Blog Archive: June 2013

On May 29, 2013, an event that many in the funeral industry had been anticipating for years finally came to fruition: Service Corporation International (SCI), America’s largest provider of funeral, cremation and cemetery services, acquired the second largest, Stewart Enterprises. According to SCI’s press release announcing the acquisition, the deal “has an enterprise value of $1.4 billion.” The CEOs and shareholders were pleased; both companies saw a rise in stock price after the announcement.