Carriage Services Acquires Osceola Funeral Homes and Cemetery in Orlando Metro Area.

Carriage Services, a funeral and cemetery services provider, has acquired the assets of Osceola Memory Gardens and several funeral homes and crematories in the Orlando, Florida metro market. The acquisition strengthens Carriage's presence in the growing market and aligns with its growth strategy. The deal includes six funeral homes, a cemetery, a crematory, and a care center, serving thousands of families annually.

Carriage Services (NYSE: CSV) has announced a significant acquisition in the Orlando, Florida metro market, acquiring Osceola Memory Gardens and its associated businesses. The acquisition includes six funeral homes, a cemetery, a crematory, a care center, and a cremation-focused business, serving thousands of families annually Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1].

The acquisition aligns with Carriage's strategic growth plan, aiming to establish dominant positions in large, growing metropolitan markets. The Orlando market is particularly attractive due to its population growth and favorable demographics, including an aging population that provides a natural tailwind for funeral service providers Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1].

Bob Russell, President of Osceola, stated, "For over forty years, I have been proud of our team and their commitment to providing exceptional service to the families of Kissimmee County. When the time arrived for us to create a succession plan, our priority was to find a team that would uphold and build upon the reputation and legacy we have worked so hard to establish over the years. As we got to know the team at Carriage, we quickly knew they would be the right choice based on their commitment and track record of premier service, community support, and taking care of the people who take care of families. We couldn’t be happier or more confident with our decision to partner with Carriage, and we appreciate their support in making this transition as seamless as possible" Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1].

Steve Metzger, President of Carriage Services, added, "Osceola is a truly unique collection of businesses with an incredible team. We are honored that Bob, Terry, and Mike selected Carriage to support and help lead their businesses, and we look forward to growing with the Osceola team in the years ahead" Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1].

The acquisition represents more than just additional locations; it's a strategic portfolio diversification within the death care industry. By acquiring Osceola's diverse operations, Carriage gains exposure to multiple revenue streams, including traditional funeral services, cemetery plot sales, cremation services, and a dedicated cremation business targeting cost-conscious consumers Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1].

Carlos Quezada, Vice Chairman and CEO, stated, "We are thrilled to reengage in acquisitions as part of our long-term growth strategy. This milestone marks the first step toward realizing our 2030 Vision and reinforces our commitment to purposeful growth" Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1].

Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. It operates 162 funeral homes in 24 states and 28 cemeteries in 9 states. The company is dedicated to delivering premier experiences through innovation, partnership, and elevated service Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1].

References:
Carriage Services Announces the Acquisition of Osceola Memory Gardens, Cemetery, Funeral Homes & Crematory; Porta Coeli Funeral Home & Crematory; Fisk Funeral Home & Crematory; Funeraria Borinquen; and Cremation Care Providers of Central Florida^[1] https://www.stocktitan.net/news/CSV/carriage-services-announces-the-acquisition-of-osceola-memory-g96sqq51r1t0.html