Tag: Service Corporation International

Finance

Investment thinking on Service Corporation International

In 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 not necessarily stock market or business related but demographic related.  Just last week I wrote an article for Funeral Director Daily entitled “It’s about Demographics” […]

Finance

New Carriage Services COO puts some skin in the game

As 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, Goetz purchased 10,000 shares of Carriage Services common stock at an average share price of $27.48 leading to a total value investment of $274,800. Funeral […]

Finance

Foundation Partners keeps rolling along

It 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 will add six locations to the Foundation Partners Group portfolio of properties. The press release announces the acquisition of Ammen Family Cremation and Funeral Care […]

Business

It’s about demographics

In 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 of the acquisition of Fairfax Memorial Park and Funeral Home in the Greater Washington, DC market or of the competition to purchase operations like Horan […]

Finance

Carriage Services acquisitions, hiring. . and other news

Last week public funeral home operating company Carriage Services was really in the news.  They not only announced the acquisitions of the Fairfax Memorial Park and Funeral Home in the Washington, DC area, but they announced the purchase from StoneMor Partners of the funeral home/cemetery combination facility Oakmont Memorial Funeral Home and Cemetery in Northern California They also announced the addition of a new President/COO to their corporate family as well. StoneMor Partner’s press release mentioned the price of the […]

Finance

Foundation Partners adds locations

In 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 was Rapp Funeral Service in Sliver Spring, Maryland, and Chesapeake Crematory in Beltsville, Maryland. You can access the Foundation Partners press release here. According to […]

Finance

Carriage makes big acquisition, announces new President/COO

Carriage Services, the Houston based funeral home and cemetery operator made a big announcement after business hours on Monday.  The company issued a press release which highlighted not only the acquisition of, what they say in the release is the largest by a combined revenue definition, acquisition in their 28-year history, but also announced personnel additions as well. In the release which you can read here, Carriage Services announced the acquisition of the Fairfax Memorial Park and Funeral Home in […]

Regulations

Neptune Society sued by State of California

In 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 part of Service Corporation International, the Houston based death services conglomerate. According to the article, the lawsuit claims that “the Service Corporation International subsidiaries deceive […]

Business

Indiana funeral home increases community involvement

According to this article in the Kokomo (Indiana) Perspective, the Ellers Mortuary and Cremation Center was acquired by Service Corporation International in 2016.  Some feared that the acquisition would cause the Kokomo business, that had been in business since 1924, to lose its personal touch. However, according to General Manager Jaime Handy, “the acquisition has actually strengthened the company’s ties to the community”.  The funeral home has actually expanded the services it can offer to the community. Ellers Mortuary and […]

Finance

StoneMor Partners reports 3rd Quarter

StoneMor Partners L.P. reported their 3rd Quarter and 9-month 2019 numbers last week and with it showed significant progress in their attempt at a transformational turnaround of the company.  In brief, StoneMor reported that revenues are stabilizing, that they are cutting recurring expenses, and that they have made progress on a divestiture process that will, more than likely, make their company smaller and more focused. You can see a copy of the report here. From the operations side of the […]