Private Equity claims another death care provider

By Funeral Director Daily / August 7, 2023 /

    While most of us have been anticipating some news on the acquisition front from Australia and the proposed takeover of InvoCare by TPG Capital or waiting for some news on the North American proposal of Park Lawn Corporation to acquire Carriage Services, news came late last week that Great Britain’s large direct cremation…

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SCI reports 2Q 2023. . . .we see a mixed bag of news

By Funeral Director Daily / August 3, 2023 /

      Service Corporation International (SCI) the largest Death Care business in North America reported their results for the 2nd Quarter of 2023 earlier this week.  They reported an increase in sales revenue of about 2.2% over the same quarter of 2022 — sales in 2Q2023 totaled $1.013 billion as compared to $990.9 million…

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Matthews CEO Bartolacci: “This is a different business than it was just 3 years ago”

By Funeral Director Daily / July 31, 2023 /

  Matthews International, parent company of Aurora Casket and Matthews Cremation, reported their 3rd Quarter 2023 results and 9-Month results for 2023 last week.  I think the overriding take on that report is that Matthews International has continued their growing revenue spurt moved mostly by their recent entrance into the energy storage solutions business.  …

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Opinions are opinions. . . Here’s two on the future of SCI

By Funeral Director Daily / July 26, 2023 /

        One has to realize that “Opinions are Opinions” and they may differ dependent on the author’s perspective.  I find it is always best to get multiple opinions when I contemplate major decisions.   What’s interesting with today’s blog topic is that I’ve recently found two opinions on the future of Death…

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Smith Family Funeral Homes is #1 in Arkansas reader poll

By Funeral Director Daily / July 24, 2023 /

    In my research into Funeral Director Daily topics I see lots of articles like this from around the country.  What made me stop and consider this article for publishing is not only my knowledge of the Smith family, but a thought I had when reading the article.  That thought being. . . “You…

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What’s fueling Matthews International’s growth

By Funeral Director Daily / July 19, 2023 /

        Most of us in the Death Care business recognize Matthews International as a trusted supplier in the monument, cemetery, cremation, and casket business.  However, this recent article from the Pittsburgh Post-Gazette gives us some insight into what has been fueling the company’s rise in stock price and potential future growth prospects.…

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Is Private Equity really paying 14 x for InvoCare?

By Funeral Director Daily / July 12, 2023 /

      This article from the Australian Financial Review states that, even as the due diligence period is being extended for giant private equity firm TPG Global in their pursuit of Australia’s largest Death Care company, InvoCare, it is purported that TPG’s offer is more than 14 times the forward forecast EBITDA for InvoCare.…

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How much debt is too much?

By Funeral Director Daily / July 7, 2023 /

  Funeral Director Daily ran an article last Friday on the offer made by Park Lawn Corporation in its quest to acquire Carriage Services.  You can read that article here.   One of the reader comments to the article indicated that Carriage Services carried “too much debt” and that was hampering, and will continue to…

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Park Lawn Corporation makes offer to acquire Carriage Services

By Funeral Director Daily / June 30, 2023 /

      The world of Death Care has once again proved pretty small.  In what was supposed to be a confidential offer, Park Lawn Corporation has confirmed, according to this Yahoo Finance article, that they have recently made a buy-out proposal to Carriage Services.   And, Carriage Services, in this company press release, has…

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Park Lawn acquires Georgia firm

By Funeral Director Daily / June 29, 2023 /

    “Park Lawn (Corporation) has further expanded its strategic growth in the southeast United States” according to a quote attributed to Park Lawn CEO J. Bradley Green in this press release from earlier this week.  The expansion Green it talking about is the acquisition of the Cobb Funeral Chapel and the Cobb Suncrest Memorial…

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