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Propel Funeral Partners to Acquire Three NZ Funeral Service Providers

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Propel Funeral Partners (ASX:PFP) agreed to acquire three funeral service providers as well as related assets, infrastructure, and real estate in New Zealand for up to AU$9.1 million, according to a Thursday filing with the Australian bourse.

The acquisitions relate to Evans Funeral Services, Leishman Funeral Services, and Collingwood Funeral Home, the filing said.

The total consideration comprises AU$8.3 million in cash payable on completion and up to AU$800,000 in cash payable on the achievement of certain financial milestones during a four-year earn-out period.

Additionally, the company provided a fiscal year 2026 revenue guidance range of AU$225 million to AU$230 million.

The company also expects operating earnings before interest, taxes, depreciation, and amortization of between AU$54.5 million and AU$56.5 million in the fiscal year, per the filing.

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