Tag: mergers and acquisitions

Business

Are you ready for 2021. . . ready, set, Buy!

Over the years I’ve moved from really long-range planning about my business to a method where I plan for shorter durations.  I think my move has coincided with many who have went from developing long range “strategic” plans to plans that are shorter in duration, less set in stone, and allow a business to be more flexible and nimble as situations change. I think that trend has come to business in just the last several years, simply because “change’ in […]

Business

The world post-COVID

Shortly after the New Year’s bell rang my wife, Angie, and I headed out for one of the joys of retirement. . . extended time in a warm weather location that serves the purpose of shortening what can be fierce Minnesota winters for us.  One of our favorite locations is Hawaii and we left for there probably not having heard as yet of the coronavirus or what is now known as COVID-19. We enjoyed our time in Hawaii and while […]

Finance

StoneMor bucks the system

Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios.  What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation. StoneMor, based out of Trevose, Pennsylvania, operates approximately 320 cemeteries and 88 funeral homes in 27 states and Puerto Rico.  It is no secret that […]

Business

Oberlin-Turnbull add Hicksville chapel

The Oberlin-Turnbull Funeral Homes, which serve northwest Ohio and northeast Indiana, recently announced the acquisition of the Smith & Brown Funeral Home of Hicksville, Ohio, as their sixth operating chapel. According to the Oberlin-Turnbull Funeral Home and Crematory web-site the company has a history back to 1922 when it was known as the Oberlin-Ford Funeral Home.  Today’s funeral home continues to have Cliff Oberlin as a 3rd generation funeral director on duty. Again, according to the company website, Tom Turnbull […]

Finance

Park Lawn Corporation completes acquisition

Last Friday the Park Lawn Corporation, headquartered in Toronto, issued this press release which confirms that they have completed an  acquisition announced earlier in the year.  The press release tells of the completion of the Nashville, Tennessee area acquisition which includes Family Legacy, LLC, a business with 12 locations.  The acquisition also includes the membership units of WG-TN, LLC. The press release also indicates that the closing excludes one stand-alone funeral home that Park lawn Corporation had intended to purchase […]

Finance

New Year brings news of Foundation Partners adding to Tucson brands

In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the press release from FPG here. The press release states that the Adair Funeral Homes were founded in 1956 and at this time the third generation […]

Finance

Park Lawn rings in the new year with acquisition

Toronto based funeral home and cemetery operator Park Lawn Corporation (PLC) announced in a press release on January 2, 2020, that they had acquired two businesses under common control in Tennessee.  In this release PLC announced that they had purchased the stock and membership interests of Family Legacy, LLC and WG-TN, LLC (Harpeth Hills Funeral Home and Cemetery) from William Gregory. Both firms are located in the Greater Nashville, Tennessee area and, according to the release, “expand PLC’s strategic footprint […]

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

2nd generation family members make their mark

Today we will bring you a couple of stories we recently saw in the news pertaining to some things that are happening with a couple of 2nd generation New York state family funeral home operators. The first story deals with 27-year old Ryan Frary and his purchase of the Stuart-Fortune-Keough Funeral Home in Tupper Lake, New York.  Frary purchased the funeral home at the end of the summer and is re-naming it the Frary-Stuart Funeral Home.  Former owner Shawn Stuart […]

Finance

Service Corporation gets some positive spin from Yahoo Finance

Service Corporation International (SCI), the publicly traded acquirer and operator of funeral homes and cemeteries in North America is poised to report its 3Q 2019 results on October 30.  Prior to that happening, we noticed this short report in Yahoo Finance entitled, “Will Service Corporations’s strategies help maintain momentum?”. The Yahoo Finance article concludes that SCI is “gaining from its endeavors and demographic trends”.  It mentions how the company is aimed at utilizing scale and efficiently deploying capital to move […]