Tag: funeral home acquisitions

Finance

Not Just an American Phenomena

Over the last week I ran into an article in the Australian news about the funeral service provider Propel Funeral Partners.  You can read the article for yourself here. Propel Funeral Partners has been in business for over five years but just last week took its stock public on the Australian Stock Exchange raising $131 million (Australian).  The equity raise will be used to eliminate any debt the company had in building its business to 80 units from its 2012 […]

Finance

Park Lawn Reports 3Q Results

Park Lawn Corporation today released the results of their 3rd Quarter operations.  The company reported that their revenue increased by over 29% to a $22.4 million mark in 3Q 2017 as compared to $17.3 million in 3Q 2016.  All dollar figures are reported in Canadian dollar figures. The company had several one time non-recurring expense items that contributed to a loss of of $171,116 for the 3rd quarter of 2017 as compared to a net income in 2016 of $749,000.  […]

Finance

Carriage Services Enters Colorado Market

Late on Thursday Carriage Services issued two press releases indicating that they had closed the purchases of two funeral firms in the corridor between Denver and Fort Collins, Colorado.  The public death care company announced that they had acquired Carroll-Lewellen Funeral and Cremation Services in Longmont, Colorado and also acquired the Viegut Funeral Home in Loveland, Colorado. Mel Payne, Chairman and CEO of Carriage services stated,   ” . . . We have always wanted to enter Colorado but have been […]

Business

The Acquisition Market: Who is the Target??

Having seen news last week that Foundation Partners closed on an acquisition in Wisconsin I did a little research on what, at least anecdotally, are the acquisition targets of the larger companies.  I did so because the purchase of the Schneider-Michaelis Funeral Home in Jefferson, Wisconsin, didn’t seem to fit what Foundation Partners had been doing recently. I found this an interesting topic and I also found an interview published in the May 2017 edition of the The Southern Funeral […]

Business

The Mergers and Acquisition Environment

Yesterday I was reading the Business Section of the Minneapolis Tribune and saw an article entitled, “Corporate Deal Market Slows”.  It was an interesting article that had a couple of interesting premises and for someone who enjoys the business world it led to a good read and also allowed me to think of how the thinking mentioned in the article relates to the funeral home world. The article talks about profits in the business world today and how these companies […]

Business

Is Foundation Partners changing the Acquisition Paradigm

Probably the worst kept secret in the funeral industry over the past 30 days or so has been the pending acquisition of Premier Care of Florida which includes several properties, most notably Anderson-McQueen Funeral and Cremation Centers of Florida, by Foundation Partners.  Anderson-McQueen, which serves the west coast Florida counties of Hillsborough and Pinellas, has been known nationwide as an innovator in “celebration” style services. Foundation Partners, founded by former Keystone Group executives, has been in business since 2010 and […]