Tag: funeral acquisitions

Business

Expansions, acquisitions, new ownership. . . all part of what makes American small business what it is

We spend an inordinate amount of time telling our readers of what is happening in the large public companies that make up that constellation in the death care universe.  Don’t get me wrong, that information is good to have, easy to obtain as it is public by law, and much can be learned by seeing what the “Big Boys” of the profession are up to. However, in the death care industry – funeral homes, cemetery, preneed, and monuments – I’m […]

Finance

Park Lawn CEO Andrew Clark announces departure

Members of the death care media were informed yesterday via press release that the CEO and Chairman of Toronto based Park Lawn Corporation (PLC), Andrew Clark, would be stepping down as Chairman and CEO of the company.  You can read the press release here. The release quoted Clark as saying, “It has been a tremendous privilege to lead PLC and build a strong and highly capable management team over the last eight years.  I am grateful to have led a […]

Finance

Carriage Service’s 3rd Quarter. . . CEO speaks on new opportunities, letter of intent

Last week funeral home and cemetery consolidator and operator Carriage Services reported their 3rd quarter results for 2019.  After some disappointing results in the past year, the 3Q report was filled with enough upside results to put a little jump in the step of Carriage Service executives and stockholders.  You can see the company results here. Strictly from a revenue point of view, Total Revenue jumped almost 3% (or about 5.5% if “divestment revenue” is taken out from the equation […]

Finance

Carriage Services adds Texas location

It was announced yesterday in this press release that funeral home and cemetery consolidator Carriage Services had acquired the Rest Haven Funeral Home and Cemetery, based in Rockwall, Texas.  The press release went on to say that this purchase represents Carriage Service’s first foray into the large and strategic market of Dallas-Fort Worth. Again, according to the press release, Rest Haven has been in business for fifty years and also has locations in Rowlett and Royse City, Texas.  The press […]

Business

When to hold ’em, when to fold ’em and the acquisition movement

Last week I read this article from the Minneapolis Star Tribune focused on the Fortune 500 company, General Mills.  General Mills is a Minneapolis based company – and has been for a long time – which leads to much media coverage for them in the state of Minnesota.  The article pertained to the fact that General Mills has had a rebound in stock price and the article credits it to the company’s “pivot” in strategy at just the right time. […]

Finance

Foundation Partners divests location

It was announced on Friday in this article that the Shaw & Sons Funeral Home of Yakima Valley, Washington, was under the ownership of Jamin and Kara Mohler.  According to Jamin Mohler who stated, “Shaw & Sons has once again become a family-owned, local, neighbor-serving-neighbor funeral home”. The funeral home was started in 1899, and is celebrating its 120th year of business in the Yakima Valley this year.  The article states that in the late 1980’s the funeral home came […]

Finance

Acquisition News — Foundation Partners/InvoCare

Foundation Partners, based in Orlando, Florida recently announced that they had made an acquisition to their family of brands.  They announced that they had acquired Legacy Funeral & Cremation Care in San Diego County, California.  You can read a press release here. The purchase from the Savino family represents an opening into the San Diego market for Foundation Partners. Legacy appears to be a low cost provider of cremation services with their web-site listing Direct Cremation beginning at $895 and […]

Finance

Park Lawn to acquire Signature Group and Citadel Management

  When Funeral Director Daily made our 2018 predictions, one that we made was that we thought Canadian funeral and cemetery operator, Park Lawn Corporation, would be aggressive in building its network of funeral homes and cemeteries in the United States.  If you did not agree even when they made a purchase of approximately $US 50 million to purchase New York and New Jersey cemetery operator CMS Mid-Atlantic, you have to agree the newest move announced yesterday proves our point. […]

Business

Two Missouri Funeral Homes Become One

An article that appeared recently on the Bolivarmonews.com web-site which you can read here announced the merger of two funeral homes in Buffalo, Missouri into one facility.  It was announced that the Cantlon-Otterness Funeral Home and the Montgomery-Viets Funeral Home will become one entity owned by the Howe family of Lebanon, Missouri. The Howe family has ownership in the area of six other facilities.  The two funeral homes merging into one will operate out of the Cantlon-Otterness location in Buffalo […]

Finance

Park Lawn Continues Acquisition Spree

Yesterday Park Lawn Corporation announced another acquisition of a funeral home.  Fresh off the announced purchase of seven cemeteries in New York and New Jersey last week for a combined price of close to $50 million, the Toronto based company announced the purchase of the Billingsley Funeral Home in Huntsville, Ontario. In a press release from Business Insider that you can read here Andrew Clark, Chairman and CEO of Park Lawn Corporation, stated, “Billingsley’s proximity to our existing operations in […]