Tag: funeral home acquisitions

Cemetery Products

Wilbert adds precast concrete company

It’s not only funeral homes and cemeteries that are in the business of growing their businesses to better serve clientele. Last week we received word that Wilbert, Inc., the nation’s preeminent burial vault company, made an acquisition to bolster their presence in the Northeast corridor of the United States.  Here is the information that we received in that press release: Wilbert Funeral Services, Inc. (“WFSI”) is pleased to announce the acquisition of the Maki Family Precast Concrete Businesses of West […]

Afternoon Edition

The month’s top stories and more

It is the middle of April and time for us to bring you a list of the top read stories on Funeral Director Daily over the past 30 days.  We know many of you are too busy to check in every day and this new feature lets you take a binge look at what you may have missed on those busy days.  Here are our Top Read stories from March 15 to April 15. It will give you some good […]

Finance

On looking back. . . and moving forward (Part 2)

We told you yesterday that Carriage Services CEO and Chairman Mel Payne had published a lengthy Letter to Shareholders in early April.   In that letter, that you can access here, he painted what we call a somewhat aspirational future for Carriage Services, after first pointing out how they got to where they are today. Today, we plan to offer our interpretation of how the company is being transformed from one that has about 174 funeral homes doing about 200 calls […]

Finance

Foundation Partners adds Washington state acquisition

Foundation Partners Group (FPG), the privately held death care consolidator with headquarters in Orlando, Florida, announced earlier this week an acquisition to add to their 160 plus facilities. In this press release you can read that FPG acquired the Klontz Funeral Home and Cremation Services company based in Auburn, Washington.  According to the press release, this will give FPG 11 locations in the state of Washington.  Here is a United States map showing Foundation Partners locations. According to the press […]

Finance

Access Holdings raises $630 million for investment expansions

We learned last week, and you can read more in in an article found on this page from Access Holdings, that the Baltimore based investment firm had secured $630 million in credit facilities to assist it as it goes forward in building out its platform of companies. As you may know, Access Holdings is the mid-market investment firm that is supporting the “buy and build” approach of Orlando based death care company Foundation Partners Group (FGP). According to the press […]

Cremation Finance

Changing the Paradigm

Last week Foundation Partners Group issued a press release through Cision PR Newswire that you can read here.  The release dealt with some of the company’s ten year history in that it has grown into a company with nearly 160 locations serving over 75,000 families annually. Another thing that the release shouted was that Foundation Partners Group (FPG) serves a clientele that chooses cremation for 86% of its dispositions.  It’s noted that FPG believes that is an industry leading metric […]

Finance

There is a new player coming to town

Back in 1962 Robert L. Waltrip owned one family owned funeral home in Houston, Texas.  And then everything changed when he purchased his second funeral home in Houston.  That led to his adding a 3rd funeral home and forming a company, now known as Service Corporation International (SCI), that owns and operates over 1900 death care facilities across North America. The company has been a great American success story.  And, as they say, “Imitation is the greatest form of flattery”.  […]

Finance

Foundation Partners adds New Mexico locations

It didn’t take long into 2021 to hear of news on the acquisition front.  This press release will tell you of the Foundation Partners Group (FPG) acquisition of three funeral homes in New Mexico. According to the press release the company acquired the Riverside Funeral Homes located in Albuquerque, Los Lunas, and Santa Fe, New Mexico.  These three locations will be FPG’s first foray into the New Mexico market. The funeral homes were owned by Charlie Finnegan who had expanded […]

Finance

Acquisitions: Park Lawn adds South Carolina firm, others moving forward in Pennsylvania

The history of funeral directing and funeral home ownership in the United States has been one of passing the torch to the next generation of the family to carry on.  My family was no different. . . .we carried our cabinet shop, furniture store, funeral home from the 19th Century into the 21st Century.  That was a time period that spanned 141 years, from 1872 when our roots were planted until 2013 when the majority of our firm was sold […]

Finance

Park Lawn acquires West Coast funeral business

Park Lawn Corporation, with headquarters in Toronto, Ontario, and Houston, Texas, announced in a press release on October 1, that they had reached an agreement to acquire Bowers Funeral Service Ltd. of British Columbia.  You can see the press release here. According to the press release, Bowers Funeral Service is a three location firm with locations in Salmon Arm, British Columbia; Golden, British Columbia; and Revelstoke, British Columbia.  The press release also mentions that this acquisition will “complement Park Lawn’s […]