Park Lawn closes $123 mln buy of JMH's Signature Group

Park Lawn Corp (TSX: PLC) has closed its acquisition of Signature Funeral and Cemetery Investments LLC, a Houston-based funeral and cemetery company, for about US$123 million in cash. PLC, a Toronto-based deathcare services provider, said the deal adds 9 cemeteries, 21 funeral homes and 5 crematoria across the United States to its portfolio. Signature Group's Brad Green, PLC's incoming president, said he is expecting further growth opportunities "both internally through integration and externally through acquisitions." Founded in 2011, Signature Group was acquired in 2013 by U.S. private equity firm JMH Capital Partners.

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