Finance
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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Park Lawn Corporation revealed their 1st Quarter of 2024 financials last week and you can access them here. The 1st Quarter of 2024 marks the first quarter of operations for the company coming off the disposition via sale to Everstory Partners of 72 cemeteries and 11 funeral homes that was consumated in December…
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Editor’s Note: This was our feature article for last Friday morning. However, for some reason still unknown to us, the server we contract to support our website was down for a few hours early in the morning. So, if you missed this article, here it is. . . . Matthews International reported their…
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Funeral home consolidator and operator Carriage Services reported their financial results for the 1st Quarter of 2024 last week. In the Earnings Call following the release of the financials Carriage Services CEO and Vice-Chairman of the Board Carlos Quezada commented that the $100 million in quarterly revenue for the company represents “A significant…
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Service Corporation International (SCI) reported their 1st Quarter 2024 financial results last week. North America’s largest death care provider did show an increase in revenue of 1.6% to about $1.045 billion for the quarter, but showed Operating Income dropping 5.6% from the comparable 1st Quarter of 2023 and also showed a decrease of…
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