Tag: funeral home acquisitions

Business Finance

Thinking outside the box on acquisitions

I recently came across this article from the Dayton (Ohio) Daily News.  The article told the story of the Routsong Funeral Home acquiring the Morris Sons “funeral business” of the same community.  What was interesting was that the article told of the Routsong Funeral Home “picking up (the) pre-funded funeral service arrangements for an additional 100 or so families”. The article also made the point that the Morris Sons Funeral Homes two physical locations were not a part of the […]

Finance

Park Lawn makes acquisition, enters the state of Virginia

This press release issued last week by Park Lawn Corporation (PLC) will tell you of their acquisition of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively known as “Farris”).  The businesses acquired include one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia. Here’s what Park Lawn Corporation CEO J. Bradley Green said of the transaction, “We are excited to continue our strategic growth in the southeast by entering into the Virginia market […]

Finance

It’s summer time, the living is easy. . .and the mergers and acquisitions continue. .

There is a saying where I come from that says, “It’s summer time and the living is easy”.  It conjures up thoughts of being on the golf course, and at the lake, and evenings around the fire pit — in general just simple laid back easy times to relax with family and friends. From what I’ve seen in the press releases lately though, it looks like the financiers and accountants in the death care industry may not be having it […]

Business

Acquisitions, new locations. . . .the business of funerals just keeps rolling along. . .

It never ceases to amaze me how as habits change, some things stay the same and just keep rolling along.  I don’t mean that in any negative way, but as death care is looking at new options such as alkaline hydrolysis, green burial, and natural organic reduction in the future, the tried and true ways of death care with expansion and acquisitions are evident every day.  Today we will tell you about three events we heard about last week. Anthem […]

Finance

Carriage Services reports 2021 Year End, CEO Payne states “Succession Plan Format”

I think it is fair to say that Melvin Payne, CEO and founder of Carriage Services is an unusual leader — but, it is also probably fair to say that Payne’s style of leadership has been effective since the inception of Carriage Services in 1991. In last week’s published 2021 4th Quarter and Year End report to Shareholders Payne makes this comment, “After co-founding Carriage at 48 years young on June 1, 1991, the company has finally evolved after more than […]

Finance

Security National Financial makes two January acquisitions

Security National Financial Corporation (SNFC), parent company of Utah-based Memorial Mortuaries announced in two separate press releases the acquisition of two funeral service companies, one of which also operates a large cemetery in addition to their four funeral locations. In this press release you can read of the acquisition of Salt Lake City provider Holbrook Mortuary.  Holbrook Mortuary is a third-generation firm and has been in operation since 1941.  Here’s what SNFC’s President Scott M. Quist said of this addition […]

Finance

Foundation Partners Group announces new acquisition, record growth

In this press release from last week, Foundation Partners Group (FPG) announced a new acquisition and also gave some indication of its growth over the past couple of years. Foundation Partners Group is the privately owned death care consolidator based in Orlando, Florida, that appears to set its acquisition sights on cremation heavy firms.  FPG is owned by Access Partners of Baltimore, Maryland. In the press release the company announces the acquisition of Baldwin Brothers Funeral and Cremation Society of […]

Finance

Anthem Partners expands to Canada

This press release from Frisco, Texas, based Anthem Partners will let you know that the privately-held operator of cemeteries and funeral homes has expanded into Canada with the addition of the Speers Group of Companies.  According to the press release, the Speers Group consists of funeral homes and memorial gardens located in the provinces of Saskatchewan and Manitoba. The Speers Group has brought together five organizations that care for 2,000 families annually. Owner and President of Speers Funeral and Cremation […]

Afternoon Edition

Park Lawn enters state of Georgia with acquisition

Park Lawn Corporation (PLC), the Canadian based funeral and cemetery operator announced in this press release yesterday that they had entered the state of Georgia with an agreement to purchase the Ingram Funeral Home & Crematory located in Cumming, Forsythe County.  The press release stated that the acquisition is scheduled to close in December of this year. J. Bradley Green, CEO of Park Lawn Corporation, had this to say about the transaction, “We are pleased to continue to grow our […]

Finance

SCI CEO Tom Ryan on Covid deaths, preneed, and acquisitions

Service Corporation International (SCI), the largest provider of funeral services in North America, recently released their 3rd Quarter 2021 results and following that company executives answered questions from stock analysts about the company and death care in general.  You can read a complete transcript of that commentary here. If you are not interested in reading the entire transcript here are some things that Funeral Director Daily found interesting from the discussion and we center on the items of Covid deaths, […]