Finance
Park Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth. The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal…
Read MorePark Lawn Corporation announced last week that they had purchased Christie’s Funeral Home and Crematorium in Yorktown, Saskatchewan. The announced purchase price was $1.96 million (Canadian). You can read the press release here. The company announced that it was a strategic fit and will build upon their operations in Manitoba and Saskatchewan. They also announced…
Read MoreIt was announced at the close of business yesterday that Carriage Services, a publicly traded death care industry consolidator, had acquired the five funeral homes under the ownership of the Thomas F. Dalton Funeral Homes on Long Island, New York. According to Carriage Services CEO Mel Payne, “The partnership with Thomas F. Dalton Funeral Homes…
Read MoreIt’s been a little over three months since we visited the Death Care Index or DCI. The DCI is Funeral Director Daily’s gauge for checking up on the investment return of death care companies who operate in the public ownership market. At the close of business on November 30, a day in which the Dow…
Read MoreMatthews International issued a press release last Thursday, November 16, reporting on their 4th quarter and 2017 year end results. It is a report eerily similar to Hillenbrand’s 2017 year end report in that the report was overall excellent but both companies saw sales in their casket units drop. You can read Matthews press release…
Read MoreOver the last week I ran into an article in the Australian news about the funeral service provider Propel Funeral Partners. You can read the article for yourself here. Propel Funeral Partners has been in business for over five years but just last week took its stock public on the Australian Stock Exchange raising $131…
Read MoreLast Wednesday Hillenbrand Industries reported 4th quarter 2017 and full year 2017 results. For both the quarter and the year the company reported that company’s overall revenue had grown about 3% overall. For both the quarter and the year, however, revenue increased in the Process Equipment segment of their business and decreased in the Batesville…
Read MorePark Lawn Corporation today released the results of their 3rd Quarter operations. The company reported that their revenue increased by over 29% to a $22.4 million mark in 3Q 2017 as compared to $17.3 million in 3Q 2016. All dollar figures are reported in Canadian dollar figures. The company had several one time non-recurring expense…
Read MoreLate on Thursday Carriage Services issued two press releases indicating that they had closed the purchases of two funeral firms in the corridor between Denver and Fort Collins, Colorado. The public death care company announced that they had acquired Carroll-Lewellen Funeral and Cremation Services in Longmont, Colorado and also acquired the Viegut Funeral Home in…
Read More
