Carriage Services Enhances Offerings Through Strategic Acquisition
Carriage Services, Inc. (NYSE: CSV) is excited to announce a significant milestone in its growth journey: the acquisition of a comprehensive collection of funeral and cemetery properties in Florida. This strategic move includes the assets of Osceola Memory Gardens, Porta Coeli Funeral Home & Crematory, Fisk Funeral Home & Crematory, Funeraria Borinquen, and Cremation Care Providers of Central Florida. By integrating these businesses, Carriage is establishing a more powerful presence in the thriving Orlando metro area.
Commitment to Exceptional Service and Community
Bob Russell, President of Osceola, expressed his pride in the dedicated team that has served the Kissimmee County community for over forty years. He stated that finding a partner who shares their commitment to excellent service was paramount in the succession process. Carriage's proven track record of community support and family care aligned perfectly with Osceola’s values. This partnership marks a promising future for their services and continued legacy.
Growth and Collaboration Opportunities
Steve Metzger, President of Carriage Services, noted the uniqueness of Osceola’s business model and the strength of its team. He emphasized the excitement in working together, stating that this acquisition presents an opportunity for collaborative growth. The aim is to further enhance service delivery and community engagement that Osceola's esteemed clients have come to expect.
Strengthening Market Presence in Florida
The integration of the six funeral homes, a cemetery, and dedicated businesses focused on cremation reinforces Carriage’s strategy to dominate the expanding Orlando market. This acquisition is not just about numbers but also about providing heartfelt services to families in need. Carriage is devoted to augmenting its footprint in regions where they can make a meaningful difference.
Corporate Strategy Focused on Purposeful Growth
Carlos Quezada, Vice Chairman and CEO of Carriage Services, elaborated on the company’s ambition for the future, aligning the acquisition with their long-term growth strategy. This acquisition is a pivotal first step toward realizing their 2030 Vision. The strategic move reflects Carriage's dedication to growth through valuable partnerships that enhance service quality and community connection.
About Carriage Services
Carriage Services is a premier provider of funeral and cemetery services across the United States, operating 162 funeral homes in 24 states and 28 cemeteries in 9 states. Their commitment to offering exceptional experiences is demonstrated through innovation in service and partnership with the communities they serve. Whether it’s through operating traditional funeral homes or state-of-the-art cremation facilities, Carriage is focused on providing meaningful, personalized experiences to families during their time of need.
Contact Us
If you have any inquiries or need further information about our services, please reach out to us at investorrelations@carriageservices.com.
Frequently Asked Questions
What companies did Carriage Services acquire?
Carriage Services acquired Osceola Memory Gardens, Porta Coeli Funeral Home & Crematory, Fisk Funeral Home & Crematory, Funeraria Borinquen, and Cremation Care Providers of Central Florida.
Why is this acquisition significant?
This acquisition strengthens Carriage's presence in the growing Orlando market, enhancing its service offerings and community support.
Who expressed satisfaction with the acquisition?
Bob Russell, President of Osceola, conveyed optimism and satisfaction in selecting Carriage Services as their partner for the future.
How many funeral homes does Carriage operate?
Carriage Services operates 162 funeral homes across 24 states in the United States.
What is Carriage’s long-term vision?
Carriage is focusing on purposeful growth and aims to realize its 2030 Vision through strategic partnerships and acquisitions.
