sci
I will preface this article to say that it is being written on Friday, January 10. Because of that all prices quoted come from the end of the day on Thursday, January 9. I will also say I am not a stock security analyst and all opinions are mine alone. Finally, I do own stock…
Read MoreAccording to this article from the Atlanta Journal-Constitution, the 91-year old H.M. Patterson and Son Spring Hill Chapel in Midtown will be closing at the end of business today – Friday, January 10. The funeral business and its adjacent gardens, which had reached “Landmark Status” was purchased by a developer in December. The new owners,…
Read MoreAt least one source has indicated in a news story that Houston based Service Corporation International (SCI) has purchased historical family funeral business properties in Baton Rouge, Louisiana. The Greater Baton Rouge Business Report reported yesterday in this article that SCI has, at a minimum, purchased the property of the Rabenhorst Funeral Home in Baton…
Read MoreWe learned last week that one of the northwest United States premier funeral home families has decided to cast their lot with Foundation Partners Group (FPG). Musgrove Family Mortuaries and Cemeteries, based in Eugene, Oregon, announced last week that they had been acquired by FPG. You can see the press release from Foundation Partners Group…
Read MoreIn my morning e-mail on investment opportunities this morning was an opinion on Service Corporation International. Michael Gayed of Seeking Alpha wrote a short piece on SCI as an investment opportunity that I thought I would pass on to my readers. You can read Gayed’s piece here. What I found interesting in the article was…
Read MoreAs reported last week on Funeral Director Daily, Carriage Services has hired William Goetz as its new Chief Operating Officer. Late last week we learned that Goetz has came out of the chute by showing confidence in the company the he will lead. It was reported in this article that on Wednesday, December 11, 2019,…
Read MoreIt seems that we are announcing acquisitions by the Foundation Partners Group in rapid succession. Today we bring you the news that last week it was announced that Foundation Partners Group announced in this press release that they had purchased two funeral/cremation companies on the east, or Space Coast, side of Florida. The two firms…
Read MoreIn the last couple of years it seems that we have seen no slow down in the marketplace for the acquisition of large family owned metropolitan death care businesses by the public company, venture backed, or equity partner backed large scale operators in the business. You need think no farther back then last weeks announcement…
Read MoreIn a press release issued last week Foundation Partners Group announced that it had purchased a group of funeral and cremation operations. The group consists of three business, that were owned by one party, known as Advent Funeral and Cremation Services with locations in Falls Church, Virginia, and Lanham, Maryland. Also included in the purchase…
Read MoreIn news that broke after business hours on Monday, it was reported in this article from Oakland that California Attorney General Xavier Becerra and three Bay area district attorneys filed a lawsuit against the Neptune Society and Trident Society for misleading customers about the protection of money paid in advance for cremation. Both companies are…
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