M&A Deal Summary

Service International Acquires Palm Mortuary

On December 3, 2009, Service International acquired consumer services company Palm Mortuary

Acquisition Highlights
  • This is Service International’s 2nd transaction in the Consumer Services sector.
  • This is Service International’s 2nd transaction in the United States.
  • This is Service International’s 1st transaction in Nevada.

M&A Deal Summary
Date 2009-12-03
Target Palm Mortuary
Sector Consumer Services
Buyer(s) Service International
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Service International

Houston, Texas, United States
Category Company
Founded 1962
Sector Consumer Services
Employees16,503
Revenue 4.1B USD (2023)
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 2 of 7
Sector (Consumer Services) 2 of 7
Type (Add-on Acquisition) 2 of 6
State (Nevada) 1 of 1
Country (United States) 2 of 7
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Alderwoods Group

Cincinnati,, Ohio, United States

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.

Buy $856M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-26 Keystone North America

Toronto,, Ontario, United States

Keystone North America Inc. is a funeral and cemetery services provider in North America, raises antitrust concerns in the markets for both funeral services and cemetery services.

Buy $256M
Mergr

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