Finance
This article from Business News Australia, that came out on Monday, March 27, indicates that Australia’s largest provider of death care services, InvoCare has rejected a non-solicited offer of $Aus 1.8 billion (United States $1.2 billion) from American private equity player TPG Global made earlier this month. According to the article, TPG…
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Last week I had not even finished putting up Friday’s article which dealt with an acquisition when I was notified of another public company acquisition. This time the announcement came from Carriage Services and announced its acquisition of a group of three funeral homes, two cemeteries, and a cremation center based in the…
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Park Lawn Corporation (PLC) whose website now states, “is the fastest growing company in the industry in North America”, announced last week that they have moved into the states of Iowa and Nebraska with the acquisition of Meyer Brothers Funeral Homes. Meyer Brothers Funeral Homes has, among their five locations, locations in…
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As of Friday, March 17 we scoured our sources for any news on if the takeover of leading Australian death care provider InvoCare by United States based private equity firm TPG Capital was moving forward. It’s hard to say what is happening as it appears to look more and more like a “hostile”…
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The last ten days or so most of America, and the rest of the civilized world, has wondered about the safety of the banking industry. As this is being written on Friday, March 17, we’ve already seen American banks Silicon Valley Bank (SVB) and Signature Bank closed by regulators and have seen some…
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As small town funeral home operators we many times look at the acquisitions of the big public companies or the regional consolidators with a little envy about being able to do that ourselves. We look at how they get faster growth and more revenue and in many instances we know that we would like…
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When it comes to the five remaining public company stocks that make up the Funeral Director Daily Death Care Index (DCI) we have heard from four of them as to their Quarter ending on December 31, 2022. We are just waiting to hear from the management of Security National Financial Corporation to finish up…
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Late last month Anthem Partners announced they had passed the milestone of 2-years in business. The Frisco, Texas, based company has grown its operations in that time period. In their two years they have amassed a group of 80 operations in five states and two Canadian provinces. In a press release Anthem…
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I think the title of this article poses an interesting question. And, I also believe it is one that is not easily answered. I’m writing this article on Monday, March 6, so that is the data that I will use. I was spurred to write the article when I saw in this…
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Yesterday it hit the United States business markets that InvoCare, Australia’s largest death care provider was offered AUS$ 1.81 billion in a non-binding take-over offer. According to this article on the subject from Reuters, that would equate to an offer in the amount of US$ 1.22 billion. The offer has came from…
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