M&A Deal Summary

Service International Acquires Stewart Enterprises

On May 29, 2013, Service International acquired consumer services company Stewart Enterprises for 1.4B USD

Acquisition Highlights
  • This is Service International’s 5th transaction in the Consumer Services sector.
  • This is Service International’s largest (disclosed) transaction.
  • This is Service International’s 5th transaction in the United States.
  • This is Service International’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2013-05-29
Target Stewart Enterprises
Sector Consumer Services
Buyer(s) Service International
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

Stewart Enterprises

Jefferson, Louisiana, United States
website
Stewart Enterprises, Inc. is a funeral and cemetery services provider in the nation, with 217 funeral homes and 141 cemeteries in 24 states and Puerto Rico.

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Buyer(S) 1

Buyer

Service International

Houston, Texas, United States

website

Category Company
Founded 1962
Sector Consumer Services
Employees16,503
Revenue 4.1B USD (2022)
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 founded in 1962 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 7
Sector (Consumer Services) 5 of 7
Type (Add-on Acquisition) 4 of 6
State (Louisiana) 1 of 1
Country (United States) 5 of 7
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-03 The Neptune Society

Plantation, Florida, United States

The Neptune Society is a direct cremation organization with a network of 30 locations in nine states.Its services include cremation planning, cremation services for immediate needs, and veteran’s services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Everly-Wheatley Funeral Home

Alexandria, Virginia, United States

Tharp-Sontheimer-Tharp Funeral Home is a provider of carriage services.

Sell -
Mergr

Product

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