Finance
As of Friday, March 17 we scoured our sources for any news on if the takeover of leading Australian death care provider InvoCare by United States based private equity firm TPG Capital was moving forward. It’s hard to say what is happening as it appears to look more and more like a “hostile”…
Read More
The last ten days or so most of America, and the rest of the civilized world, has wondered about the safety of the banking industry. As this is being written on Friday, March 17, we’ve already seen American banks Silicon Valley Bank (SVB) and Signature Bank closed by regulators and have seen some…
Read More
As small town funeral home operators we many times look at the acquisitions of the big public companies or the regional consolidators with a little envy about being able to do that ourselves. We look at how they get faster growth and more revenue and in many instances we know that we would like…
Read More
When it comes to the five remaining public company stocks that make up the Funeral Director Daily Death Care Index (DCI) we have heard from four of them as to their Quarter ending on December 31, 2022. We are just waiting to hear from the management of Security National Financial Corporation to finish up…
Read More
Late last month Anthem Partners announced they had passed the milestone of 2-years in business. The Frisco, Texas, based company has grown its operations in that time period. In their two years they have amassed a group of 80 operations in five states and two Canadian provinces. In a press release Anthem…
Read More
I think the title of this article poses an interesting question. And, I also believe it is one that is not easily answered. I’m writing this article on Monday, March 6, so that is the data that I will use. I was spurred to write the article when I saw in this…
Read More
Yesterday it hit the United States business markets that InvoCare, Australia’s largest death care provider was offered AUS$ 1.81 billion in a non-binding take-over offer. According to this article on the subject from Reuters, that would equate to an offer in the amount of US$ 1.22 billion. The offer has came from…
Read More
Park Lawn Corporation (PLC) released their 2022 4th Quarter and 2022 Year-End reports last week. In doing so they announced that their Revenue numbers for both the quarter and the year increased while their Net Earnings decreased in comparison to the 2021 4th Quarter and 2021 Year-End. You can see the press…
Read More
Funeral home and cemetery operator Carriage Services reported their 4th Quarter and Year End Financial Reports last week. You can access that report here. In doing so they reported that the number of “Services” the company conducted had dropped 2.9% as compared to the yearly results for 2021. The company conducted 47,184 services…
Read More
Last week North America’s largest funeral service company, Service Corporation International (SCI), announced in their 4th Quarter report “On the acquisition front, we had a very active fourth quarter investing $89 million in four separate transactions across the United States and Canada. These transactions added 14 funeral homes and 3 cemeteries, which included 3 combination locations.” And…
Read More
