M&A Deal Summary

Service International Acquires Alderwoods Group

On April 3, 2006, Service International acquired consumer services company Alderwoods Group for 856M USD

Acquisition Highlights
  • This is Service International’s 1st transaction in the Consumer Services sector.
  • This is Service International’s 2nd largest (disclosed) transaction.
  • This is Service International’s 1st transaction in the United States.
  • This is Service International’s 1st transaction in Ohio.

M&A Deal Summary

Date 2006-04-03
Target Alderwoods Group
Sector Consumer Services
Buyer(s) Service International
Deal Type Add-on Acquisition
Deal Value 856M USD
Advisor(s) Bear Stearns & Co. Inc. (Financial)
Jones Day (Legal)

Target

Alderwoods Group

Cincinnati,, Ohio, United States
website
Alderwoods Group, Inc. is the operator of funeral homes and cemeteries in North America, Alderwoods operated 594 funeral homes, 72 cemeteries and 60 combination funeral home and cemetery locations throughout North America. Alderwoods provides funeral and cemetery services and products on both an at-need and pre-need basis. In support of the pre-need business, Alderwoods operates insurance subsidiaries that provide customers with a funding mechanism for the pre-arrangement of funerals.

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Buyer(S) 1

Buyer

Service International

Houston, Texas, United States

website


Category Company
Founded 1962
SectorConsumer Services
Employees16,503
Revenue 3.5B USD (2020)
DESCRIPTION
Entrance to Service Corporation International's corporate headquarters in Houston, Texas.
Entrance to Service Corporation International's corporate headquarters in Houston, Texas.

Service Corporation International (SCI) is a provider of deathcare products and services. Service Corporation owns and operates 1,595 funeral homes and 477 cemeteries (of which 262 are combination locations) in 43 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Service Corporation International was formed in 1962 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 7
Sector (Consumer Services) 1 of 7
Type (Add-on Acquisition) 1 of 6
State (Ohio) 1 of 1
Country (United States) 1 of 7
Year (2006) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-01 Dignity

West Midlands, United Kingdom

At Dignity we are funeral people – it's all we do. We strive to set the highest standards for the funeral profession in terms of client service and care for the deceased.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-03 Palm Mortuary

Las Vegas, Nevada, United States

Palm Mortuary, Inc. is one of North America's premier funeral and cemetery operations and whose holdings include five funeral home and cemetery combination operations, three stand alone funeral homes, one flower shop and one monument shop.

Buy -