Propel Funeral Partners Limited (ASX: PFP) executed a condition sale agreement to acquire Business and certain freehold properties of Grahams Funeral Services on October 18, 2019. The consideration for the transaction shall comprise NZD 7.28 million in cash, issuance of 0.2 million ordinary shares of Propel Funeral Partners Limited subject to escrow arrangement for three years and payment of NZD 0.5 million in cash if certain financial milestone are achieved during three years following the completion of the proposed transaction. Propel Funeral Partners Limited intend to fund the cash amount payable on completion from its debt facilities. For the financial year ended March 31, 2019, the revenue of Graham Funeral Service is NZD 2.7 million. The transaction is subject to due diligence and is expected to completed by second quarter of financial year 2020. The proposed transaction is expected to earning accretive in year one. Propel Funeral Partners Limited (ASX: PFP) completed the acquisition of Business and certain freehold properties of Grahams Funeral Services on November 1, 2019. Australian Competition and Consumer Commission will not oppose the transaction.