Acquisitions: Two companies, two countries, two continents. . . and more
Today we will try to catch our readers up with what has been happening in the acquisition pipeline for a couple of the public companies. . . .
First of all, we will tell you that we received this press release last week from Park Lawn Corporation announcing the acquisition of the Forrest & Taylor Funeral Home Limited, a standalone funeral home business in Sutton, Ontario, Canada.
Forest & Taylor, according to the press release, performs “approximately 158 calls per year” and operates from one facility.
Here’s what the former owners of Forrest & Taylor, Greg and Carole Forrest, said of the transaction, “Since Forrest & Taylor began in the late 1880s, we have had the privilege of serving the families of Sutton and its surrounding communities. Through our partnership with Park Lawn, we are excited to be able to continue providing an unparalleled level of service with the tradition that began over a century ago.”
Park Lawn Corporation CEO J. Bradley Green made this comment, “We are pleased to continue building our strong operating position in the growing market north of Toronto through the acquisition of Forrest & Taylor, and we look forward to welcoming the Forrest & Taylor team into the Park Lawn family.”
Here is the website for the Forrest & Taylor Funeral Home.
From New Zealand we learned back in July that Propel Funeral Partners reached an agreement to strengthen their holdings in New Zealand when they announced that they had reached an agreement to purchase the Harbour City Funeral Home in the Wellington, New Zealand, area.
The company also announced that they had reached an agreement to purchase the Terry Longley & Son Funeral Services which operates in the Hawkes Bay region of New Zealand.
Harbour City Funeral Home operates from nine locations and Terry Longley & Son Funeral Services operates from three locations. The combined companies generated about US$ 7.75 million (AUS$ 12.0 million) in revenue in the latest year and the listed total purchase price for the combined transactions is listed at US$ 24.5 million (AUS$ 38 million).
Article — Propel Funeral Partners to acquire New Zealand funeral businesses for $AUS 38 million. News n’Releases
Here is the website for the Harbour City Funeral Home
Here is the website for Terry Longley & Son Funeral Services
The “. . and more” part of this article — Here is an article from Mergers and Acquisitions pertaining to the TPG Global private equity firm’s acquisition of Australia’s largest death care provider, InvoCare.
More news from the world of Death Care:
- Technology helps keep the dearly departed nearby. The Mesa Tribune (AZ)
- Maui funeral service workers on devastation of fires: “I’m in shock!” ABC News
- Arlington National Cemetery wants to know what you think about removing its Confederate memorial. Military.com
- Finch & Finch, Inc. Funeral and Cremation Service receives prestigious award for innovative programming, outstanding community outreach. The Altavista Journal (VA)
- As fewer Americans identify as Christian, funeral industry says demand for cremation is on the rise. The Christian Post
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