acquisitions
Back in mid-May Funeral Director Daily published this article entitled “Thinking of an ownership transition? Here’s some straight-forward advice on getting started”. It was an article predicated on advice from the folks at accounting and business strategy experts Clifton Larson Allen (CLA). We recently noticed another article from the people at…
Read MoreWe are a little bit late this month but here are the stories that our readers found most interesting over the last 30 days. . .well, actually the 30 days from January 15, 2023, to February 15, 2023. There’s something for everybody in these articles — acquisitions, buy-outs, local promotion, corporate thoughts, and…
Read MoreLast 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 MoreWe learned last week that Albuquerque, New Mexico, based French Funerals & Cremation was sold. The company, founded in 1907 by Chester French, and operated by descendants for the past 115 years, elected to keep the company private and sold to long-time French company executives Tom Antram and Alice Brousseau according to this article…
Read MoreStoneMor Inc., the Pennsylvania based operator of funeral homes and cemeteries announced the acquisition of Anderson Funeral and Cremation Services of Belvidere, Illinois, last week. According to this press release from StoneMor, company CEO Joe Redling said of the acquisition, “StoneMor’s acquisition of Anderson Funeral and Cremation Services is a valuable strategic move for us…
Read MoreA press release out of Batesville, Indiana, caught a lot of the death care profession off guard on Wednesday. That press release, which you can read here, was from Hillenbrand Industries and announced that the company would “explore strategic alternatives for its Batesville business”. Here’s what parent company Hillenbrand Industries President and CEO Kim Ryan…
Read MoreToronto-based Park Lawn Corporation, a funeral home and cemetery owner and operator, announced in this press release last week that it had acquired three businesses which constitute an addition of six stand-alone funeral homes, one stand-alone cemetery, three combination funeral home/cemetery properties, and five event centers. All businesses are located in their growing North Carolina…
Read MoreSeeking Alpha recently penned an article about death care public company Carriage Services entitled, “An Under Appreciated Performer in the Death Care Industry”. You can access that article here. Here’s a few quotes from the article: Carriage Services operates in the attractive death care industry, operating 171 funeral homes and 32 cemeteries in the United…
Read MoreEarlier this week Foundation Partners Group (FPG) announced that they have increased their location count to 12 in the state of Colorado by purchasing the entities affiliated with Seitz Funeral Services. In the press release which you can read here, Foundation Partners Group announced that the Seitz Funeral Services group includes Adamson Life Celebration Home,…
Read MoreI saw that quote in Microsoft’s 1st Quarter 2021 report last week and wondered how that will affect the death care industry. That’s not a unique thought for me because if you’ve followed my writing for any length of time you know that I like to look at other industries and then take what they…
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