funeral acquisitions
Today we will try to catch our readers up with what has been happening in the acquisition pipeline for a couple of the public companies. . . . First of all, we will tell you that we received this press release last week from Park Lawn Corporation announcing the acquisition of the…
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Reuters reported last week that Dignity plc, Great Britain’s largest provider of death care services “(was) in advanced talks with a consortium compris(ed) of investment firms SPWOne V Ltd. and Castelnau Group Ltd. after it received unsolicited buyout proposals from the consortium in October and November last year.” The talks centered on the…
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In a press release made public on the heels of the company’s 3rd Quarter report, Park Lawn Corporation (PLC), with headquarters in Houston, Texas, and Toronto, Ontario, announced that they had acquired the Schrader, Aragon & Jacoby Funeral Home, Mountain View Memorial Park, and Bustard & Jacoby Funerals, Cremation, Monuments and Receptions of Cheyenne and…
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Just yesterday we learned that Park Lawn Corporation announced the acquisition of the assets of Muehlebach Funeral Care, Skradski-Pierce Funeral Home, and Assurance Cremation Society. All are located in Kansas City, Missouri. The acquisition of the three firms will add approximately 627 calls and $616,000 in adjusted EBITDA annually to Park Lawn Corporation’s financial…
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It’s not surprising to see why in a world of 73 million baby boomers and a large group of funeral home owners planning to retire in the next five years that private equity businesses see an opportunity in Death Care, specifically in owning funeral homes. This article from Fortune entitled “Death is anything but a…
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We learned late last week in this press release that Funeral Directors Life Insurance Company (FDLIC) of Abilene, Texas, acquired the American Life and Annuity Company (ALAC) of Hot Springs, Arkansas. According to the press release “effective immediately, FDLIC will work to support existing ALAC policyholders and Arkansas funeral homes”. Again, according to the press…
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We learned last week via this press release that Anthem Partners, the Frisco, Texas, based owner and operator of funeral homes and cemeteries had acquired Serenity & Company Memorial Service. According to the press release, Serenity & Company began in 2007 in Arkansas, but has expanded and now operates in Arkansas, California, Nevada, and New…
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Here’s what StoneMor Inc. CEO Joe Redling had to say about the company’s 1st Quarter of 2022 during the company’s earnings call on May 12 which you can access here, “During the first quarter, we achieve(d) 4% year-over-year growth in our pre-need sales production. And this is against the first quarter of 2021. That was…
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A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation. The press release also states…
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It’s been a long-time since the 1995 court case where a Mississippi funeral home owner sued Canadian public funeral home company The Loewen Group for $5 million for what the plaintiff described as a “breach of contract”. The lawsuit led to a $500 million jury award in a Mississippi court and virtually put the Loewen…
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