funeral home acquisitions
It will come as no secret to anybody that Canadian funeral home and cemetery operator Park Lawn Corporation increased their revenue in the First Quarter of 2019 over that of the same period in 2018. Due to the number, size, and scope of their acquisition activity it was not a matter of increasing revenue, it…
StoneMor Partners, the Pennsylvania operator of funeral homes and cemeteries announced First Quarter 2019 results last week. The company, which is in what CEO Joe Redling says is an “operational reorganization” continues to see revenues lower and losses larger than the comparable quarter one year ago. For 1Q 2019 revenues amounted to $71.5 million as…
Toronto based funeral and cemetery services provider Park Lawn Corporation announced last week that they have entered into agreements to acquire the assets of Horan & McConaty Funeral Services and the assets of the Baue Funeral Home Company. The press release and more information that you can read from Yahoo Finance here, indicate that the…
Carriage Services is a funeral home and cemetery acquisition company that, according to Reuters, operated 181 funeral homes in 29 states and operated 32 cemeteries in 11 states as of August 28,2018. According to their own history from their web-site they were founded in 1991 and had their initial public offering (IPO) to become a…
A really nice article about Leo and Jeff Marshall, the father/son team that has owned and operated the Marshall Funeral Home in Greenville, Michigan since 1967 was published in the Daily News of Montcalm and Ionia Counties of Michigan the other day. You can read the article here. It is a really fine article that…
If everything goes as expected today, most people are looking for a 0.25% rise in the Federal Funds interest rate as set by the Federal Reserve Board. There has been a lot of talk that the rate, which if raised today for a 4th time this year, has had something to do with the volatility…
The second and third largest funeral home firms in Spain are considering a merger according to this article from Reuters. Santa Lucia’s subsidiary Albia and Mapfres’ subsidiary Funespana are the number two and three in funeral services in the country and are contemplating teaming up to become a company that would do about $229 million…
Last week we learned that Orlando based Foundation Partners Group had acquired The Island Funeral Home and Crematory and Cremation Simplified in Hilton Head, South Carolina. According to a press release that you can read here, that purchase expanded Foundation Partner’s network of funeral homes in South Carolina to eleven locations. Funeral Director Daily take: …
I read an article that you can read here pertaining to what is announced as a merger, but in reality looks like an acquisition. This announcement talks about two funeral homes in Ohio that have “merged” operations. It is about the Billow Funeral Homes and Crematory and the Bissler & Sons Funeral Home and Crematory.…
According to this article from the Haywood County Mountaineer, the Wells Funeral Homes and Cremation Services of Canton and Waynesville, North Carolina, have been acquired by Park Lawn Corporation. The article states that Wells Greeley, President and owner of the funeral business, has announced a succession plan that includes partnering with Toronto based Park Lawn…
