Propel Funeral Partners Limited (ASX:PFP) entered into a conditional sale agreement to acquire business, assets and certain freehold properties of Schnapper Rock Cremations on December 12, 2018. The consideration for the transaction and related transactions shall comprise NZD 17.1 million in cash, issuance of 1.21 million shares of Propel Funeral Partners and payment of NZD 1.25 million in cash if certain financial milestones are achieved during three years following completion of the transactions. In related transactions, Propel Funeral Partners entered into conditional sale agreements to acquire business, assets and certain freehold properties of Dils Funeral Services, Rowley Funeral Services and Martin Williams Funeral Directors. Propel intends to fund the cash amounts, if any, payable on completion from existing cash reserves and its $50 million undrawn debt facility. The transaction is subject to confirmatory due diligence and relevant consents from third parties. The transaction is completion is expected to occur in 2019. The transaction is expected to be earnings accretive in year one for Propel. Propel Funeral Partners Limited (ASX:PFP) cancelled the acquisition of business, assets and certain freehold properties of Schnapper Rock Cremations on December 12, 2019.