Park Lawn Corporation has announced the successful completion of its previously-announced plan of arrangement transaction involving Viridian Acquisition Inc., a wholly-owned subsidiary of Viridian Holdings LP, a limited partnership collectively owned by Homesteaders Life Company and certain funds the general partner of which is Birch Hill Equity Partners Management Inc.
Bennett Jones acted for Park Lawn and the Special Committee of Park Lawn's Board of Directors.
Park Lawn is a funeral, cremation and cemetery provider. The company and its subsidiaries own and operate businesses throughout Canada and the United States.
Homesteaders Life is a mutual insurance company based in West Des Moines, Iowa. Birch Hill is a Canadian mid-market private equity firm based in Toronto.
The Bennett Jones team on the transaction was led by Kris Hanc (Corporate/M&A) and included Will Edwards, Bronwynn Shaw, Yohanna Laurensia, Jennifer Huang and Shari Gasch (Corporate/M&A); Anu Nijhawan (Tax); Mark Rasile (Finance); Adam Kalbfleisch and Christina Skinner (Competition); Talia Bregman (Employment); Christopher Ferencz (Real Estate); Sarah Gilbert (Environmental); Sebastien Gittens and David Wainer (IP/IT); and Jessica Horwitz (Trade).
More information on the transaction is available in Park Lawn's press release.