InvoCare (ASX:IVC) has announced that it has entered into a conditional sales agreement to acquire Albury Wodonga based funeral and cremation services business Lester & Son.
The funeral services provider says the acquisition is expected to complete by the end of July.
Lester & Son is the fifth acquisition by the company this calendar year.
The Victorian funeral business is well established in the region and generates revenue of around $3.5 million per annum.
Invocare says the acquisition provides an exciting opportunity to build on regional strategy and provides access to a highly attractive market.
Shares in Invocare (ASX:IVC) are trading 1.31 per cent higher to $13.88.