Tag: funeral home acquisitions

Afternoon Edition

Rollings Funeral Service adds large New York firm

We learned last week that Georgia based Rollings Funeral Service completed the acquisition of a New York state firm that does close to 1,000 services annually and also serves the needs of pet owners by completing the cremation of about 600 pets annually.    Following is the press release from Rollings Funeral Service that announced this acquisition.   PEACHTREE CITY, GA — Rollings Funeral Service is proud to announce their recent addition of Brown Funeral Home with three locations in […]

Finance

Park Lawn Corporation adds to Kansas City cluster

It was announced in a recent press release that you can access here that funeral home and cemetery operator Park Lawn Corporation (PLC) has made another acquisition in the greater Kansas City market.  Just this week they have announced that they have acquired substantially all of the assets of the aptly named Park Lawn Funeral Home and Memorial Park Cemetery & Green Lawn Cemetery as well as the Park Lawn Northland Chapel and Glenridge Cemetery. The move will expand the […]

Finance

Carriage Services acquires North Carolina funeral homes and cemetery

It was announced last week in this press release that Carriage Services, headquartered in Houston, Texas, acquired substantially all of the assets of the Heritage Funeral and Cremation Services and Forest Lawn East Cemetery.  The businesses are located in the Charlotte, North Carolina, market territory and consist of three stand alone funeral homes, a cemetery, and a cremation focused business. Steve Metzger, Executive Vice President and Chief Administrative Officer of Carriage Services said this about the acquisitions, “. . .The […]

Finance

Foundation Partners Group becomes Wisconsin’s largest death care provider

According to this press release from Foundation Partners Group, the acquisition of Krause Funeral Homes & Cremation Services of Milwaukee, Wisconsin, will allow Foundation Partners Group (FPG) to become the largest funeral service provider in Wisconsin. Mark Krause, president of Krause Funeral Homes & Cremation Service, Inc. has agreed to sell his firm to the company and join FPG as vice president of industry relations and government affairs.  Over the last 40 years, Krause has built an innovative portfolio of […]

Finance

Park Lawn adds three Colorado firms to its business

We learned last week that Park Lawn Corporation, the publicly traded funeral home and cemetery company, added three firms located in Colorado to its group of locations.  In this press release you can learn about the acquisition of Ertel Funeral Home and Crematory, Taylor Funeral Home, and Brown’s Cremation and Funeral Service. Park Lawn Corporation announced in the press release that these businesses represent five stand-alone funeral facilities and one on-site fuenral home and cemetery.  They also announced that the […]

Business Finance

Private equity continues move into Death Care

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 dying business as private equity cashes in on the $23 billion funeral home industry” has prompted a lot of discussion, and some angst, among funeral […]

Finance

Foundation Partners Group adds 18 locations

Tom Kominsky, Chief Financial Officer at death care consolidator and operator Foundation Partners Group made this comment last week, “2022 marks a record year for deal velocity as more and more funeral business owners are choosing Foundation Partners Group as their partner of choice“. That statement came in this press release from Foundation Partners Group (FPG) where they announced that during the first seven months of the current calendar year they have purchased eight funeral service firms which operate a […]

Business

The succession dilemma of rural funeral home ownership

Over the past several weeks I’ve had several instances which caused me to wonder “What is going to happen to rural America’s home town, home-owned, funeral homes.”  Again, it has not been one thing, but a string of instances that have made me wonder about that. For instance, I know of firms in my state of Minnesota, especially in smaller communities, that are having a hard time finding licensed staff.  And, just last week I served on a panel at […]

Finance

Carriage Services adds “hinted at” acquisition

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 San Juan located just outside of Orlando, Florida, in the Kissimmee community.  According to the press release, Funeraria San Juan operates out of two stand-alone […]

Finance

Propel Funeral Partners makes acquisition. . . . enters pet business

Propel Funeral Partners, billed as the 2nd largest provider of death care services in Australia and New Zealand  announced last week its acquisition of Community Funerals and Cremations for Pets.  Community Funerals operates from four locations in and around Cairns, Queensland, and was founded in 2008.  Cremations for Pets was founded in 2017. The business combination will bring about 250 funerals per year to Propel Funeral Partners and will introduce the company to the pet cremation business with about 400 […]