Park Lawn Corporation
We noticed a couple of articles in the news or opinion sections today about death care public companies StoneMor Partners and Park Lawn Corporation and just thought we would pass them on. StoneMor Partners to eliminate 340 positions. This article points out that StoneMor Partners will be targeting 340 positions as it attempts to eliminate…
Read MorePark Lawn Corporation (PLC), the Toronto based consolidator and operator of funeral homes and cemeteries reported their financial results for the 2nd Quarter of 2019, the period that ended June 30, 2019, yesterday. You can see a short synopsis of the results in this press release. Park Lawn’s CEO Andrew Clark is quoted in the…
Read MoreThree months ago the 1st Quarter report of 2019 for funeral home and cemetery operator Carriage Services caused concern for many of their stockholders. In that quarter, same store revenue for funerals and profitability took a backward trend as did the number of atneed and preneed services conducted or contracted. That report led management to…
Read MoreAs we continue to move into the reports from Wall Street on how public companies have been doing for the first six months of 2019 we have a couple of items that we noticed in today’s news that we will present to you: Dignity PLC halts dividend: The British funeral home conglomerate announced on Wednesday…
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 MoreCanadian funeral home and cemetery consolidator Park Lawn Corporation announced yesterday that they had made an acquisition in Houston, Texas. According to a company release that you can read here, Park Lawn acquired Integrity Funeral Care of Houston for a non-published price. Park Lawn’s United States headquarters is based in Houston and the press release…
Read MoreIt will come as no secret to anybody that Canadian funeral home and cemetery operator Park Lawn Corporation increased their revenue in the First Quarter of 2019 over that of the same period in 2018. Due to the number, size, and scope of their acquisition activity it was not a matter of increasing revenue, it…
Read MoreIn a press release out of Park Lawn Corporation headquarters in Toronto, Ontario, today, the company announced that it had acquired the assets of two-location funeral business John L. Ziegenhein & Sons Undertaking, Inc. According to the press release that you can read here, the Ziegenhein Funeral Homes were acquired for a purchase price of…
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 MoreToronto based funeral industry company Park Lawn Corporation released a press release that you can read here about its 2018 year end performance earlier this week. As you may know Park Lawn Corporation has grown greatly this year by acquisitions including The Signature Group, CMS Mid-Atlantic, and Citadel Management in the United States as well…
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