M&A Deal Summary

Park Lawn Acquires Cress Funeral Service

On February 20, 2019, Park Lawn acquired consumer services company Cress Funeral Service for 20M USD

Acquisition Highlights
  • This is Park Lawn’s 4th transaction in the Consumer Services sector.
  • This is Park Lawn’s 2nd largest (disclosed) transaction.
  • This is Park Lawn’s 2nd transaction in the United States.
  • This is Park Lawn’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2019-02-20
Target Cress Funeral Service
Sector Consumer Services
Buyer(s) Park Lawn
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Cress Funeral Service

Madison, Wisconsin, United States
Cress Funeral Service, Inc. is committed to providing the highest quality individualized funeral, cremation, veterans and green services to the families of Madison, Sun Prairie, Middleton, Stoughton, McFarland, Deerfield and Waunakee, Wisconsin.

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Buyer(S) 1

Buyer

Park Lawn

Toronto, Ontario, Canada
Category Company
Founded 1892
Sector Consumer Services
Employees2,178
Revenue 342M USD (2023)
DESCRIPTION

Park Lawn provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices, and a transfer service. PLC has a North American wide platform with operations in five Canadian provinces and fourteen U.S. States. Park Lawn was incorporated in 1892 and is based in Toronto, Canada.

DEAL STATS #
Overall 4 of 10
Sector (Consumer Services) 4 of 10
Type (Add-on Acquisition) 4 of 10
State (Wisconsin) 1 of 1
Country (United States) 2 of 8
Year (2019) 1 of 5
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 The Signature Memorial Group

Houston, Texas, United States

The Signature Memorial Group LLC operates funeral homes and cemetery properties in select markets throughout North America. Signature seeks to provide succession and exit opportunities to an independent mortuary and cemetery operators that are a superior alternative for their employees and customers. The Signature Group was founded in 2011 and is based in Houston, Texas.

Buy $123M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 John L. Ziegenhein & Son Funeral Homes

St. Louis, Missouri, United States

John L. Ziegenhein & Son Funeral Homes is a locally-operated funeral home with two locations serving families 24 hours a day. Ziegenhein & Son compassionate staff is dedicated to helping residents of the St. Louis area through trying and difficult times. John L. Ziegenhein & Sons Funeral Homes have a variety of services available for residents of the St. Louis area.

Buy $4M
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