Tag: funeral home acquisitions

Finance

Foundation Partners adds locations

In a press release issued last week Foundation Partners Group announced that it had purchased a group of funeral and cremation operations.  The group consists of three business, that were owned by one party,  known as Advent Funeral and Cremation Services with locations in Falls Church, Virginia, and Lanham, Maryland.  Also included in the purchase was Rapp Funeral Service in Sliver Spring, Maryland, and Chesapeake Crematory in Beltsville, Maryland. You can access the Foundation Partners press release here. According to […]

Business

A tale of two funeral homes

Over the weekend I noticed two newspaper articles from small town newspapers that involved two separate funeral homes of different size and history.  However, in reading the articles and doing a little research by going to the websites of the companies, I noticed something in common. What I noticed in common, quite frankly, has to do with American entrepreneurism and the desire and opportunity to better ourselves through believing in ourselves.  It occurred to me, that while we like to […]

Finance

Carriage Services announces Buffalo, New York acquisition

Carriage Services, the public company death care consolidator and operator based out of Houston, Texas, announced last week that they had made a major acquisition in the Buffalo, New York, market.  In this press release you can read from Yahoo Finance, the company announced that they had acquired the four locations of the Lombardo Funeral Homes in the Buffalo market. According to the release, the firm is a 3rd generation firm, operated since 1984 by Joseph P. Lombardo, the grandson […]

Business

Death Care around the world

Every once in a while we like to just bring our readers news from around the world of Death Care.  And, today, our news around the world of death care is truly from around the world. The following articles bring news from three continents — from North America we bring you news of funeral home mergers and acquisitions, from Great Britain we bring you news from the Funeral Co-op and how they are coping with the changing attitudes of the […]

Finance

Foundation Partners adds another Colorado location

The state of Colorado has been a hotbed of funeral home and crematory acquisitions in the last couple of years.  Many of  the larger players in the death care space, Service Corporation International, Park Lawn Corporation, and Foundation Partners Group, have all made acquisitions in the state during that time frame. It was announced on Monday that Foundation Partners Group was making another acquisition in the state when a press release, that you can read here, was released by the […]

Finance

Park Lawn reports 1Q 2019

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 was a matter of how much. Park Lawn Corporation, in a press release that you can read here, announced that their 1Q revenues for 2019 […]

Finance

StoneMor announces 1Q Results. . .Sales decline, losses widen

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 compared to $77.9 million in 2018.  The net loss of the company for 1Q 2019 was $22.5 million as compared to $17.9 million in 1Q […]

Finance

Park Lawn makes another splash

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 purchase price of the two operations will total approximately $101.5 million in U.S. funds. “The acquisitions of Horan and Baue are a unique and extremely […]

Finance

Funeral Service and Public Companies – Part 2 – Carriage Services

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 public company in 1996.  You can see a map of their properties from the web-site here. I would like to begin and inform any reader, […]

Business

Working towards an acquistion

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 articulates virtually everything good about the funeral profession over the 51 year ownership of the business by the Marshalls.  It talks about hard work, congeniality […]