Consumer Services M&A » By The Online Investor Staff, updated Thu., Apr. 18, 6:00 AM
Recent mergers and acquisitions in the Consumer Services M&A category.
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Slide #30. Carriage Services, Inc — Crespo & Jirrels Funeral and Cremation Services
Acquirer:
Carriage Services, Inc (NYSE:CSV)
Acquiree:
Crespo & Jirrels Funeral and Cremation Services
Details:
Carriage Services, Inc. announced today that it has acquired Crespo & Jirrels Funeral and Cremation Services of Baytown, Texas. The funeral home was founded in 1987 by its original owners, the Krizak family, but ultimately changed hands in 2001 under the new ownership of Anthony and Madeleine Crespo. The business serves over 200 families per year and continues an expansion of Carriage's footprint in this section of Harris County. We are pleased to announce that Anthony Crespo has been named the business's Managing Partner while Madeleine Crespo will continue on with the business in a consulting capacity.
Carriage Services is a provider of funeral and cemetery services and merchandise in the U.S. Co. operates in two business segments: funeral home operations and cemetery operations. Co.'s funeral home operations are principally service businesses that provide burial and cremation services and related merchandise, such as caskets and urns. Co.'s cemeteries operations provide cemetery interment rights (primarily grave sites, lawn crypts, mausoleum spaces and niches), related cemetery merchandise (such as memorial markers, outer burial containers, and monuments) and services (interments, inurnments and installation of cemetery merchandise).
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CSV Stock Forecast Based on Zacks ABR data; powered by Xignite |
