funeral home acquisitions
On Tuesday, April 24, publicly owned death care industry company, Carriage Services, announced its 1st Quarter 2018 results. You can read their press release with financials included here. The company announced record revenues of $73.4 million for the quarter. That is a 7.7% increase over the same period of a year ago. Funeral Director…
With so much talk about the mergers and acquisitions in the death care industry of late, I thought it would be insightful to get the thoughts of Jake Johnson, President and CEO of Johnson Consulting Group on the subject. Mr. Johnson guides the company whom many consider to be the premier total solutions provider in…
I noticed a press release come out from Foundation Partners Group last week that announced the private funeral, cemetery and cremation operating company had made a purchase of the Healey Mortuary and Crematory in Salinas, California. Checking more into that press release on the company’s web-site I came across two other stories about Foundation Partners…
I’ll agree right off the top of this article that after working for about 35 years in the industry that I may be a little biased. I’ve always thought that small town funeral directors are some of the nicest people in the world and today I just thought it might be appropriate to tell of…
Death care industry company Service Corporation International recently presented at the Raymond James 39th Annual Institutional Investors Conference. I’ve found a slide deck about their company on Seeking Alpha that you can see here. It was part of their power point presentation to institutional investors and is an interesting synopsis of the company as…
The Journey Group, a death care industry consolidator based out of the New Orleans area, announced last week the purchase and acquisition of two firms in the greater Birmingham, Alabama, area. Both firms are metropolitan combination firms — each with a funeral home facility on a cemetery property. According to the press release that you…
Over the New Year’s Holiday I noticed a small blip in a Mississippi newspaper, the Sun Herald, which announced the fact that Jeffrey O’Keefe, Jr. of Gulfport has been named President of Bradford-O’Keefe Funeral Homes. It goes on to say, as you can read here, that Mr. O’Keefe is a sixth generation family member in…
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…
Propel 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…
Last 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…
