Carriage Services Expands Reach with New Strategic Acquisition
Carriage Services Strengthens Market Position
Carriage Services, Inc. (NYSE: CSV) has recently announced a significant acquisition, obtaining nearly all the assets of Osceola Memory Gardens and several affiliated funeral homes and crematory services in Central Florida. This strategic move expands Carriage's footprint in the ever-growing Orlando metro market.
About the Acquisition
The acquisition includes Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers. Collectively, these establishments comprise a diverse and well-rounded business that includes a funeral home adjacent to a cemetery, five standalone funeral homes, a crematory, and a care center. The deal signifies a leap forward in Carriage's growth strategy.
Leadership Insights
Bob Russell, the President of Osceola, expressed pride in the decision to partner with Carriage Services. He emphasized the importance of maintaining the legacy of exceptional service that has been the hallmark of their business for over forty years. Russell stated, "We wanted to ensure our team would uphold and build upon our reputation, and getting to know Carriage made it clear they were the right choice. Their commitment to community support and exceptional service resonated with our values."
Vision for Growth
Steve Metzger, President of Carriage Services, highlighted the unique nature of the Osceola business and the incredible team behind it. He conveyed enthusiasm for the future, stating, "We are honored that Bob and his team chose us. We look forward to growing together and enhancing the support we provide to families in the community together with Osceola."
Strengthening Presence in Florida
The acquisition of Osceola Memory Gardens is pivotal in enhancing Carriage's presence within the Orlando region. Each year, Osceola's businesses serve thousands of families, and this integration aligns with Carriage’s long-term growth strategy of partnering with premier organizations. As they continue to bolster their presence in expanding markets, this merger offers promising enhancements in service delivery for local families.
Long-Term Strategy and Goals
Carlos Quezada, the Vice Chairman and CEO of Carriage, stated, "This acquisition is a vital step in our long-term growth vision for 2030. We are excited to reengage in acquisitions as we further our mission of purposeful growth." This assertion underscores the company's commitment to strategic partnerships that elevate their service offerings.
About Carriage Services
Founded on a culture of excellence, Carriage Services is regarded as a leading provider of funeral and cemetery services across the United States. Currently, the company operates 162 funeral homes and 28 cemeteries in 24 and 9 states, respectively. Their goal is to offer premier experiences backed by innovation and strong partnerships, ensuring families receive the best care and services during their time of need.
Frequently Asked Questions
1. What recent acquisition did Carriage Services make?
Carriage Services acquired Osceola Memory Gardens, along with several affiliated funeral homes and a crematory in Central Florida.
2. How does this acquisition impact Carriage Services' growth?
This acquisition strengthens Carriage's presence in the Orlando area, supporting their strategy to partner with leading businesses in growing markets.
3. Who is the President of Osceola Memory Gardens?
Bob Russell is the President of Osceola Memory Gardens and expressed his pride in partnering with Carriage Services.
4. What is Carriage Services' long-term vision?
The long-term vision of Carriage Services is to engage in strategic acquisitions that align with their growth goals set for 2030.
5. Where does Carriage Services operate?
Carriage Services operates 162 funeral homes and 28 cemeteries across 24 and 9 states in the United States respectively.
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