Tag: funeral home mergers

Finance

Park Lawn reports 1Q 2019

It will come as no secret to anybody that Canadian funeral home and cemetery operator Park Lawn Corporation increased their revenue in the First Quarter of 2019 over that of the same period in 2018.  Due to the number, size, and scope of their acquisition activity it was not a matter of increasing revenue, it was a matter of how much. Park Lawn Corporation, in a press release that you can read here, announced that their 1Q revenues for 2019 […]

Finance

Park Lawn makes another splash

Toronto based funeral and cemetery services provider Park Lawn Corporation announced last week that they have entered into agreements to acquire the assets of Horan & McConaty Funeral Services and the assets of the Baue Funeral Home Company.  The press release and more information that you can read from Yahoo Finance here, indicate that the purchase price of the two operations will total approximately $101.5 million in U.S. funds. “The acquisitions of Horan and Baue are a unique and extremely […]

Finance

Funeral Service and Public Companies – Part 2 – Carriage Services

Carriage Services is a funeral home and cemetery acquisition company that, according to Reuters, operated 181 funeral homes in 29 states and operated 32 cemeteries in 11 states as of August 28,2018.  According to their own history from their web-site they were founded in 1991 and had their initial public offering (IPO) to become a public company in 1996.  You can see a map of their properties from the web-site here. I would like to begin and inform any reader, […]

Finance

Spanish Funeral Firms Consider Merger

The second and third largest funeral home firms in Spain are considering a merger according to this article from Reuters.  Santa Lucia’s subsidiary Albia and Mapfres’ subsidiary Funespana are the number two and three in funeral services in the country and are contemplating teaming up to become a company that would do about $229 million (U.S. dollars) in revenue.  For perspective, $229M in revenue would be about 90% of the size of U.S. based publicly traded funeral services company Carriage […]

Business

This is happening more and more. .and for good Reason

I read an article that you can read here pertaining to what is announced as a merger, but in reality looks like an acquisition.  This announcement talks about two funeral homes in Ohio that have “merged” operations.  It is about the Billow Funeral Homes and Crematory and the Bissler & Sons Funeral Home and Crematory. Rick Bissler began planning for retirement and knew that he had no family members in place to succeed himself.  That is a common thread in […]

Business

Dignity Memorial adds representation on Florida’s West Coast

According to a release published in the Sarasota Business Observer, funeral professional Robert Toale and his family have joined the Dignity Memorial Network in Sarasota and Manatee Counties of Florida.  Again, according to the release, Dignity Memorial now has 2,000 funeral, cremation, and cemetery service providers in its network.  You can read the release here. The release goes on to say that three funeral homes have also slightly changed their names and that two of the chapels will be renovated. […]

Finance

Park Lawn completes Signature Deal

At the close of business Monday, May 7, Park Lawn Corporation announced that it had completed its announced purchase of Signature Funeral and Cemetery Investments, LLC (the Signature Group) for approximately US$123 million.  You can read the press release from Stockhouse here. According to Park Lawn CEO Andrew Clark, “With the acquisition of Signature Group, we now have the team in place to build a consolidated and integrated US business platform. ” The release also states that Signature Group leadership […]

Business

Cremation Society of New Hampshire Expands into Vermont

The Phaneuf Funeral Homes and Crematorium announced last month, according to this article in The Manchester Link, that they had purchased the Ker Westerlund Funeral Home which has served the Brattleboro, Vermont, area for more than 150 years.  The Phaneuf family of operations also includes the Cremation Society of New Hampshire and this location will be the company’s first foray into Vermont. The Ker Westerlund Funeral Home has already been branded Ker Phaneuf and according to “Buddy” Phaneuf, President and […]

Business

Jake Johnson on the Merger and Acquisition Market

With so much talk about the mergers and acquisitions in the death care industry of late, I thought it would be insightful to get the thoughts of Jake Johnson, President and CEO of Johnson Consulting Group on the subject. Mr. Johnson guides the company whom many consider to be the premier total solutions provider in the death care industry.  For more information on Johnson Consulting, including a webinar on the acquisition market, you can access their web-site here. Here are […]