News hero banner image
SUBSCRIBE TO OUR BLOG
NEWS CATEGORIES
SUBSCRIBE TO OUR BLOG
NEWS CATEGORIES

SCI Announces the Acquisition of 70% Interest in The Neptune Society, Inc.

PR Newswire
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.

Read the full article at PR Newswire

Special thanks to Caroline Flanders of the Deathcare Discussion Mailing List for directing us to this article.

Send me an email when this blog has been updated.