mergers and acquisitions

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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Are you ready for 2021. . . ready, set, Buy!

By Funeral Director Daily / September 9, 2020 /

Over the years I’ve moved from really long-range planning about my business to a method where I plan for shorter durations.  I think my move has coincided with many who have went from developing long range “strategic” plans to plans that are shorter in duration, less set in stone, and allow a business to be…

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The world post-COVID

By Funeral Director Daily / May 12, 2020 /

Shortly after the New Year’s bell rang my wife, Angie, and I headed out for one of the joys of retirement. . . extended time in a warm weather location that serves the purpose of shortening what can be fierce Minnesota winters for us.  One of our favorite locations is Hawaii and we left for…

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StoneMor bucks the system

By Funeral Director Daily / March 23, 2020 /

Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios.  What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation.…

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Oberlin-Turnbull add Hicksville chapel

By Funeral Director Daily / March 4, 2020 /

The Oberlin-Turnbull Funeral Homes, which serve northwest Ohio and northeast Indiana, recently announced the acquisition of the Smith & Brown Funeral Home of Hicksville, Ohio, as their sixth operating chapel. According to the Oberlin-Turnbull Funeral Home and Crematory web-site the company has a history back to 1922 when it was known as the Oberlin-Ford Funeral…

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