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
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 and central care center, and a cremation-focused business.
The acquired businesses, which serve thousands of families annually, were previously led by Bob Russell for over 40 years. This strategic move strengthens Carriage's presence in the growing Orlando metro market and aligns with their 2030 Vision for purposeful growth. The acquisition marks Carriage's reentry into acquisition-based expansion.
Carriage Services (NYSE:CSV) ha annunciato un'importante acquisizione nell'area metropolitana di Orlando, Florida, rilevando Osceola Memory Gardens e le attività correlate. L'operazione comprende sei case funerarie, un cimitero, un crematorio con centro di cura centrale e un'attività focalizzata sulla cremazione.
Le attività acquisite, che ogni anno assistono migliaia di famiglie, erano guidate da Bob Russell per oltre 40 anni. Questa mossa strategica rafforza la presenza di Carriage nel mercato in crescita di Orlando e si allinea alla loro Visione 2030 per una crescita mirata. L'acquisizione segna il ritorno di Carriage a un’espansione basata su acquisizioni.
Carriage Services (NYSE:CSV) ha anunciado una adquisición significativa en el área metropolitana de Orlando, Florida, al adquirir Osceola Memory Gardens y sus negocios asociados. La compra incluye seis funerarias, un cementerio, una crematorio y centro de atención central, y un negocio enfocado en la cremación.
Los negocios adquiridos, que atienden a miles de familias cada año, estuvieron dirigidos por Bob Russell durante más de 40 años. Este movimiento estratégico refuerza la presencia de Carriage en el creciente mercado de Orlando y se alinea con su Visión 2030 de crecimiento con propósito. La adquisición representa el regreso de Carriage a una expansión apoyada en compras.
Carriage Services (NYSE:CSV)가 플로리다주 올랜도 대도시권에서 중대한 인수 건을 발표했습니다. Osceola Memory Gardens와 관련 사업체들을 인수했으며, 이번 인수에는 6개의 장례식장, 묘지, 화장시설과 중앙 관리 센터, 화장 중심 사업이 포함됩니다.
해당 사업체들은 매년 수천 가구를 돕고 있으며, 40년 이상 Bob Russell이 이끌어 왔습니다. 이번 전략적 결정은 성장 중인 올랜도 시장에서 Carriage의 입지를 강화하고, 그들의 2030 비전인 목적 있는 성장을 지향하는 계획과 일치합니다. 이 인수는 Carriage가 인수 기반 확장으로 다시 진출했음을 의미합니다.
Carriage Services (NYSE:CSV) a annoncé une acquisition importante sur le marché métropolitain d'Orlando, en Floride, en rachetant Osceola Memory Gardens et ses activités associées. L'acquisition comprend six salons funéraires, un cimetière, un crématorium avec centre de soins central et une activité axée sur la crémation.
Les entreprises acquises, qui accompagnent chaque année des milliers de familles, étaient dirigées par Bob Russell pendant plus de 40 ans. Cette décision stratégique renforce la présence de Carriage sur le marché en croissance d'Orlando et s'aligne sur leur Vision 2030 pour une croissance ciblée. L'acquisition marque le retour de Carriage à une expansion fondée sur des acquisitions.
Carriage Services (NYSE:CSV) hat eine bedeutende Übernahme im Großraum Orlando, Florida, bekanntgegeben: das Unternehmen erwirbt Osceola Memory Gardens sowie die zugehörigen Betriebe. Zum Kauf gehören sechs Bestattungshäuser, ein Friedhof, ein Krematorium mit zentraler Pflegeeinrichtung und ein auf Einäscherung ausgerichtetes Geschäft.
Die übernommenen Betriebe, die jährlich Tausende von Familien betreuen, wurden über 40 Jahre von Bob Russell geleitet. Dieser strategische Schritt stärkt Carriages Präsenz im wachsenden Markt von Orlando und steht im Einklang mit ihrer 2030-Vision für gezieltes Wachstum. Die Übernahme markiert zudem Carriages Rückkehr zu akquisitionsgetriebener Expansion.
- Strategic expansion into the growing Orlando metro market
- Acquisition of multiple established businesses serving thousands of families annually
- Comprehensive service offering including funeral homes, cemetery, and cremation services
- First step in executing company's 2030 Vision growth strategy
- Integration challenges with multiple business units may arise
- Financial terms and acquisition costs not disclosed
Insights
CSV expands Florida funeral operations through strategic acquisition in growing Orlando market, strengthening regional presence.
Carriage Services' acquisition of Osceola's funeral operations represents a significant expansion in the Orlando metro market. The transaction includes six funeral homes, a cemetery, a crematory, and a cremation-focused business - a comprehensive suite of death care assets serving thousands of families annually. This acquisition aligns perfectly with Carriage's stated growth strategy of establishing dominant positions in large, growing metropolitan markets.
The Orlando market is particularly attractive due to its population growth and demographic trends favoring the death care industry. Florida's aging population provides a natural tailwind for funeral service providers. By acquiring an established business with over 40 years of history, Carriage gains immediate market credibility without the typical startup costs and extended timeline of building new locations.
This transaction marks Carriage's return to an acquisition-based growth strategy, which the company explicitly ties to its "2030 Vision." The comprehensive nature of this purchase - combining traditional funeral homes, cemetery operations, and cremation services - allows Carriage to capture revenue across the full spectrum of end-of-life services, particularly important as cremation rates continue to rise nationally.
The Osceola acquisition reinforces Carriage's business model of partnering with premier local operators while providing corporate support infrastructure. This approach allows them to maintain the community connections of local funeral homes while achieving operational efficiencies through scale.
This 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: traditional funeral services, cemetery plot sales (which provide pre-need sales opportunities), cremation services (the fastest-growing segment in death care), and a dedicated cremation business targeting cost-conscious consumers.
The inclusion of a cemetery business is particularly valuable, as cemetery operations typically generate higher margins and more predictable recurring revenue through maintenance fees and memorial sales compared to standalone funeral homes. Additionally, combination businesses (funeral home on cemetery property) historically outperform standalone locations by capturing complete service cycles.
The acquisition of Funeraria Borinquen specifically targets the Hispanic market, a growing demographic in central Florida with distinct cultural funeral traditions. This demonstrates Carriage's understanding of the importance of cultural competency in funeral services.
Orlando's market dynamics are favorable for funeral operators due to both population growth and favorable demographics. As a tourism and retirement destination, the region has a steady influx of both permanent residents and seasonal visitors, creating demand stability.
The mention that Osceola "serves thousands of families each year" indicates this is a substantial operation with significant market share. For Carriage, which operates on a decentralized model that empowers local management, acquiring established businesses with strong community reputations is far more efficient than building new locations from scratch.
HOUSTON, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) ("Carriage" or "Carriage Services") is pleased to announce that it has acquired substantially all the assets 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 (collectively, "Osceola"), consisting of a combination business with a funeral home located on a cemetery, five stand-alone funeral homes, a crematory and central care center, and a cremation focused business, located in the growing Orlando, Florida metro market.
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.”
Steve Metzger, President of Carriage Services, stated, "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.
The addition of Osceola, which serves thousands of families each year with six funeral homes, a cemetery, a dedicated cremation business, and a care center, strengthens our significant presence in the growing Orlando metro market and aligns with our growth strategy focused on partnering with premier businesses in large growing markets."
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.”
About Carriage Services
Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage operates 162 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.
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