funeral home acquisitions
It is always fun when the ball drops in Times Square at the rise of the New Year to think about how the future will be affecting you. Thinking about what will happen in the death care industry in North America is not something that comes to everybody’s mind, but if you make your livelihood…
Read MorePropel Funeral Partners, the funeral home, cremation, and cemetery company that serves Australia and New Zealand is seeing their stock continue to rise since their initial public offering (IPO) in November. According to an article in the Motley Fool from December 27, 2017, the stock has moved from an IPO price of AUS $2.70 to…
Read MoreLast week we published news releases concerning acquisition companies Carriage Services and Park Lawn Corporation purchasing funeral properties. Public companies release their information for all kinds of purposes, including publicity, and we print it. However, we feel it is important to let our readers know that small funeral homes are profitable and active in the…
Read MorePark Lawn Corporation announced last week that they had purchased Christie’s Funeral Home and Crematorium in Yorktown, Saskatchewan. The announced purchase price was $1.96 million (Canadian). You can read the press release here. The company announced that it was a strategic fit and will build upon their operations in Manitoba and Saskatchewan. They also announced…
Read MoreIt was announced at the close of business yesterday that Carriage Services, a publicly traded death care industry consolidator, had acquired the five funeral homes under the ownership of the Thomas F. Dalton Funeral Homes on Long Island, New York. According to Carriage Services CEO Mel Payne, “The partnership with Thomas F. Dalton Funeral Homes…
Read MoreOver the last week I ran into an article in the Australian news about the funeral service provider Propel Funeral Partners. You can read the article for yourself here. Propel Funeral Partners has been in business for over five years but just last week took its stock public on the Australian Stock Exchange raising $131…
Read MorePark Lawn Corporation today released the results of their 3rd Quarter operations. The company reported that their revenue increased by over 29% to a $22.4 million mark in 3Q 2017 as compared to $17.3 million in 3Q 2016. All dollar figures are reported in Canadian dollar figures. The company had several one time non-recurring expense…
Read MoreLate on Thursday Carriage Services issued two press releases indicating that they had closed the purchases of two funeral firms in the corridor between Denver and Fort Collins, Colorado. The public death care company announced that they had acquired Carroll-Lewellen Funeral and Cremation Services in Longmont, Colorado and also acquired the Viegut Funeral Home in…
Read MoreHaving seen news last week that Foundation Partners closed on an acquisition in Wisconsin I did a little research on what, at least anecdotally, are the acquisition targets of the larger companies. I did so because the purchase of the Schneider-Michaelis Funeral Home in Jefferson, Wisconsin, didn’t seem to fit what Foundation Partners had been…
Read MoreYesterday I was reading the Business Section of the Minneapolis Tribune and saw an article entitled, “Corporate Deal Market Slows”. It was an interesting article that had a couple of interesting premises and for someone who enjoys the business world it led to a good read and also allowed me to think of how the…
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