Recently, the two largest funeral home operators, Service Corp. International and Stewart Enterprises Inc. have merged.Because of the baby boomer generation, this merger has been a long time coming.Service Corp. International paid just over a billion dollars for StewartEnterprises Inc. Serv. Corp reported that the companies merger would have a $9 billion dollar revenue backlog. This backlog is a result from pre- plannedbookings. Combined the operators own 1,653 funeral homes across 48 states,eight Canada provinces, and Puerto Rico. Shareholders are pleased with the 11%Increase in stock.
See Chris Peters, Maju Samuel, and Ted Kerr, Top Two U.S. Funeral Companies Merge As Baby Boomers Boost Demand, Reuters, May 29, 2013.
