Tag: acquisitions

Finance

StoneMor announces acquisition of Illinois funeral home

StoneMor 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 in the northern Illinois market.  Anderson Funeral and Cremation Services has been serving the families of northern Illinois for many years and is a deeply […]

Finance Products

Hillenbrand ponders Batesville Casket’s future

A 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 said in the release, “Today’s announcement is a defining moment for Hillenbrand, building on the exceptional work our teams have done to position our businesses […]

Finance

Park Lawn Corporation announces three acquisitions

Toronto-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 and Tennessee market areas. The companies acquired include Pugh Funeral Homes and New Hope Memorial Gardens in North Carolina, Smith Funeral & Cremation Service and […]

Finance

Carriage Services called “An under appreciated performer in the Death Care industry”

Seeking 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 States.  The industry is attractive, although it is still extremely fragmented The business generates significant cash flow and returns on equity currently exceed 20%. Its […]

Finance

Foundation Partners adds to growing Colorado number of facilities

Earlier 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, Northern Colorado Crematory, Viegut Funeral Home, and Best Friends Pet Crematory. John Seitz has served as a funeral service professional for 20 years and in […]

Business

Microsoft: “. . . digital adoption curves aren’t slowing down”

I 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 are learning and try to figure out how it will eventually affect us. I think what Microsoft had to say speaks volumes to how we […]

Finance Preneed

National Guardian Life to acquire Everplans

According to this article National Guardian Life (NGL), a mainstay in the funeral preneed insurance market, has announced that it has acquired the company Everplans.  Everplans is described in the article as a digital life planning company that “helps consumers store, organize and share important documents online, and helps users get started with estate planning.” Again, according to the article, Madison, Wisconsin, based National Guardian Life branched out a few years ago by adding Long-Term Care insurance to its portfolio […]

Finance

International acquisitions – Propel adds Kiwi firms, Ontario firm happy after one year

We learned last week that Propel Funeral Partners that operates out of Australia and New Zealand had purchased the Dils Group which has locations in New Zealand and Australia.  The Dils Group is said to have performed about 800 services last year and brought in revenue of about US $ 4.96 million. You can see a video and story on this acquisition from the Finance News Network here. That revenue of about US $ 4.96 million would equate to about […]

Finance

Park Lawn Corp reports 2Q 2020, CEO Green answers acquisition questions

Toronto based Park Lawn Corporation (PLC) reported its 2nd Quarter 2020 financial situation last week.  In it they reported great success on revenue growth and Adjusted Net Earnings.  CEO Brad Green commented on the financial report in saying, “We have grown together as an organization and are poised to continue with our projected growth targets.”   In the quarterly report that you can read here you will find that growth-oriented Park Lawn’s revenues grew from $58.6 million in 2Q 2019 to […]

Business

Is the Demographer the most important person in the corporate funeral office complex

I was talking to a colleague about a recent funeral home acquisition and asking what he thought of the transaction.  His comment startled me in that he said, “I hope they didn’t pay too much because no one dies in that community anymore.”  His implication was that the community we were discussing has became known as a “tourist and 2nd home area” and that, as not a place of main residences, the death rate per thousand is on the low […]