Finance
According to this article from Yahoo, Great Britain’s largest public death care company, Dignity plc, has accepted a buyout offer from a consortium that includes its largest shareholder group and one of the country’s wealthiest and well-known entrepreneurs. The shareholder group is Phoenix Asset Management Partners (PAMP) which, in another interesting twist, is managed…
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We learned last week that Albuquerque, New Mexico, based French Funerals & Cremation was sold. The company, founded in 1907 by Chester French, and operated by descendants for the past 115 years, elected to keep the company private and sold to long-time French company executives Tom Antram and Alice Brousseau according to this article…
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Reuters reported last week that Dignity plc, Great Britain’s largest provider of death care services “(was) in advanced talks with a consortium compris(ed) of investment firms SPWOne V Ltd. and Castelnau Group Ltd. after it received unsolicited buyout proposals from the consortium in October and November last year.” The talks centered on the…
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Last week a press release came out of Matthews International that seemed to show them on their way to executing their plans in the energy storage solutions business. CEO Joseph Bartolacci commented in the release as such, “We are very pleased to see continued strength in orders for our energy storage solutions. This order…
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It will come as no surprise to any of you who pay attention to the investments in your 401k or IRA accounts, but the Funeral Director Daily Death Care Index (DCI) took a step backwards in monetary value during the calendar year 2022. The DCI now measures five companies with a business component in…
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Anthem Partners, the privately-held operator of funeral homes and cemeteries, announced via press release last week that it had acquired a business that operated three funeral homes in the San Joaquin Valley area of California. That funeral business was Sterling & Smith Funeral Directors, Inc. The company has owned and operated facilities in Fresno,…
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Editor’s Note: In keeping with Funeral Director Daily’s recent trend at year-end we are bringing you more information on what to look for as we move into 2023. The following is from (with permission) the Foundation Partners Group (FPG) website and is an interview with FPG’s Zach Mayer, the head of the company’s Nationwide…
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Last week funeral home and cemetery consolidator and operator Carriage Services announced the pending acquisition of Greenlawn Funeral Homes and Cemeteries of Bakersfield, California. In the same press release, that you can read here, the company took the time to outline what they call their “High Performance and Credit Profile Restoration Plan” (HPCPRP). …
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The first sentence from this article in The Star says all that needs to be said about what changes an investor group at Matthews International wants to take place, “Activist investor Barington Capital Group has built a stake in Matthews International Corp and argues the company needs to refresh its board, cut costs and…
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Joe Redling led cemetery and funeral home operator StoneMor through a time of transition. That transition culminated with the public company being taken private in a buy-out from Axar Capital Management in early November 2022. While the company is now a private enterprise concern and Funeral Director Daily has no access to its financial operations,…
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