Park Lawn Corporation

Will Carriage Services be next?

By Funeral Director Daily / July 10, 2024 /

    It’s been less than a month since a partnership of Homesteaders Life and private equity firm Birch Hill Partners announced their intention to acquire 100% of public funeral home and cemetery operator Park Lawn Corporation.  As a matter of fact we are still about three weeks out from the July 29 stockholder vote…

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Park Lawn / Death Care finance stories dominate Funeral Director Daily in last 30 days

By Funeral Director Daily / June 19, 2024 /

  The middle of the month came up fast again. . . and at Funeral Director Daily we are excited that we continue to grow.  Our readership, as measured by pageviews, is up another 4.5% over May of 2023. . .Thank you for reading us.   As for stories of the past 30 days it’s…

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Will SCI take a run at Park Lawn Corporation?

By Funeral Director Daily / June 18, 2024 /

    Service Corporation International (SCI) is the largest operator in North America among funeral home and cemetery operators.  They will do somewhere near $4.2 billion in revenue this year while we believe their largest competitors, Carriage Services and Park Lawn Corporation will do somewhere about $400 million and $300 million respectfully.  In essence, by…

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A Seeking Alpha opinion on the proposed Park Lawn sale

By Funeral Director Daily / June 14, 2024 /

  “The company’s attractive business model and growth potential made it appealing to private equity buyers.” . . That’s one of the three bullet point remarks about the proposed Park Lawn Corporation sale made at the beginning of this piece by Sandpiper Investment Research that was published Wednesday, June 12 by Seeking Alpha.   Here’s…

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Is Park Lawn Corporation now “In play”?

By Funeral Director Daily / June 11, 2024 /

    Last Monday, June 3, Park Lawn Corporation (PLC) made an announcement through this press release that they had an agreement to be acquired by Viridian Acquisition Inc., a company formed with assets of Homesteaders Life Company and Birch Hill Equity Partners.  The announcement stated that Viridian would “purchase all of the issued and…

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Park Lawn drops a bombshell: Company announces it is going private

By Funeral Director Daily / June 4, 2024 /

    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…

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Park Lawn enters 2024 “Leaner” and more reliant on the “Funeral side”

By Funeral Director Daily / May 14, 2024 /

  Park Lawn Corporation revealed their 1st Quarter of 2024 financials last week and you can access them here.   The 1st Quarter of 2024 marks the first quarter of operations for the company coming off the disposition via sale to Everstory Partners of 72 cemeteries and 11 funeral homes that was consumated in December…

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Death Care continues to lag other market sectors

By Funeral Director Daily / April 1, 2024 /

  The American stock market closed on Thursday, March 28, 2024, for the last time in the calendar of the 2024 First Quarter.  If you look at the results so far for the overall market for these first 3 months you would have to say that the results of the 1st Quarter as to the…

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Making today a “Finance Day” at Funeral Director Daily

By Funeral Director Daily / March 26, 2024 /

    While I was researching this morning’s article on the most recent financial performance of Propel Funeral Partners I was made aware that the people of Seeking Alpha had written some opinion pieces on North American Death Care companies within the past month.  Without any opinion or other action I present them to the…

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Our Take: Park Lawn/Carriage Services 2023 dance ending with no agreement probably worked out best for all concerned

By Funeral Director Daily / March 14, 2024 /

      Back in 2017 when I served on the board of the University of Minnesota I had a hand in the hiring of new Head Football Coach P.J. Fleck.  Coach Fleck is still there and has had some success coaching in the Big Ten.  Outside of the improvement of our team, I have…

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