funeral home acquisitions
“Park Lawn (Corporation) has further expanded its strategic growth in the southeast United States” according to a quote attributed to Park Lawn CEO J. Bradley Green in this press release from earlier this week. The expansion Green it talking about is the acquisition of the Cobb Funeral Chapel and the Cobb Suncrest Memorial…
In this article from earlier in June, the Chattanoogan.com announced that the Hamilton Funeral Home of Hixson, Tennessee, was acquired by a subsidiary of Service Corporation International (SCI). It was also noted in the same article that Tom Wilson has been named the manager of the facility which was apparently purchased by SCI…
Earlier this week Park Lawn Corporation (PLC) announced that it had reached a definitive agreement to acquire substantially all of he assets of Ward Funeral Home Limited. Ward Funeral Home Limited operates three stand-alone funeral homes in the Greater Toronto, Ontario, Canada area. Here’s what Park Lawn Corporation CEO J. Bradley…
It was announced last week by InvoCare, Australia’s largest death care provider, that San Francisco based private equity firm TPG Capital had sweetened their offer to acquire the company. As you may recall, TPG Capital made an unsolicited offer on March 7 to the InvoCare board to acquire the company for a total…
Carriage Services announced in this press release their operating results of the 1st Quarter of 2023. Much like we mentioned in last week’s article on Service Corporation International (SCI), these numbers need to be looked at in the light of a reduced number of deaths in the United States for 1Q 2023 as…
Park Lawn Corporation is expected to release the financial results of their First Quarter 2023 on May 11 — Thursday. Last week, however, we found that Seeking Alpha authors gave an opinion on the company in which they believe “Park Lawn (is) likely to resume EBIDTA and EPS growth in 2023″. The opinion article…
In this press release, that was released on Tuesday, April 11, we learned a little more about the evolution of StoneMor Inc. as it has transformed to a private company from a public stock ownership company. The press release announces that StoneMor Inc., and its grouping of 389 cemeteries, funeral homes, and cremation…
Last week I had not even finished putting up Friday’s article which dealt with an acquisition when I was notified of another public company acquisition. This time the announcement came from Carriage Services and announced its acquisition of a group of three funeral homes, two cemeteries, and a cremation center based in the…
Park Lawn Corporation (PLC) whose website now states, “is the fastest growing company in the industry in North America”, announced last week that they have moved into the states of Iowa and Nebraska with the acquisition of Meyer Brothers Funeral Homes. Meyer Brothers Funeral Homes has, among their five locations, locations in…
As small town funeral home operators we many times look at the acquisitions of the big public companies or the regional consolidators with a little envy about being able to do that ourselves. We look at how they get faster growth and more revenue and in many instances we know that we would like…
