funeral home acquisitions
In a press release received yesterday, that you can access here, it was announced that Park Lawn Corporation (PLC) has acquired Arrington Funeral Directors and Crematory of Jackson, Tennessee. The acquisition will add one free-standing funeral home to Park Lawn’s number of funeral homes. A search of the Park Lawn Corporation website shows this…
A quote from a 1987 Los Angeles Times article on the then growing acquisitions of Pierce Brothers Mortuaries goes like this, “In increasing numbers, long-established mortuaries are closing or, more often, selling to (firms) which can spread overhead costs . . . . among several funeral homes.” Another quote from that 1987…
In an announcement released yesterday, March 2, Park Lawn Corporation announced the acquisition of “substantially all of the assets of South Mississippi Funeral Services, LLC, comprised of a group of businesses located in southern Mississippi”. The press release, which you can read here, goes on to make this statement, “The South Mississippi Funeral…
It was just two months ago that Funeral Director Daily published this article titled “Park Lawn purchases 8 funeral homes in greater Oklahoma City market”. At that time the press release from Park Lawn Corporation (PLC) noted that “Entering Oklahoma marks an exciting milestone in our growth strategy.. . ” And recently,…
We learned earlier this week that Pinnacle Funeral Service, a funeral home owner and operator based in St. Petersburg, Florida, has acquired the Malcore Funeral Home & Crematory as well as Simply Cremation in Green Bay, Wisconsin. According to a press release, the funeral home was founded in 1921 and has been owned and…
Late last week we received this press release that indicates that Park Lawn Corporation acquired eight stand-alone funeral homes in locations spanning the greater Oklahoma City market. It represents Park Lawn’s entrance into the state of Oklahoma. The press release announced “Park Lawn Corporation is pleased to announce that, effective December 1st, it…
The Wall Street Journal in this recent article (you may find a paywall here) estimates that over the past 5 years Americans have gained a total of $63 trillion in personal wealth. And, this article from Yahoo Finance states “. . . the top 20% — the high-earning American households — are thriving because…
Funeral Director Daily recently learned that Rollings Funeral Service, based in Georgia, made a couple of acquisitions involving more than 100-year old family funeral homes. Over the summer they purchased the McCombs Funeral Home of Jackson and Cape Girardeau, Missouri, — a firm that was founded in 1906. And more recently in October, Rollings…
According to the Milestone Funeral Partners website, which you can access here, and information placed on social media, the Maine-based funeral home operator and consolidator added four funeral home businesses to their number in the last couple of months. Announced on August 8 on the company website was information about the acquisition of the…
It’s been pretty easy to recognize that the management team that replaced founder and long-time CEO Melvin Payne at Carriage Services has been building the foundations of the business in order to begin once again making acquisitions for growth. That has probably been a necessary strategy but it also was noted by some investors…
