mergers and acquisitions

Foundation Partners Group announces new acquisition, record growth

By Funeral Director Daily / January 11, 2022 /

In this press release from last week, Foundation Partners Group (FPG) announced a new acquisition and also gave some indication of its growth over the past couple of years. Foundation Partners Group is the privately owned death care consolidator based in Orlando, Florida, that appears to set its acquisition sights on cremation heavy firms.  FPG…

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What we are hearing on the Street. .. . and from some other sources

By Funeral Director Daily / January 7, 2022 /

So, we are one week into the new year of 2022.  There are a few things that have been predicted since the new Presidential administration came into office last January, especially after the inflationary times that started last Spring. One of the the predicted things we heard about was that a new administration may eventually…

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Is this the start of the M & A train we were told is coming down the tracks?

By Funeral Director Daily / December 23, 2021 /

A high number of Baby Boomers in ownership roles, the un-planned last two years of Covid-related operations, the thought of an increase in capital gains taxes. . . . . .those are all valid reasons that have many owners of funeral homes thinking of getting out of the ownership realm..  At the beginning of 2021…

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Anthem Partners expands to Canada

By Funeral Director Daily / December 21, 2021 /

This press release from Frisco, Texas, based Anthem Partners will let you know that the privately-held operator of cemeteries and funeral homes has expanded into Canada with the addition of the Speers Group of Companies.  According to the press release, the Speers Group consists of funeral homes and memorial gardens located in the provinces of…

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Park Lawn enters state of Georgia with acquisition

By Funeral Director Daily / November 30, 2021 /

Park Lawn Corporation (PLC), the Canadian based funeral and cemetery operator announced in this press release yesterday that they had entered the state of Georgia with an agreement to purchase the Ingram Funeral Home & Crematory located in Cumming, Forsythe County.  The press release stated that the acquisition is scheduled to close in December of…

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Park Lawn Corporation announces three acquisitions

By Funeral Director Daily / October 19, 2021 /

Toronto-based Park Lawn Corporation, a funeral home and cemetery owner and operator, announced in this press release last week that it had acquired three businesses which constitute an addition of six stand-alone funeral homes, one stand-alone cemetery, three combination funeral home/cemetery properties, and five event centers.  All businesses are located in their growing North Carolina…

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Will Axar take StoneMor private?

By Funeral Director Daily / October 1, 2021 /

As you can see from this Yahoo Finance article, Axar Capital Management has sent StoneMor Inc. a letter expressing “an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the Company and its various stakeholders.”  As you may know, and according to E-Trade, Axar Capital Management currently owns 88.6 million of the 118…

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Assurant closes sale of Global Preneed unit to CUNA Mutual Group

By Funeral Director Daily / August 11, 2021 /

In a follow-up to what Funeral Director Daily reported in March, this press release will inform you that Madison, Wisconsin, based CUNA Mutual Group has closed on its acquisition of Assurant Global Preneed.  The press release states that the purchase price was approximately $1.35 billion. Assurant CEO Alan Colberg said this in the release, “This…

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Foundation Partners keeps acquisition train rolling along

By Funeral Director Daily / June 10, 2021 /

Only about ten days removed from announcing the acquisition of a funeral home in northeast Minnesota, Foundation Partners Group made another announcement at the end of last week.  The press release goes on to say that Foundation Partners Group, the private equity backed funeral home and cemetery consolidator and operator, has reached an agreement to…

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Independent operators. . . . .know your value

By Funeral Director Daily / April 13, 2021 /

Back in 1990 I spent about three days north of Vancouver, British Columbia, along the Campbell River fishing for salmon with a group of funeral industry people.  One of the days was spent in a small fishing boat with a gentleman about thirty years my senior who had spent almost his entire funeral service career…

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