Finance
It was recently announced in this article from the Fillmore County Journal that Hoff Funeral and Cremation Service recently acquired the former Riley Funeral Homes in both Lanesboro and Chatfield, bringing their number of locations in southeast Minnesota to eight. The 3rd generation funeral business has quietley grown itself into one of Minnesota’s…
It’s been less than a month since a partnership of Homesteaders Life and private equity firm Birch Hill Partners announced their intention to acquire 100% of public funeral home and cemetery operator Park Lawn Corporation. As a matter of fact we are still about three weeks out from the July 29 stockholder vote…
It was announced in this press release yesterday from Global Atlantic Financial Group (Global Atlantic) that the company had formed a partnership with the largest provider of funeral, cemetery, and cremation services in North America, Service Corporation International (SCI). Announced in the press release as a “10-year partnership, Global Atlantic says it…
Matthews International is a company that according to this rating action from Fitch, collects 45% of its revenue from its Memorialization Segment and also brings home approximately 60% of its EBITDA from that source. As you may know, Matthews International is the parent company of Aurora Casket and Matthews Cremation and other death…
The Funeral Director Daily Death Care Index (DCI) which consists of five stocks that deal in Death Care in some way continued to move lower in the 2nd Quarter of 2024 which ended last Friday. As a matter of fact, the only stock in the DCI that moved forward in the 2nd Quarter…
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…
“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…
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…
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…
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…
