PLC
On Monday of this week Park Lawn Corporation announced that they had continued their Texas acquisition growth with the purchase of the Callaway-Jones businesses located in and around Bryan, Texas. According to the press release which you can read here, Park Lawn Corporation acquired “substantially all the assets of Callaway-Jones Funeral Home and…
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If you missed Tuesday morning’s article entitled “The ‘Roll-up” model. . .these analysts don’t think it is so great”, because of our technology issues, you can access that article here. It was no surprise that Park Lawn Corporation shareholders approved the sale and take-private movement of Park Lawn Corporation in…
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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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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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Earlier this week I mentioned in an article that I believe that 2024 could see major merger and acquisition moves in the Death Care space. First of all, I opined that there is a lot of private equity dollars sitting on the sidelines and I coupled that with the fact that I seem to…
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In an article that was published on October 1, and I’ll remind our readers that was before Park Lawn Corporation (PLC) had publicly withdrawn its $34 per share offer for Carriage Services, Seeking Alpha authors gave a positive review of Park Lawn Corporation. The article, which you can read here is entitled,…
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Part of our mission at Funeral Director Daily is to help the individual funeral home owner or operator understand all facets of their business better and in more depth so that they have the knowledge to make decisions moving forward. In my 35 years of owning and operating a funeral home I tried to…
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Park Lawn Corporation (PLC) whose website now states, “is the fastest growing company in the industry in North America”, announced last week that they have moved into the states of Iowa and Nebraska with the acquisition of Meyer Brothers Funeral Homes. Meyer Brothers Funeral Homes has, among their five locations, locations in…
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Just yesterday we learned that Park Lawn Corporation announced the acquisition of the assets of Muehlebach Funeral Care, Skradski-Pierce Funeral Home, and Assurance Cremation Society. All are located in Kansas City, Missouri. The acquisition of the three firms will add approximately 627 calls and $616,000 in adjusted EBITDA annually to Park Lawn Corporation’s financial…
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Park Lawn Corporation (PLC) reported their financial results for the 2nd Quarter of 2022 (April thru June) last week and their report was like many others we have seen — higher revenues, lower margins. You can see the press release here. For the quarter PLC reported Net Revenue of $75.9 million as compared to last…
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