Finance
Service Corporation International (SCI) is the largest operator in North America among funeral home and cemetery operators. They will do somewhere near $4.2 billion in revenue this year while we believe their largest competitors, Carriage Services and Park Lawn Corporation will do somewhere about $400 million and $300 million respectfully. In essence, by…
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“The company’s attractive business model and growth potential made it appealing to private equity buyers.” . . That’s one of the three bullet point remarks about the proposed Park Lawn Corporation sale made at the beginning of this piece by Sandpiper Investment Research that was published Wednesday, June 12 by Seeking Alpha. Here’s…
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Last Monday, June 3, Park Lawn Corporation (PLC) made an announcement through this press release that they had an agreement to be acquired by Viridian Acquisition Inc., a company formed with assets of Homesteaders Life Company and Birch Hill Equity Partners. The announcement stated that Viridian would “purchase all of the issued and…
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If you follow the Death Care financial markets, and even if you don’t but are involved in funeral service, it would have been hard for you to miss the number of “take-private” company movements from public company domains in the last couple of years. I’m reminded of this by last week’s announcement that…
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In news that was announced late on Monday, funeral home and cemetery operator Park Lawn Corporation announced that the company is planning on being taken private through a partnership that includes Birch Hill Equity Partners Management and an affiliate of Homesteaders Life Company, Viridian Acquisition. Here is the press release that Park…
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Today is already the first week day of June 2024. . . . At least in my part of the world Summer is in full-swing. And as we move into June we are leaving all the Death Care news of May behind us and heading into the final month of the 2024’s 2nd…
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Earlier in May Propel Funeral Partners (PFP) of Australia and New Zealand announced the acquisition of three funeral service firms and one company that supplies headstones and monuments to consumers. You can read a short press release on this occurence here. The press release announces the purchase of the following: Brunswick Valley…
Read MoreDreams, ambitions, expansion, strategy, and growth all find their way into funeral home transactions
Interest rates have risen, inflation has caused prices to move upward, but Death Care businesses, especially funeral homes continue to find ways to transition ownership. There’s been a discussion about what will the return to normal after the pandemic coupled with some financial upheaval because of the economics of today do to the…
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There is no other way to say it other than to say that Security National Financial Corporation (SNFC) had a blow-out 1st Quarter of 2024 when it comes to Earnings. The company’s Earnings Before Taxes jumped 507% as compared to the 1st Quarter of 2023. Here’s part of what SNFC’s Chairman of…
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Earlier in May the Attorney General of the State of California issued a press release which you can read here announcing an agreement with Service Corporation International (SCI) over an eight-year dispute on how SCI delivered on their preneed funding. In essence, concerning preneed sold through SCI’s Neptune and Trident locations in…
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