funeral acquisitions

Carriage Service’s 3rd Quarter. . . CEO speaks on new opportunities, letter of intent

By Funeral Director Daily / November 6, 2019 /

Last week funeral home and cemetery consolidator and operator Carriage Services reported their 3rd quarter results for 2019.  After some disappointing results in the past year, the 3Q report was filled with enough upside results to put a little jump in the step of Carriage Service executives and stockholders.  You can see the company results…

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Carriage Services adds Texas location

By Funeral Director Daily / October 29, 2019 /

It was announced yesterday in this press release that funeral home and cemetery consolidator Carriage Services had acquired the Rest Haven Funeral Home and Cemetery, based in Rockwall, Texas.  The press release went on to say that this purchase represents Carriage Service’s first foray into the large and strategic market of Dallas-Fort Worth. Again, according…

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When to hold ’em, when to fold ’em and the acquisition movement

By Funeral Director Daily / July 10, 2019 /

Last week I read this article from the Minneapolis Star Tribune focused on the Fortune 500 company, General Mills.  General Mills is a Minneapolis based company – and has been for a long time – which leads to much media coverage for them in the state of Minnesota.  The article pertained to the fact that…

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Foundation Partners divests location

By Funeral Director Daily / June 3, 2019 /

It was announced on Friday in this article that the Shaw & Sons Funeral Home of Yakima Valley, Washington, was under the ownership of Jamin and Kara Mohler.  According to Jamin Mohler who stated, “Shaw & Sons has once again become a family-owned, local, neighbor-serving-neighbor funeral home”. The funeral home was started in 1899, and…

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Acquisition News — Foundation Partners/InvoCare

By Funeral Director Daily / September 21, 2018 /

Foundation Partners, based in Orlando, Florida recently announced that they had made an acquisition to their family of brands.  They announced that they had acquired Legacy Funeral & Cremation Care in San Diego County, California.  You can read a press release here. The purchase from the Savino family represents an opening into the San Diego…

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Park Lawn to acquire Signature Group and Citadel Management

By Funeral Director Daily / April 18, 2018 /

  When Funeral Director Daily made our 2018 predictions, one that we made was that we thought Canadian funeral and cemetery operator, Park Lawn Corporation, would be aggressive in building its network of funeral homes and cemeteries in the United States.  If you did not agree even when they made a purchase of approximately $US…

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Two Missouri Funeral Homes Become One

By Funeral Director Daily / March 21, 2018 /

An article that appeared recently on the web-site which you can read here announced the merger of two funeral homes in Buffalo, Missouri into one facility.  It was announced that the Cantlon-Otterness Funeral Home and the Montgomery-Viets Funeral Home will become one entity owned by the Howe family of Lebanon, Missouri. The Howe family…

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Park Lawn Continues Acquisition Spree

By Funeral Director Daily / March 6, 2018 /

Yesterday Park Lawn Corporation announced another acquisition of a funeral home.  Fresh off the announced purchase of seven cemeteries in New York and New Jersey last week for a combined price of close to $50 million, the Toronto based company announced the purchase of the Billingsley Funeral Home in Huntsville, Ontario. In a press release…

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Legacy Funeral Group Purchases Alabama Locations

By Funeral Director Daily / February 26, 2018 /

  According to a press release that you can read here, Legacy Funeral Group of Texas has purchased the Magnolia Chapels of Tuscaloosa, Alabama.  Magnolia Chapels has served the Tuscaloosa area with two chapels since its founding in 1999. (The link will lead you to Legacy’s web-site where you can learn more on the company).…

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Park Lawn Corporation Resets Credit

By Funeral Director Daily / December 19, 2017 /

Park Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth.  The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal…

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