Tag: funeral home acquisitions

Finance

Legacy Funeral Group Announces Texas Acquisition

Last week the Legacy Funeral Group announced the acquisition of the Charlie Marshall Funeral Homes.  The Charlie Marshall Funeral Homes were founded in 1949 and have served the Texas communities of Aransas Pass and Rockport for over 65 years.  You can read a press release on the transaction here. According to the press release, the Legacy Funeral Group, founded in 1998, now has more than 100 funeral homes under their control.

Finance

Park Lawn completes Signature Deal

At the close of business Monday, May 7, Park Lawn Corporation announced that it had completed its announced purchase of Signature Funeral and Cemetery Investments, LLC (the Signature Group) for approximately US$123 million.  You can read the press release from Stockhouse here. According to Park Lawn CEO Andrew Clark, “With the acquisition of Signature Group, we now have the team in place to build a consolidated and integrated US business platform. ” The release also states that Signature Group leadership […]

Business

Cremation Society of New Hampshire Expands into Vermont

The Phaneuf Funeral Homes and Crematorium announced last month, according to this article in The Manchester Link, that they had purchased the Ker Westerlund Funeral Home which has served the Brattleboro, Vermont, area for more than 150 years.  The Phaneuf family of operations also includes the Cremation Society of New Hampshire and this location will be the company’s first foray into Vermont. The Ker Westerlund Funeral Home has already been branded Ker Phaneuf and according to “Buddy” Phaneuf, President and […]

Finance

Carriage Services Reports 1Q 2018

  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 Daily take:  I’ve always found it important to not only look at the headlines but read through the report and look at the financials to […]

Business

Jake Johnson on the Merger and Acquisition Market

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 the death care industry.  For more information on Johnson Consulting, including a webinar on the acquisition market, you can access their web-site here. Here are […]

Business

News from Foundation Partners Group

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 continued expansion.  I noticed that they had purchased another funeral home in Wisconsin and had expanded to their 4th Funeral Alternatives of Washington location in […]

Business

Island Funeral Home Gets New Owners

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 two who were in the news on different sides of a transaction and certainly are a credit  to their communities and our industry. An article […]

Finance

SCI Presents at Raymond James Investor Conference

  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 to where they are and where they hope to be headed. One of the interesting slides I noticed showed the market share of services in […]

Business Finance

The Journey Group Keeps Growing

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 can read here, this brings The Journey Group’s Alabama holdings to four cemeteries and five funeral homes. The Journey Group is led by CEO Larry […]

Business

Flashback to the Loewen Case

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 the business. I certainly can forgive you if the name “Bradford-O’Keefe” does not ring a bell to you, but for those of us who have […]