mergers and acquisitions
It’s interesting that on the same weekend that I was putting together yesterday’s article on the July 29 Park Lawn Corporation vote on acceptance of an offer to take the company private I uncovered a current article and podcast dating from July 12. The article, from Intelligent Investor of Australia, deals primarily with…
It was recently announced in this article from the Fillmore County Journal that Hoff Funeral and Cremation Service recently acquired the former Riley Funeral Homes in both Lanesboro and Chatfield, bringing their number of locations in southeast Minnesota to eight. The 3rd generation funeral business has quietley grown itself into one of Minnesota’s…
In news that was announced late on Monday, funeral home and cemetery operator Park Lawn Corporation announced that the company is planning on being taken private through a partnership that includes Birch Hill Equity Partners Management and an affiliate of Homesteaders Life Company, Viridian Acquisition. Here is the press release that Park…
Inflation is still high, but consumers are still spending. Bankers tell us interest rates will probably be “higher” for longer. . .and the Death Care business is continuing to talk about mergers and acquisitions. On that last subject it’s not often when we get two of the most knowledgeable in the profession together…
We’ve said it many times before, “funeral home ownership has historically been local, family-owned, and generational”. And while there are a good many really good regional and national consolidators, many times “keeping it local” can be a defining part of what an owner wishes to do when he or she eventually decides to sell…
In any given year there is a lot that happens in any industry or profession. And, there was a lot that happened in death care in 2023 such as the continuing Federal Trade Commission continuing to look into and holding hearings on the status of “The Funeral Rule”. Or, on the more…
I think it is fair to say that overall investors have been wary of the inflationary environment and rising interest rates over the last couple of years. However, one side benefit to that wariness may be, according to this article from Marketwatch, that “capital waiting to be deployed” in the private equity market has…
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…
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…
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…
