Park Lawn Corporation recently announced that it has completed the previously announced acquisition of all of the outstanding stock and membership interests of Family Legacy, LLC, a business with 12 locations operating in the greater Nashville area, as well as all of the outstanding membership interests in WG-TN, LLC (“Harpeth Hills”), a large combination business located in Nashville.
The acquisition excludes one stand-alone funeral home that Park Lawn initially intended to acquire from Family Legacy. As a result, the purchase price for Family Legacy has been proportionately reduced and, in the first full year of operations following closing, PLC management now expects Family Legacy and Harpeth Hills, on a combined basis, to generate approximately $20.2 million of revenue and approximately $5.5 million of EBITDA.
“We are excited to welcome the Family Legacy and Harpeth Hills businesses into the Park Lawn family. The completion of these acquisitions provides Park Lawn with the unique opportunity to enter the middle Tennessee market as the premier provider of funeral and cemetery services in the area,” stated Andrew Clark, chairman and CEO of PLC.