Tag: mergers and acquisitions

Finance

Rollings Funeral Service adds large New York firm

We learned last week that Georgia based Rollings Funeral Service completed the acquisition of a New York state firm that does close to 1,000 services annually and also serves the needs of pet owners by completing the cremation of about 600 pets annually.    Following is the press release from Rollings Funeral Service that announced this acquisition.   PEACHTREE CITY, GA — Rollings Funeral Service is proud to announce their recent addition of Brown Funeral Home with three locations in […]

Finance

Park Lawn Corporation adds to Kansas City cluster

It was announced in a recent press release that you can access here that funeral home and cemetery operator Park Lawn Corporation (PLC) has made another acquisition in the greater Kansas City market.  Just this week they have announced that they have acquired substantially all of the assets of the aptly named Park Lawn Funeral Home and Memorial Park Cemetery & Green Lawn Cemetery as well as the Park Lawn Northland Chapel and Glenridge Cemetery. The move will expand the […]

Finance

StoneMor/Axar Capital transaction recommended by shareholder agency

Earlier this week according to this press release the Institutional Shareholder Services (ISS) recommended that shareholders of StoneMor vote “FOR” the pending transaction with a subsidiary of Axar Capital Management LP.  That vote, which would take StoneMor to a private company status, is scheduled for a special stockholders meeting on November 1, 2022. Among other reasons, ISS noted the following for current StoneMor shareholders: “The merger consideration is above the estimated values of the fairness opinion….The merger consideration represents a […]

Finance

Foundation Partners Group adds 18 locations

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 (FPG) where they announced that during the first seven months of the current calendar year they have purchased eight funeral service firms which operate a […]

Finance

StoneMor announces acquisition of Illinois funeral home

StoneMor Inc., the Pennsylvania based operator of funeral homes and cemeteries announced the acquisition of Anderson Funeral and Cremation Services of Belvidere, Illinois, last week.  According to this press release from StoneMor, company CEO Joe Redling said of the acquisition, “StoneMor’s acquisition of Anderson Funeral and Cremation Services is a valuable strategic move for us in the northern Illinois market.  Anderson Funeral and Cremation Services has been serving the families of northern Illinois for many years and is a deeply […]

Finance

Carriage Services adds “hinted at” acquisition

In Carriage Service’s 2nd Quarter financial report, Chief Administrative Officer and General Counsel, Steve Metzger, hinted that the company had two acquisitions in the pipeline that would probably be announced in the following couple of weeks. We now know, thru this Carriage Services press release, that one of those acquisitions appears to be 800-call Funeraria San Juan located just outside of Orlando, Florida, in the Kissimmee community.  According to the press release, Funeraria San Juan operates out of two stand-alone […]

Finance

Park Lawn makes earning season splash with large aquisition

Park Lawn Corporation announced yesterday in this press release that they have acquired substantially all of the assets of the Schackelford Corporation based in Western Tennessee.  The Schackelford Corporation encompasses a fifth-generation company that has served Western Tennessee for 90 years.  According to the press release the acquisition includes eight stand-alone funeral homes, two stand-alone cemeteries, and one on-site funeral home and cemetery. The release also indicates that the acquisition will bring an approximate 1,577 calls per year and 152 […]

Finance

Park Lawn makes acquisition, enters the state of Virginia

This press release issued last week by Park Lawn Corporation (PLC) will tell you of their acquisition of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively known as “Farris”).  The businesses acquired include one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia. Here’s what Park Lawn Corporation CEO J. Bradley Green said of the transaction, “We are excited to continue our strategic growth in the southeast by entering into the Virginia market […]

Finance

It’s summer time, the living is easy. . .and the mergers and acquisitions continue. .

There is a saying where I come from that says, “It’s summer time and the living is easy”.  It conjures up thoughts of being on the golf course, and at the lake, and evenings around the fire pit — in general just simple laid back easy times to relax with family and friends. From what I’ve seen in the press releases lately though, it looks like the financiers and accountants in the death care industry may not be having it […]

Finance

Park Lawn adds Mississippi operations

A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation.  The press release also states that the acquisition represents 383 death calls and 45 annual interments that are expected to generate about US $1.25 million in EBITDA. Here’s what Park […]