Carriage Services Announces the Acquisition of Heritage Funeral and Cremation Services and Forest Lawn East Cemetery
October 25 2022 - 6:14PM
Carriage Services, Inc. (NYSE:
CSV) ("Carriage" or "Carriage Services") is pleased
to announce that it has acquired substantially all the assets of
Heritage Funeral and Cremation Services and Forest Lawn East
Cemetery ("Heritage"), a business consisting of three stand-alone
funeral homes, a cemetery, and a cremation focused business,
located in the Charlotte, North Carolina market.
“When we started considering our options for a
succession plan, we knew exactly the type of company we had in
mind. We wanted a company that would respect us and what our team
had built and would allow us the flexibility to continue operating
as we always had to achieve our goals and serve our families. We
were able to find all that and more with Carriage and the
transition has been seamless thanks to their approach in blending
us into their operation. I cannot wait to see what the future holds
for all of us,” stated Harris High and Carolyn Williams, former
owners of Heritage Funeral and Cremation Services and Forest Lawn
East Cemetery for the last 25 and 51 years, respectively.
"As we have gotten to know Harris and Carolyn,
we have had the good fortune to learn more about their passion for
Heritage, Forest Lawn East, their community and their team. We are
committed to protecting and building upon that passion and the
legacy that they, along with Carolyn’s father, have built over the
years.
The addition of Heritage, as a leader serving
more than 1,200 families a year in one of the fastest growing
markets in the country, aligns well with our focus on partnering
with the best remaining independent funeral and cemetery businesses
in high growth strategic markets. We are honored that Harris and
Carolyn have selected Carriage and we look forward to supporting
the Heritage team in the years to come," stated Steve Metzger,
Executive Vice President and Chief Administrative Officer for
Carriage Services.
About Carriage Services
Carriage Services is a leading provider of funeral and cemetery
services and merchandise in the United States. Carriage operates
173 funeral homes in 26 states and 32 cemeteries in 11 states. For
more information, please contact us at
investorrelations@carriageservices.com.
Cautionary Statement
Certain statements made herein or elsewhere by, or
on behalf of, Carriage (the "Company") that are not historical
facts are intended to be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements are based on assumptions that the Company believes
are reasonable; however, many important factors, as discussed under
"Forward-Looking Statements and Cautionary Statements" in the
Company's Annual Report on Form 10-K for the year ended December
31, 2021 and the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2022, could cause the Company's results in
the future to differ materially from the forward-looking statements
made herein and in any other documents or oral presentations made
by, or on behalf of, the Company. The Company assumes no obligation
to update or publicly release any revisions to forward-looking
statements made herein or any other forward-looking statements made
by, or on behalf of, the Company. A copy of the Company's Annual
Report on Form 10-K, the Company's Quarterly Reports on Form 10-Q,
and other information about the Company and news releases, are
available at http://www.carriageservices.com.
Carriage Services (NYSE:CSV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Carriage Services (NYSE:CSV)
Historical Stock Chart
From Jul 2023 to Jul 2024