Finance
In this press release from Tuesday, September 10, Park Lawn Corporation (PLC) CEO J. Bradley Green announced both that the PLC leadership team had some changes to it and also that the company had acquired operating locations in North Carolina and Texas. In probably the most noticeable move of the executives, it…
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Roughly 18-months into their journey as an individual operating company, Batesville has made their first acquisition. And, it should come as no surprise that the acquisition expanded the company’s technology offerings. It was announced last week, in this press release, that Batesville has acquired Halcyon, a deathcare management system. Batesville CEO Chris Trainer…
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In a press release from yesterday we learned that funeral home and cemetery operator Foundation Partners Group (FPG) has acquired the end-of-life planning company Cake. The press release, which you can access here, states “Foundation Partners Group, the second largest provider of funeral services in the United States, today announced the acquisition of…
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Last week we learned of an August 1, 2024, event which required the filing of a Securities and Exchange (SEC) Form 13G. That event was the acquisition of more than 5.0% of the common stock of Carriage Services by an entity. As you can see from this form, provided by the Carriage Services…
Read MoreToday marks the end of the financial markets for the first 2/3 of the calendar year 2024. We figured that would be a good time to look at how the financial markets have treated those stocks that still remain in the Funeral Director Daily Death Care Index (DCI). We found…
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When one looks at the totality of the 2nd Quarter 2024 report for Security National Financial Corporation (SNFC) you would have to say that “overall” it was a pretty good quarter for the company —- total revenues increased 2.3% over the same period in 2023 and Earnings before Taxes jumped 15.2% to $9.3…
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Over the last couple of weeks the sale of Park Lawn Corporation to Viridian Holdings LP was consumated. Viridian Holdings LP is, according to the Park Lawn Corporation website, “a limited partnership collectively owned by Homesteaders Life Company and certain funds the general partner of which is Birch Hill Equity Partners Management…
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Matthews International, the parent company of Matthews Aurora Casket and Matthews Cremation reported their April, May, and June 2024 quarter in early August. The company reported a revenue drop of 9.4% in total and a revenue drop of 3.0% in the Memorialization segment for that quarter when compared to the same period in 2023.…
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We received this press release yesterday that spells out that Park Lawn Corporation received approval (The Final Order) from the Ontario Superior Court of Justice that allows for the transfer of ownership of the company from Park Lawn Corporation to a company called Viridian Acquisition Inc., which is a wholly-owned subsidiary of Viridian…
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Carriage Services, the large Houston-based operator of funeral homes and cemeteries, reported their 2nd Quarter 2024 financials last week. (You can access the report here.) The report marked the second straight quarter in which they have recorded over $100 million in revenue. . . posting revenue of $102.3 million in 2Q24 which compares…
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