Lawn will be delisted from the Toronto Stock Exchange within two business days. Park Lawn has applied to cease being a reporting issuer.

Details of the transaction are available in Park Lawn's circular on SEDAR+. The Purchaser now owns 100% of Park Lawn's common shares.

National Bank Financial and BMO Capital Markets advised on the deal, with legal counsel provided by multiple firms. Financially, Birch Hill manages $5 billion in capital.