InvoCare Limited, the market leading funeral home firm in Australia, announced Friday that it will be closing on two acquisitions from the South Island of New Zealand on June 22. You can read a clip about this from Motley Fool Australia here.
The company will acquire Hope and Sons Funeral Directors in Dunedin and Whitestone Funerals in Oamaru. According to the article, Hope and Sons has been in business for 130 years and is in its fifth generation of ownership. Whitestone has been in business for 140 years.
The acquisition will add about 1,340 services to the InvoCare company and revenues of about US $4.8 million.