mergers and acquisitions
When you look at the map the Ohio River separates the states of Ohio and West Virginia as well as the cities of Steubenville, Ohio, and Weirton, West Virginia. Now, however, the bridge over the Ohio River will not only connect the states and cities but two historical funeral homes as well. It…
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It was announced last week by InvoCare, Australia’s largest death care provider, that San Francisco based private equity firm TPG Capital had sweetened their offer to acquire the company. As you may recall, TPG Capital made an unsolicited offer on March 7 to the InvoCare board to acquire the company for a total…
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It seems amazing to me how fast 30 days seems to go. Once again we offer up our Top Read stories from Funeral Director Daily over the past 30 days. . . Here they are. . . Enjoy the weekend. . . In Memoriam: Robert Waltrip, SCI Founder. InvoCare receives over US…
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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…
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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…
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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…
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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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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…
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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…
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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…
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