Finance
In this press release, that was released on Tuesday, April 11, we learned a little more about the evolution of StoneMor Inc. as it has transformed to a private company from a public stock ownership company. The press release announces that StoneMor Inc., and its grouping of 389 cemeteries, funeral homes, and cremation…
Read MoreDisagreements can be a part of any transaction. Today I’ll touch on a lawsuit that was filed last week that once again shows the importance of due diligence being necessary in any transaction. Last week we learned through this Wall Street Journal article that Mexican funeral service provider Servicios Funerarios had filed…
Read MoreLast week death care conglomerate Security National Financial Corporation reported their 2022 Year End results. As I was reading the press release, which you can access here, it occurred to me that their businesses were affected exactly as you would have thought considering the happenings in America’s business and social environments during…
Read MoreNatural Organic Reduction (NOR), sometimes referred to as “human composting” may not be my ideal choice of body disposition. But, that thought does not make me any less of a fan and admirer of Recompose founder Katrina Spade. Spade, in only a few short years has moved NOR from idea to proven…
Read MoreIt’s been an interesting first quarter if you are invested in the stock market. We’ve seen interest rates continue to rise and we’ve seen popular opinion on what that might do to technology companies vary. In addition, we’ve seen technology companies reduce their workforce even as some of their stock prices have increased.…
Read MoreThis article from Business News Australia, that came out on Monday, March 27, indicates that Australia’s largest provider of death care services, InvoCare has rejected a non-solicited offer of $Aus 1.8 billion (United States $1.2 billion) from American private equity player TPG Global made earlier this month. According to the article, TPG…
Read MoreLast week I had not even finished putting up Friday’s article which dealt with an acquisition when I was notified of another public company acquisition. This time the announcement came from Carriage Services and announced its acquisition of a group of three funeral homes, two cemeteries, and a cremation center based in the…
Read MorePark Lawn Corporation (PLC) whose website now states, “is the fastest growing company in the industry in North America”, announced last week that they have moved into the states of Iowa and Nebraska with the acquisition of Meyer Brothers Funeral Homes. Meyer Brothers Funeral Homes has, among their five locations, locations in…
Read MoreAs 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 MoreThe 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…
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