Tag: mergers and acquisitions

Carriage Services adds Texas location
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 […]

2nd generation family members make their mark
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 […]

Service Corporation gets some positive spin from Yahoo Finance
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 […]

StoneMor keeps moving towards turnaround
Finance

StoneMor keeps moving towards turnaround

StoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company.  As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation.  You can read their press release here: In essence, here are some of their moves as they continue to execute their plan to bring the company back to business […]

The Federal Funds rate and your funeral home
Finance

The Federal Funds rate and your funeral home

Next week the United States Federal Reserve Board will meet in one of their eight yearly meetings.  This group of monetary experts meets to discuss our country’s monetary policy and set the interest rate that the government charges banks for government funds.  Virtually all other rates in the world are then set based on what is referred to as the “Federal Funds Rate”. While it is national and international news each and every time this board meets, the actions that […]

Foundation Partners Group keeps rolling along
Finance

Foundation Partners Group keeps rolling along

Foundation Partners Group (FGP), headquartered in Orlando, Florida, announced earlier this week the acquisition of the three location Beers & Story Funeral Homes in Western Massachusetts.  Here is the FGP press release pertaining to the acquisition. Beers & Story is a three generation firm that can trace its roots to the early 1900’s when Bert Beers opened the Bert L. Beers Funeral Home in Palmer, Massachusetts. A quote from the press release goes, “With regulations and HR issues getting more […]

Foundation Partners adds another Colorado location
Finance

Foundation Partners adds another Colorado location

The state of Colorado has been a hotbed of funeral home and crematory acquisitions in the last couple of years.  Many of  the larger players in the death care space, Service Corporation International, Park Lawn Corporation, and Foundation Partners Group, have all made acquisitions in the state during that time frame. It was announced on Monday that Foundation Partners Group was making another acquisition in the state when a press release, that you can read here, was released by the […]

Foundation Partners adds Denver locations
Finance

Foundation Partners adds Denver locations

It was announced last week that Orlando based funeral and cemetery operating company Foundation Partners Group had acquired All-States Cremation and its three associated businesses in the state of Colorado.  The acquisition marks Foundation Partners entrance into the rapidly changing Colorado market.  You can read more about the transaction from this press release. All-States Cremation, which also operates All Veterans Funeral & Cremation, All Mortuary of Colorado, and A Basic Cremation, were founded in 1986 in Denver, Colorado by Tom […]

Foundation Partners divests location
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 […]

Security National Memorial segment increases revenue by 15%
Finance

Security National Memorial segment increases revenue by 15%

Security National Financial Corporation, the Utah based financial and death care company showed a total company decrease in revenue for the 2019 1st Quarter as compared to the same quarter in 2018.  You can see their 1st Quarter report here which was made public on May 16. However, even as the company experienced a decrease in total revenue and income they did show solid year over year gains, both in revenue and earnings, in their Memorial segment, which consists of […]