Carriage Services Expands Into The Northern North Carolina Market With
Acquisitions In High Point And Archdale
HOUSTON, Dec. 11, 2012
HOUSTON, Dec. 11, 2012 /PRNewswire/ --Carriage Services, Inc. (NYSE:CSV) is
pleased to announce the acquisition of Cumby Family Funeral Service, a
prominent funeral business with two rooftops in High Point and Archdale, North
Carolina. Founded in 1948 by Wade and Edith Cumby, the business has grown to
serve almost 700 families annually under the stewardship of James Cumby and
his sons, Andrew and Michael. The business has an impeccable reputation and
has been a staple of the community for decades. With the addition of Cumby
Family Funeral Service, Carriage has a showcase business in North Carolina
that will serve as a springboard into a growing regional market. We are
pleased to announce that the former owners, James, Andrew and Michael, will
all be staying on with the business: Andrew will assume the role of Managing
Partner, James will be a funeral director, and Michael will assist with
management's integration of the business on a go forward basis.
Mel Payne, Chairman and CEO of Carriage, stated, "The acquisition of the Cumby
business is an excellent fit with our acquisition growth strategy, and we are
excited for their future prospects. Carriage prides itself on partnering with
the finest independent operators in the industry and the Cumby's epitomize
this aim. North Carolina is a traditional market and our goal is that this
acquisition represents the first of many in this attractive region."
Carriage Services is a leading provider of deathcare services and merchandise
in the United States. Carriage operates 165 funeral homes in 26 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 on Form
10-K for the year ended December 31, 2011, 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.
SOURCE Carriage Services, Inc.
Contact: Bill Heiligbrodt, Carriage Services, Inc., +1-713-332-8400; or
Investors, Alexandra Tramont or Matt Steinberg, both of FTI Consulting, Inc.,
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