mergers and acquisitions
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…
Read MoreFoundation 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…
Read MoreThe 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…
Read MoreIt was announced last week that Orlando based funeral and cemetery operating company Foundation Partners Group had acquired All-States Cremation and its three associated businesses in the state of Colorado. The acquisition marks Foundation Partners entrance into the rapidly changing Colorado market. You can read more about the transaction from this press release. All-States Cremation,…
Read MoreIt was announced on Friday in this article that the Shaw & Sons Funeral Home of Yakima Valley, Washington, was under the ownership of Jamin and Kara Mohler. According to Jamin Mohler who stated, “Shaw & Sons has once again become a family-owned, local, neighbor-serving-neighbor funeral home”. The funeral home was started in 1899, and…
Read MoreSecurity National Financial Corporation, the Utah based financial and death care company showed a total company decrease in revenue for the 2019 1st Quarter as compared to the same quarter in 2018. You can see their 1st Quarter report here which was made public on May 16. However, even as the company experienced a decrease…
Read MoreEditor’s Note: I am out of the office this week. Because of that FDD will not be publishing an article on Tuesday or Thursday. I hope you enjoy the articles for Monday, Wednesday, and Friday I have scheduled. # # …
Read MoreFor the last half century the funeral industry has seen tremendous growth of multiple firm businesses getting that growth not necessarily thru growing sales, but by acquisition of other firms. Firms that wanted to grow by acquisition had to be ready when a firm from down the road came up for sale, which in many…
Read MoreMergers and acquisitions in the death care space are nothing new and actually seem to be accelerating in not only the retail funeral home and cremation space but among suppliers as well. Earlier this week we learned of Foundation Partners Group acquiring the Loyless Funeral Homes of Florida and we learned of Wilbert Funeral Services,…
Read MoreThe second and third largest funeral home firms in Spain are considering a merger according to this article from Reuters. Santa Lucia’s subsidiary Albia and Mapfres’ subsidiary Funespana are the number two and three in funeral services in the country and are contemplating teaming up to become a company that would do about $229 million…
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