Market Overview

Carriage Services Expands Its Presence in the Greater New York Metropolitan Area

Carriage Services, Inc. (NYSE: CSV) is pleased to announce the acquisition of Bryant Funeral Home, a prominent funeral business located in the Greater New York City Metropolitan Area. This firm has local family roots that extend back over eleven generations and has been a trusted and well-respected member of the community for decades. Presently, the establishment serves over 250 families per year with an emphasis on traditional burials and memorials. With this acquisition, Carriage now has two showcase facilities on Long Island. Fred Bryant, a fixture in both the local community and industry, will remain involved with the business.

Mel Payne, Chairman and CEO of Carriage, stated, "We are thrilled to be able to expand our presence in New York. The market is much more traditional than other parts of the country and benefits from higher average revenues per service. This is the kind of environment in which Carriage thrives. The firm will be an excellent addition to the Carriage family and illustrates our commitment to partnering with the finest operators in the country."

Posted-In: News M&A

 

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