Propel Funeral Partners Limited (ASX:PFP) executed conditional sale agreement to acquire businesses, assets and a freehold property from Howard & Gannon Funerals Limited on February 4, 2019. In a related transaction, Propel Funeral Partners Limited executed conditional sale agreement to acquire businesses, assets and a freehold property associated with Waikanae Funeral Home and Kaitawa Crematorium. The proposed transactions include Cedarwood (a freehold funeral home), Kaitawa Crematorium, and a leasehold funeral home. The total purchase price payable on completion of the aforementioned transactions will comprise of NZD 6.4 million in cash (excluding completion adjustments and transaction costs) and up to NZD 0.69 million in cash if certain financial milestones are achieved during the 3 years following completion of the relevant transactions. Propel Funeral Partners intends to fund the amounts payable on completion of the proposed transactions from its cash reserves. Completion of the transaction is subject to satisfaction (or waiver) of conditions such as confirmatory due diligence and relevant consents from third parties and is expected to occur by June 30, 2019. The proposed acquisition is expected to be earnings accretive in year one. Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of businesses, assets and a freehold property from Howard & Gannon Funerals Limited on june, 2019