Propel Funeral Partners Limited (ASX:PFP) executed a sale agreement to acquire all assets of Brindley Group Pty Ltd from Brindley Group Pty Ltd and its associated entities on December 13, 2017. The assets include funeral businesses, assets and certain freehold properties. As announced on December 21, 2017, the purchase price is AUD 15.4 million (excluding closing adjustments and transaction costs). Propel intends to fund the transaction from cash reserves. The staff at Brindley will join Propel. The assets generated revenues of approximately AUD 11 million for the fiscal year 2017. The deal is subject to satisfaction (or waiver) of customary conditions relating to matters such as consents to the assignment of key contracts and confirmatory due diligence. The transaction is expected to be completed by March 31, 2018 and is expected to be accretive to Propel’s earnings in year one. Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of all assets of Brindley Group Pty Ltd from Brindley Group Pty Ltd and its associated entities on January 31, 2018.