Propel Funeral Partners Limited (ASX:PFP) entered into a conditional sale agreement to acquire Businesses, Assets And Related Infrastructure of Community Funerals And Cremation For Pets for AUD 2.7 million on August 2, 2022. The consideration will be paid in cash for AUD 2.4 million, 64,240 ordinary shares which will be subject to escrow arrangements for up to 3 years and AUD 0.23 million in cash will be payable if certain financial milestones are achieved during the 3 years. Propel Funeral Partners Limited will fund cash amount payable on completion from its debt facilities. Two Businesses generate revenue of approximately AUD 1.7 million per annum. The transaction is expected to certain approvals: due diligence, subject to regulatory approvals and certain other related parties. The transaction is expected to complete by Q2, 2023. The transaction is expected to be earring accretive in one year.

Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of Businesses, Assets And Related Infrastructure of Community Funerals And Cremation For Pets for AUD 2.7 on February 22, 2023.