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Propel Funeral Partners Expands NZ Footprint with $7.3M Acquisition
10:01am on Tuesday 18th of February, 2025 AEDT
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Funeral Services
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Propel Funeral Partners Expands NZ Footprint with $7.3M Acquisition
10:01am on Tuesday 18th of February, 2025 AEDT
Key Points
Acquisition of Twentymans Funeral Services and Richmond Funeral Home in New Zealand
Total consideration up to A$7.3 million, including cash and shares
Expansion into two new regional NZ markets: Thames and Carterton
Combined annual revenue of approximately A$3.7 million and 600 funerals conducted
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Propel Funeral Partners (ASX:PFP)
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