Tag: funeral home acquisitions

Finance

Foundation Partners Acquires South Carolina Firm

Last week we learned that Orlando based Foundation Partners Group had acquired The Island Funeral Home and Crematory and Cremation Simplified in Hilton Head, South Carolina.  According to a press release that you can read here, that purchase expanded Foundation Partner’s network of funeral homes in South Carolina to eleven locations. Funeral Director Daily take:  This purchase, along with several others over the last couple of years, reinforces our thoughts that Foundation Partners is very actively seeking high cremation percentage […]

Business

This is happening more and more. .and for good Reason

I read an article that you can read here pertaining to what is announced as a merger, but in reality looks like an acquisition.  This announcement talks about two funeral homes in Ohio that have “merged” operations.  It is about the Billow Funeral Homes and Crematory and the Bissler & Sons Funeral Home and Crematory. Rick Bissler began planning for retirement and knew that he had no family members in place to succeed himself.  That is a common thread in […]

Business

Park Lawn adds North Carolina Funeral Home

According to this article from the Haywood County Mountaineer, the Wells Funeral Homes and Cremation Services of Canton and Waynesville, North Carolina, have been acquired by Park Lawn Corporation. The article states that Wells Greeley, President and owner of the funeral business, has announced a succession plan that includes partnering with Toronto based Park Lawn Corporation.  Greeley goes on to say that there will be no staff changes and business will go on as usual and his son-in-law, Ryan Jacobson, […]

Uncategorized

In The News. . . .

We will finish out the week letting you know some of the things that happened over the week without much editorial comment.  Have a great weekend and for those of our readers in the United States. . .Happy Labor Day on Monday!! Special Hearse for Aretha Franklin.  Click here to see a photo of the transportation of deceased singer Aretha Franklin’s body to the Charles H. Wright Museum of African American History in Detroit.  A special hearse built in 1940 […]

Business

When Opportunity Knocks . . . .

I noticed a couple of articles in the last couple of days about ownership at single proprietor funeral homes that are changing hands.  What struck me about the articles is that as you go through living your life, you really need to be ready to answer the door when an opportunity knocks. The first article that you can read here is more typical about how an employee funeral director can get into the business of owning his own funeral home.  […]

Finance

Carriage Services adds two locations in Mid-Atlantic Area

Last week Carriage Services, a funeral service public company based in Houston, Texas, announced that they had acquired two funeral homes in the State of Virginia.  You can read the press release here. The release announces the acquisition of the Covenant Funeral Homes in Fredericksburg and Stafford, Virginia.  The release goes on to say that these firms serve over 1,000 families annually in the highly growing markets southwest of Washington, DC. Mel Payne, CEO of Carriage Services, is quoted, “Partnering […]

Business

Dignity Memorial adds representation on Florida’s West Coast

According to a release published in the Sarasota Business Observer, funeral professional Robert Toale and his family have joined the Dignity Memorial Network in Sarasota and Manatee Counties of Florida.  Again, according to the release, Dignity Memorial now has 2,000 funeral, cremation, and cemetery service providers in its network.  You can read the release here. The release goes on to say that three funeral homes have also slightly changed their names and that two of the chapels will be renovated. […]

Finance

Park Lawn makes British Columbia Purchases

In a news release provided by Park Lawn Corporation that you can read here, the company announced on July 5, 2018, that they are purchasing the Hanson Arbor Funeral Chapels in the Okanagan Valley of British Columbia.  The purchase will bring four funeral homes and a crematorium into the Park Lawn family. The release also stated that the purchase price was within Park Lawn’s publicly stated targeted EBITDA range. The release also states that Park Lawn Corporation and its subsidiaries […]

Finance

InvoCare Continues Purchase Pattern

InvoCare, Australia’s leading national provider of funerals and cremations, announced earlier this week that it will continue to build its regional markets.  They did so in the New South Wales/Victorian border area by purchasing the Lester and Son Mortuary.  You can read a clip on the acquisition here. The purchase includes two fully equipped funeral homes and a separate crematorium. Lester and Son is considered the leading mortuary in the area and is said to handle the remains of about […]

Finance

What Price is Too High?

I was driving into a board meeting on Monday and listening to one of the business channels on Sirius Radio.  The topic that came up and was being discussed was the potential acquisition of Fox by either Disney or Comcast.  As you may know, Fox  was given an acquisition offer by Disney last December at about $52 billion.  Just recently Comcast entered the fray and offered about $65 billion for the company.  The stockholders of Fox have yet to respond […]