Carriage Services Closes Heritage Memorial Acquisition in California
HOUSTON, June 16 Carriage Services, Inc. (NYSE: CSV) announced today that it has acquired Heritage Memorial Services (Heritage) in Huntington Beach, Orange County, California from Dennis and Linda Gallagher. Recognizing an opportunity for service in a growing market, in 2001 the Gallaghers opened a premier funeral home business in a prime location within the community. Having laid a firm foundation for future growth, the business has grown from serving approximately 130 families annually to more than 560 annually today. Dennis and Linda Gallagher will continue to be very active in Heritage and the funeral industry as consultants for Carriage Services.
J. Bradley Green, Executive Vice President, Strategic Development of Carriage, said, "We are pleased to be able to add this premier business to our portfolio as we continue to expand our strategic presence in the Southern California market through the execution of our growth strategy. As always, we will strive to uphold and build upon the standard of service, excellence and reputation for which Heritage Memorial is known."
Carriage Services is a leading provider of death care services and merchandise in the United States. Carriage operates 140 funeral homes in 25 states and 33 cemeteries in 12 states.
Certain statements made herein or elsewhere by, or on behalf of, 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 and Form 10-K for the year ended December 31, 2009, 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 Form 10-K, and other Carriage Services information and news releases, are available at www.carriageservices.com.
Contacts: Terry Sanford, EVP & CFO Carriage Services, Inc. 713-332-8400 Ken Dennard / email@example.com Kip Rupp / firstname.lastname@example.org DRG&E / 713-529-6600
SOURCE Carriage Services, Inc.
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