mergers and acquisitions
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…
Read More
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…
Read More
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…
Read MoreSo, 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…
Read MoreA 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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
