Tag: funeral home acquisitions

Finance

Anthem Partners expands to Canada

This press release from Frisco, Texas, based Anthem Partners will let you know that the privately-held operator of cemeteries and funeral homes has expanded into Canada with the addition of the Speers Group of Companies.  According to the press release, the Speers Group consists of funeral homes and memorial gardens located in the provinces of Saskatchewan and Manitoba. The Speers Group has brought together five organizations that care for 2,000 families annually. Owner and President of Speers Funeral and Cremation […]

Afternoon Edition

Park Lawn enters state of Georgia with acquisition

Park Lawn Corporation (PLC), the Canadian based funeral and cemetery operator announced in this press release yesterday that they had entered the state of Georgia with an agreement to purchase the Ingram Funeral Home & Crematory located in Cumming, Forsythe County.  The press release stated that the acquisition is scheduled to close in December of this year. J. Bradley Green, CEO of Park Lawn Corporation, had this to say about the transaction, “We are pleased to continue to grow our […]

Finance

SCI CEO Tom Ryan on Covid deaths, preneed, and acquisitions

Service Corporation International (SCI), the largest provider of funeral services in North America, recently released their 3rd Quarter 2021 results and following that company executives answered questions from stock analysts about the company and death care in general.  You can read a complete transcript of that commentary here. If you are not interested in reading the entire transcript here are some things that Funeral Director Daily found interesting from the discussion and we center on the items of Covid deaths, […]

Finance

Park Lawn Corporation announces three acquisitions

Toronto-based Park Lawn Corporation, a funeral home and cemetery owner and operator, announced in this press release last week that it had acquired three businesses which constitute an addition of six stand-alone funeral homes, one stand-alone cemetery, three combination funeral home/cemetery properties, and five event centers.  All businesses are located in their growing North Carolina and Tennessee market areas. The companies acquired include Pugh Funeral Homes and New Hope Memorial Gardens in North Carolina, Smith Funeral & Cremation Service and […]

Business Cremation

Foundation Partners Group fuels growth through cremation

Recently Foundation Partners Group (FGP) issued this press release pertaining to an article which focused on their business and their business growth.  It was pointed out that Orlando-based FGP, companywide, is approaching a 90% cremation rate in a death care world where the overall cremation rate (in the United States) is close to approaching 60%.  In essence, Foundation Partners Group locations have a heavy cremation mix in their business. According to Chief Financial Officer Thomas Kominsky, quoted in the press […]

Business

Johnson Consulting’s Jake Johnson on the acquisition market

Acquisitions: what 2021 taught us and what we can forecast Editor’s Note:  We’ve seen some movement in the acquisition market so Funeral Director Daily asked one of the experts in the industry, Jake Johnson, to comment on what he has seen so far in 2021 and what may lie ahead.  His comments follow: Jake Johnson: The demand for buyers was on the rise in 2021. More businesses considered selling due to the tax implications and high valuations. Business owners started […]

Finance

Foundation Partners enters Las Vegas market

It was announced in this press release that Foundation Partners Group, the Orlando, Florida, based funeral home and cemetery consolidator and operator, has acquired Kraft Sussman Funeral & Cremation Services of Las Vegas, Nevada.  The press release notes that this is Foundation Partners Group’s (FPG) first acquisition in Nevada. . . .the state with America’s highest cremation percentage rate. Tom Kominsky, CFO of Foundation Partners Group, said this of the acquisition, “Kraft Sussman is ahead of the curve in a […]

Finance

Foundation Partners Group adds Farley Funeral Homes and Crematory

It was announced last week in this press release that Foundation Partners Group (FPG), based in Orlando, Florida, added another Florida location to its footprint in that state.  It was announced that the Farley Funeral Homes and Crematory would be acquired by Foundation Partners Group giving the cremation heavy consolidator 35 locations in the state of Florida and 166 locations nationwide. Farley Funeral Homes and Crematory operate in Venice and North Port, Florida. According to the press release “The Farley […]

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 […]