Propel Funeral Partners Limited (ASX:PFP) to acquire Alfred James & Sons Pty Ltd on February 13, 2023. Aggregate transaction value is AUD 36.9 million comprising AUD 36.1 million in cash to be paid on completion of the proposed transactions, of which circa 75% relates to the acquisition of real estate; and up to circa AUD 0.8 million, which will be payable in cash if certain financial milestones are achieved during the three years following completion of the relevant transactions. In related transactions, Propel Funeral Partners acquired Seddon Park Funeral Home and Pets @ Rest Limited. After allowing for the cash required to complete the three acquisitions, Propel Funeral Partners available funding capacity is circa AUD 104.5 million. Subject to satisfaction of customary conditions (e.g. due diligence, consent to assignment of key contracts, staffing, etc.) and the completion is expected to occur during Q4 FY23.

Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of Alfred James & Sons Pty Ltd on April 27, 2023.