mergers and acquisitions

Park Lawn Corporation completes acquisition

By Funeral Director Daily / February 3, 2020 /

Last Friday the Park Lawn Corporation, headquartered in Toronto, issued this press release which confirms that they have completed an  acquisition announced earlier in the year.  The press release tells of the completion of the Nashville, Tennessee area acquisition which includes Family Legacy, LLC, a business with 12 locations.  The acquisition also includes the membership…

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New Year brings news of Foundation Partners adding to Tucson brands

By Funeral Director Daily / January 7, 2020 /

In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the…

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Park Lawn rings in the new year with acquisition

By Funeral Director Daily / January 3, 2020 /

Toronto based funeral home and cemetery operator Park Lawn Corporation (PLC) announced in a press release on January 2, 2020, that they had acquired two businesses under common control in Tennessee.  In this release PLC announced that they had purchased the stock and membership interests of Family Legacy, LLC and WG-TN, LLC (Harpeth Hills Funeral…

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Carriage Services adds Texas location

By Funeral Director Daily / October 29, 2019 /

It was announced yesterday in this press release that funeral home and cemetery consolidator Carriage Services had acquired the Rest Haven Funeral Home and Cemetery, based in Rockwall, Texas.  The press release went on to say that this purchase represents Carriage Service’s first foray into the large and strategic market of Dallas-Fort Worth. Again, according…

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2nd generation family members make their mark

By Funeral Director Daily / October 23, 2019 /

Today we will bring you a couple of stories we recently saw in the news pertaining to some things that are happening with a couple of 2nd generation New York state family funeral home operators. The first story deals with 27-year old Ryan Frary and his purchase of the Stuart-Fortune-Keough Funeral Home in Tupper Lake,…

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Service Corporation gets some positive spin from Yahoo Finance

By Funeral Director Daily / October 18, 2019 /

Service Corporation International (SCI), the publicly traded acquirer and operator of funeral homes and cemeteries in North America is poised to report its 3Q 2019 results on October 30.  Prior to that happening, we noticed this short report in Yahoo Finance entitled, “Will Service Corporations’s strategies help maintain momentum?”. The Yahoo Finance article concludes that…

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StoneMor keeps moving towards turnaround

By Funeral Director Daily / September 25, 2019 /

StoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company.  As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation.  You can read their…

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The Federal Funds rate and your funeral home

By Funeral Director Daily / September 12, 2019 /

Next week the United States Federal Reserve Board will meet in one of their eight yearly meetings.  This group of monetary experts meets to discuss our country’s monetary policy and set the interest rate that the government charges banks for government funds.  Virtually all other rates in the world are then set based on what…

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Foundation Partners Group keeps rolling along

By Funeral Director Daily / September 5, 2019 /

Foundation Partners Group (FGP), headquartered in Orlando, Florida, announced earlier this week the acquisition of the three location Beers & Story Funeral Homes in Western Massachusetts.  Here is the FGP press release pertaining to the acquisition. Beers & Story is a three generation firm that can trace its roots to the early 1900’s when Bert…

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Foundation Partners adds another Colorado location

By Funeral Director Daily / August 28, 2019 /

The state of Colorado has been a hotbed of funeral home and crematory acquisitions in the last couple of years.  Many of  the larger players in the death care space, Service Corporation International, Park Lawn Corporation, and Foundation Partners Group, have all made acquisitions in the state during that time frame. It was announced on…

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