Carriage Services Announces the Acquisition of Faith Chapel Funeral Homes & Crematory in Pensacola, Florida
Rhea-AI Summary
Carriage Services (NYSE:CSV) has announced the acquisition of Faith Chapel Funeral Homes & Crematory in Pensacola, Florida. The acquisition includes two funeral homes and a crematory, with Faith Chapel currently serving approximately 700 families annually as the premier funeral home in the market.
The transaction marks Carriage Services' strategic entry into the Pensacola market and expands its significant presence throughout Florida. Faith Chapel has been serving the Pensacola community for 60 years, and the acquisition aligns with Carriage's 2030 Vision and strategy of partnering with high-quality businesses in growing markets.
Positive
- Acquisition of premier funeral home serving 700 families annually
- Strategic expansion into new Pensacola market
- Addition of two funeral homes and crematory to portfolio
- Strengthens Carriage's presence in Florida market
Negative
- Financial terms and transaction value not disclosed
- Integration costs and timeline not specified
News Market Reaction – CSV
In the Sep 18 session, CSV gained 3.15%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Carriage Services, Inc. ("Carriage" or "Carriage Services") is pleased to announce that it has acquired substantially all the assets of Faith Chapel Funeral Homes & Crematory (collectively, "Faith Chapel"), consisting of two funeral homes and a crematory, located in the Pensacola, Florida market.
Mike Atwood, CEO and President of Faith Chapel, stated, “Faith Chapel has served the Pensacola community for sixty years, and our family has been deeply committed to supporting both our community and our team. As we prepare for the next phase of Faith Chapel’s growth, we have chosen Carriage to continue our legacy due to their strong reputation and dedication to service. As we have gotten to know the Carriage team better throughout this process, it has only reassured us that Faith Chapel is in good hands and will continue to serve our community at the highest level.”
Steve Metzger, President of Carriage Services, stated, "As Carriage enters Pensacola, we do so with the premier funeral home in the market, currently serving approximately 700 families a year. We are excited to continue our focus on partnering with high quality businesses in growing markets, by expanding our significant presence throughout Florida.”
Carlos Quezada, Vice Chairman and CEO of Carriage Services, stated, “We are energized to continue our acquisition journey, turning strategy into long-term value creation, accelerating purposeful growth, and moving closer to realizing our 2030 Vision.”
About Carriage Services
Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage operates 164 funeral homes in 24 states and 28 cemeteries in 9 states. Carriage is dedicated to delivering premier experiences through innovation, partnership, and elevated service.
For more information, please contact us at investorrelations@carriageservices.com.
Cautionary Statement
Certain statements made herein or elsewhere by, or on behalf of, Carriage (the "Company") that are not historical facts are intended to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions that the Company believes are reasonable; however, many important factors, as discussed under "Forward-Looking Statements and Cautionary Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company’s Quarterly Reports on Form 10-Q, could cause the Company's results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company. The Company assumes no obligation to update or publicly release any revisions to forward-looking statements made herein or any other forward-looking statements made by, or on behalf of, the Company. A copy of the Company's Annual Report on Form 10-K, the Company's Quarterly Reports on Form 10-Q, and other information about the Company and news releases, are available at https://www.carriageservices.com.
