Funeral mergers
We learned last week that one of the northwest United States premier funeral home families has decided to cast their lot with Foundation Partners Group (FPG). Musgrove Family Mortuaries and Cemeteries, based in Eugene, Oregon, announced last week that they had been acquired by FPG. You can see the press release from Foundation Partners Group…
Read MoreIt was announced yesterday in this press release that funeral home and cemetery consolidator Carriage Services had acquired the Rest Haven Funeral Home and Cemetery, based in Rockwall, Texas. The press release went on to say that this purchase represents Carriage Service’s first foray into the large and strategic market of Dallas-Fort Worth. Again, according…
Read MoreStoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company. As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation. You can read their…
Read MoreBOOX Research provided an article to Seeking Alpha about Service Corporation International (SCI) that you can read here. It’s important to note that this is only one article by one researcher, but their complex analysis ends up with a going forward rating on the public death care company of “Underperform”. The very first page of…
Read MoreLast week I read this article from the Minneapolis Star Tribune focused on the Fortune 500 company, General Mills. General Mills is a Minneapolis based company – and has been for a long time – which leads to much media coverage for them in the state of Minnesota. The article pertained to the fact that…
Read MoreIt was announced on Friday in this article that the Shaw & Sons Funeral Home of Yakima Valley, Washington, was under the ownership of Jamin and Kara Mohler. According to Jamin Mohler who stated, “Shaw & Sons has once again become a family-owned, local, neighbor-serving-neighbor funeral home”. The funeral home was started in 1899, and…
Read MoreFoundation Partners, based in Orlando, Florida recently announced that they had made an acquisition to their family of brands. They announced that they had acquired Legacy Funeral & Cremation Care in San Diego County, California. You can read a press release here. The purchase from the Savino family represents an opening into the San Diego…
Read MoreAn article that appeared recently on the Bolivarmonews.com web-site which you can read here announced the merger of two funeral homes in Buffalo, Missouri into one facility. It was announced that the Cantlon-Otterness Funeral Home and the Montgomery-Viets Funeral Home will become one entity owned by the Howe family of Lebanon, Missouri. The Howe family…
Read MoreI read a really nice article the other day on GoErie.com that you can read here about two very longstanding funeral businesses in Erie, Pennsylvania, that have “merged” in order to help both funeral homes operate better. The article is about the Quinn Funeral Home and the Burton Funeral Home, both of Erie, Pennsylvania —…
Read MoreYesterday 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…
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