Propel Funeral Partners
Most of the news out of the South Pacific dealing with Death Care has been about the prolonged potential takeover of Australia’s largest funeral and cremation provider, InvoCare, by the United States based private equity firm TPG Global. However, while that potential marriage is still under consideration, Propel Funeral Partners, the 2nd…
Last week North America’s largest funeral service company, Service Corporation International (SCI), announced in their 4th Quarter report “On the acquisition front, we had a very active fourth quarter investing $89 million in four separate transactions across the United States and Canada. These transactions added 14 funeral homes and 3 cemeteries, which included 3 combination locations.” And…
Propel Funeral Partners, the public company that owns and operates funeral homes, cremation facilities, cemeteries, and related infrastructure in Australia and New Zealand, announced their Fiscal Year 2022 (FY22) results in late August, and did so by showing growth all across their reporting numbers. The company that began in 2012 with 278 funeral services reported…
Going into the weekend we thought we needed to remind you that acquisitions keep on coming in the death care business. In the last week or ten days here’s a couple we noticed. Cleveland’s Busch Funeral and Crematory Services, a 4th generation firm has added Schuster-Straker-O’Connor Funeral Home of Parma, Ohio, to its existing Northeast…
Propel Funeral Partners, billed as the 2nd largest provider of death care services in Australia and New Zealand announced last week its acquisition of Community Funerals and Cremations for Pets. Community Funerals operates from four locations in and around Cairns, Queensland, and was founded in 2008. Cremations for Pets was founded in 2017. The business…
There is no doubt that the world is a smaller place today because of the information that can be received instantaneously. Look no further than war reporting and satellites in the sky — during World War II information on battles took days to reach American civilians while today reporters are in the field and send…
Propel Funeral Partners of Australia and New Zealand announced last week, in this announcement, that they had raised $AU 50.2 million via a placement with institutional investors. They also announced that they are offering eligible existing shareholders the opportunity to purchase a total of up to $AU 10 million via a share purchase plan. Here’s…
Across the Atlantic Ocean we have learned that Co-operative Funeral Care in Great Britain has reached agreement to purchase the funeral and preneed related businesses of Midcounties Co-op funerals. The number reported in this article states that Co-op Funeral Care will acquire 50 funeral homes and 2 vehicle logistic sites from Midcounties. The transaction will…
The COVID-19 pandemic during the year 2020 and how countries geographic location and national responses to the situation could not be more different than you see in recent publicly owned funeral home companies’ annual reports. We’ve reported on the results of the United States Service Corporation International (SCI) and Carriage Services both in the last…
We learned last week that Propel Funeral Partners that operates out of Australia and New Zealand had purchased the Dils Group which has locations in New Zealand and Australia. The Dils Group is said to have performed about 800 services last year and brought in revenue of about US $ 4.96 million. You can see…
- « Previous
- 1
- 2
- 3
- 4
- Next »
