So nothing to do with any of the acquisitions they made last year?
Acquisitions During FY22, Propel reviewed a number of potential acquisition opportunities and committed $21.0 million12 on the following six acquisitions in Australia and New Zealand: • Berry Funeral Directors: located in Norwood, SA which has been providing funeral services in Adelaide since 1934; • Glenelg Funerals: located in Glenelg, SA which has been providing funeral services in Adelaide for over 25 years; • State of Grace: a funeral services provider which operates from two locations in Auckland, NZ; • Carol and Terry Crawford Funerals: which has been operating in Geelong, VIC for over 20 years; • Eagars Funerals: which has been operating in New Plymouth, NZ for over 60 years; and • McKee Funerals: which has been operating in Perth, WA for over 20 years.
