Page A33 MAY 2023 FUNERAL HOME & CEMETERY NEWS Section A Your Playbook for 2023 to Grow and Protect Market Share Scan QR Code Be sure to visit! Booth 725 Carriage Services Acquires Greenlawn Funeral Homes, Cemeteries and Cremations and Wood Family Funeral Service Park Lawn Expands into Iowa and Nebraska HOUSTON,TX— Carriage Services, Inc. (NYSE: CSV) is pleased to announce that it has acquired substantially all the assets of Greenlawn Funeral Homes, Cemeteries and Cremations and Wood Family Funeral Service, consisting of three funeral homes, two cemeteries, and a cremation focused business, located in the Bakersfield, California market. Jim La Mar, President and Chief Executive Officer for Greenlawn stated, “Having worked for Greenlawn since 1990, it is truly more than a business, it is my identity. As the face of our company, I could never envision placing Greenlawn’s future and wellbeing in anyone’s hands other than my own. Knowing we needed to create a succession plan so that our community and staff could be well taken care of, I didn’t know where to turn. A referral from a dear friend in the industry put me in touch with Carriage. Today, as we are closing on this transaction, I can truly say it was the best move we could have made. Carriage’s business model is in perfect alignment with my beliefs regarding how a business should conduct itself within this profession. Carriage has been extremely professional and helpful throughout this process in helping us get across the finish line in a timely manner, with as little stress as possible. I’d strongly recommend Carriage as part of any Company’s succession plan.” Steve Metzger, Executive Vice President and Chief Administrative Officer for Carriage Services stated, “Greenlawn is a special business with an important legacy and deep ties within the Bakersfield community. We are honored that Jim La Mar, Tom Bell, and the Greenlawn Board selected Carriage to carry the Greenlawn tradition forward. We look forward to supporting the Greenlawn team and building upon the strong foundation already in place. “The addition of Greenlawn, which serves thousands of families each year and is the preeminent funeral home and cemetery business in Bakersfield, with a nearly 40% market share, aligns well with our focus on partnering with the highest quality independent funeral and cemetery businesses in large and growing markets.” Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage operates 173 funeral homes in 26 states and 32 cemeteries in 11 states. For more information, please visit www.carriageservices.com. TORONTO,ONTARIO— Park Lawn Corporation (TSX: PLC, PLC.U) is pleased to announce that it has completed the acquisition of substantially all the assets of Meyer Brothers Funeral Homes, a business consisting of five stand-alone funeral homes located in Sioux City, Iowa, South Sioux City, Nebraska and Ponca, Nebraska. The Meyer acquisition further increases Park Lawn’s geographic presence in the Midwest by adding businesses in Iowa and Nebraska. “We are pleased to welcome the Meyer businesses into the Park Lawn family as they exemplify the characteristics of the premier independent operating firms Park Lawn seeks to partner with in its growth strategy. These highly regarded businesses are a staple in their respective communities and we are proud to have them as part of our team,” said J. Bradley Green, Chief Executive Officer of PLC. “For over 60 years the Meyer family has proudly served Sioux City, IA, South Sioux City, NE and Ponca, NE and the surrounding communities and we look forward to continuing to provide outstanding service to our families through our partnership with Park Lawn,” said Dale Meyer, former owner of Meyer. Quarterly Dividend Announced Park Lawn also announced that the quarterly dividend of $0.114 per share will be payable on April 17, 2023 to shareholders of record as at March 31, 2023. PLC 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 operates in three Canadian provinces and twenty US states. For more information, visit www.parklawncorp.com.
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