June 3, 2011
HOUSTON, June 3, 2011 /PRNewswire/ — Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that it has acquired 70% of the outstanding shares of The Neptune Society, Inc. Neptune is the nation’s largest direct cremation organization, with annual revenues of more than $55 million and a network of 30 locations in nine states. Through an active preneed sales program, Neptune has built a backlog of future revenues of more than $125 million. Neptune operates under the brand names Neptune Society, Neptune Cremation Service and Trident Society.
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Special thanks to Caroline Flanders of the Deathcare Discussion Mailing List for directing us to this article.