funeral finance
Mathews International’s sales rose about 7.8% year over year for their 2nd Quarter of 2023 as compared to the same quarter of 2022. Matthews is on a fiscal year so their 2nd Quarter comprises the months of January, February, and March. Most of the sales increase occured in Matthews Industrial Technologies segment. …
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Disagreements can be a part of any transaction. Today I’ll touch on a lawsuit that was filed last week that once again shows the importance of due diligence being necessary in any transaction. Last week we learned through this Wall Street Journal article that Mexican funeral service provider Servicios Funerarios had filed…
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Natural Organic Reduction (NOR), sometimes referred to as “human composting” may not be my ideal choice of body disposition. But, that thought does not make me any less of a fan and admirer of Recompose founder Katrina Spade. Spade, in only a few short years has moved NOR from idea to proven…
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This article from Business News Australia, that came out on Monday, March 27, indicates that Australia’s largest provider of death care services, InvoCare has rejected a non-solicited offer of $Aus 1.8 billion (United States $1.2 billion) from American private equity player TPG Global made earlier this month. According to the article, TPG…
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This article from the Canton Repository announced last week the purchase of Canton, Ohio, based funeral home Kreighbaum-Sanders Funeral Homes by Alliance, Ohio, based Cassaday-Turkle-Christian Funeral Home. Cassaday-Turkle-Christian’s Adam Christian made the following comment, according to the linked article, “We are honored that the Sanders family has given us the opportunity to…
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As we move into the final month of the calendar year it seems like no one has the financial markets figured out. In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or…
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In this press release from PR Newswire you can read about Orlando based Foundation Partners Group and its acquisition of Solace Cremation, the Portland, Oregon, based direct-to-consumer cremation services business. Solace operates in the Oregon, California, and Florida markets at this time. The purchase will allow, according to the release, Foundation Partners Group to have geographic…
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Going into the weekend we thought we needed to remind you that acquisitions keep on coming in the death care business. In the last week or ten days here’s a couple we noticed. Cleveland’s Busch Funeral and Crematory Services, a 4th generation firm has added Schuster-Straker-O’Connor Funeral Home of Parma, Ohio, to its existing Northeast…
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In Carriage Service’s 2nd Quarter financial report, Chief Administrative Officer and General Counsel, Steve Metzger, hinted that the company had two acquisitions in the pipeline that would probably be announced in the following couple of weeks. We now know, thru this Carriage Services press release, that one of those acquisitions appears to be 800-call Funeraria…
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Park Lawn Corporation (PLC) reported their financial results for the 2nd Quarter of 2022 (April thru June) last week and their report was like many others we have seen — higher revenues, lower margins. You can see the press release here. For the quarter PLC reported Net Revenue of $75.9 million as compared to last…
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