Finance
Last Friday the Park Lawn Corporation, headquartered in Toronto, issued this press release which confirms that they have completed an acquisition announced earlier in the year. The press release tells of the completion of the Nashville, Tennessee area acquisition which includes Family Legacy, LLC, a business with 12 locations. The acquisition also includes the membership…
Read MoreI will preface this article to say that it is being written on Friday, January 10. Because of that all prices quoted come from the end of the day on Thursday, January 9. I will also say I am not a stock security analyst and all opinions are mine alone. Finally, I do own stock…
Read MoreIn a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the…
Read MoreToronto based funeral home and cemetery operator Park Lawn Corporation (PLC) announced in a press release on January 2, 2020, that they had acquired two businesses under common control in Tennessee. In this release PLC announced that they had purchased the stock and membership interests of Family Legacy, LLC and WG-TN, LLC (Harpeth Hills Funeral…
Read MoreAt least one source has indicated in a news story that Houston based Service Corporation International (SCI) has purchased historical family funeral business properties in Baton Rouge, Louisiana. The Greater Baton Rouge Business Report reported yesterday in this article that SCI has, at a minimum, purchased the property of the Rabenhorst Funeral Home in Baton…
Read MoreWe learned last week that one of the northwest United States premier funeral home families has decided to cast their lot with Foundation Partners Group (FPG). Musgrove Family Mortuaries and Cemeteries, based in Eugene, Oregon, announced last week that they had been acquired by FPG. You can see the press release from Foundation Partners Group…
Read MoreIn a press release dated today out of Murray, Utah, we learned that the Security National Financial Corporation (SNFC) has closed on its purchase of the Kilpatrick Life Insurance Company domiciled in Louisiana. Both companies operate to some degree in the pre-need funeral funding insurance market. You can read the press release as provided from…
Read MoreIn my morning e-mail on investment opportunities this morning was an opinion on Service Corporation International. Michael Gayed of Seeking Alpha wrote a short piece on SCI as an investment opportunity that I thought I would pass on to my readers. You can read Gayed’s piece here. What I found interesting in the article was…
Read MoreAs reported last week on Funeral Director Daily, Carriage Services has hired William Goetz as its new Chief Operating Officer. Late last week we learned that Goetz has came out of the chute by showing confidence in the company the he will lead. It was reported in this article that on Wednesday, December 11, 2019,…
Read MoreIt seems that we are announcing acquisitions by the Foundation Partners Group in rapid succession. Today we bring you the news that last week it was announced that Foundation Partners Group announced in this press release that they had purchased two funeral/cremation companies on the east, or Space Coast, side of Florida. The two firms…
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