Finance
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.…
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…
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…
“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…
In this press release from last Thursday it was announced that some leadership position changes at publicly held funeral home and cemetery operator Carriage Services were underway. First and foremost was the announcement that former company Chief Operating Officer and President Carlos Quezada was being promoted to the position of Chief Executive…
In this article from earlier in June, the Chattanoogan.com announced that the Hamilton Funeral Home of Hixson, Tennessee, was acquired by a subsidiary of Service Corporation International (SCI). It was also noted in the same article that Tom Wilson has been named the manager of the facility which was apparently purchased by SCI…
Earlier this week Park Lawn Corporation (PLC) announced that it had reached a definitive agreement to acquire substantially all of he assets of Ward Funeral Home Limited. Ward Funeral Home Limited operates three stand-alone funeral homes in the Greater Toronto, Ontario, Canada area. Here’s what Park Lawn Corporation CEO J. Bradley…
PlotBox, in this recent press release, announces that they have received a US$ 6.2 million capital investment from Guiness Ventures and other existing investors. The press release states that the company, “Headquartered in Northern Ireland with offices in the United States and Australia, . . . has grown over the last decade…
If you are in business, or want to be, you need to know more than the basics of finance. There are all kinds of ways to raise money which includes bank loans. Today our friends from Live Oak Bank take over the editorial duties at Funeral Director Daily and tell us the difference…
All three major indexes of the U.S. stock market, the Nasdaq Composite, the S&P 500, and the Dow Jones Industrials grew by 1% or more on Friday. That convinced me that, over the long weekend I should take a look at how the public companies that deal with Death Care have fared for…
