funeral home mergers
A press release dated Tuesday, February 20, 2024, announced that the Park Lawn Corporation had acquired two stand-alone funeral homes and a stand-alone cemetery in the state of Colorado. You can read the press release here. Park Lawn Corporation announced that “it has completed the acquisition of substantially all of the assets…
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Going back to this August article from Donnelly Financial Solutions they believe that merger and acquisition activities were low earlier in 2023 because, at least in part, “Rising interest rates made it unappealing to borrow money. Inflation shifted company focuses elsewhere. (and) Global volatility also swayed companies to press pause on M&A activity.” Nonetheless,…
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On Wednesday Funeral Director Daily told you of the Tuesday, October 2, press release of Park Lawn Corporation stating that it was withdrawing its all-cash offer to purchase all of the outstanding stock of Carriage Services. It also mentioned that it had declined to participate any further in Carriage Services’ “Review of Strategic…
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Yesterday Park Lawn Corporation issued a press release stating that “it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage.” The press release which you can read here also…
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At Funeral Director Daily we have tried to keep you updated on the status of the Hollywood movie that has been produced about the disagreement and eventual lawsuit between one-time power funeral home consolidator company The Loewen Group and a funeral home in Mississippi. Finally, we have read in this article from…
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It was back in March 2023 when Funeral Director Daily published this article about Park Lawn Corporation (PLC) acquiring the Meyer Brothers Funeral Homes’ five locations in the state-line cities of Sioux City, Iowa, and South Sioux City, Nebraska. According to a press release from Park Lawn Corporation the acquisition added five…
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According to a press release dated August 9, 2023, (today) issued by InvoCare Limited of Australia, the company has agreed to be acquired by TPG Capital, a global private equity firm headquartered in San Francisco, California. TPG Capital had launched a buyout offer for the company in March. You should be able…
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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…
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Yesterday it hit the United States business markets that InvoCare, Australia’s largest death care provider was offered AUS$ 1.81 billion in a non-binding take-over offer. According to this article on the subject from Reuters, that would equate to an offer in the amount of US$ 1.22 billion. The offer has came from…
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Tom Kominsky, Chief Financial Officer at death care consolidator and operator Foundation Partners Group made this comment last week, “2022 marks a record year for deal velocity as more and more funeral business owners are choosing Foundation Partners Group as their partner of choice“. That statement came in this press release from Foundation Partners Group…
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