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The Alderwoods Group formed on January 2, 2002, after the Loewen Group, then the second largest funeral home and cemetery operator in North America, emerged from bankruptcy. [2] In November 2006, Alderwoods was acquired by Service Corporation International in a US$1.2 billion deal reached in April of the same year. [3] [4]
They also owned a funeral home that performed funerals for the deceased that would be paid for by the estate. Some families sold their allotments to the Drummonds to cover the costs of their debt to the Hominy Trading Company. [5] [6] In 1910, Fred G. Drummond was appointed Henry Roan's guardian and he purchased parts of Roan's land. [7]
Service Corporation International is an American provider of funeral goods and services as well as cemetery property and services. It is headquartered in Neartown, Houston, Texas, and operates secondary corporate offices in Jefferson, Louisiana (near New Orleans). [5] [6] SCI operates more than 1500 funeral homes and 400 cemeteries. [1]
In the 1960s, a push for large companies acquiring smaller funeral homes and cemeteries occurred. [21] Although there has been a consistent push for consolidation, the majority of the industry still consists of small, family-owned businesses. [21] As of 2019, there are around 19,136 funeral homes that provide funeral services in the U.S.
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In 1985 Loewen Group went public and, in 1987, the company expanded into the United States. In the years that followed, Loewen rapidly expanded his company, purchasing hundreds of small independent funeral homes. By the mid-90s, the company had 15,000 employees and operated 1,115 funeral homes and was the world's second-largest funeral chain. [10]
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In 2003, 15 percent of corporately owned funeral homes in the US were owned by one of three corporations. [9] The majority of morticians work in small, independent family-run funeral homes. The owner usually hires two or three other morticians to help them. Often, this hired help is in the family, perpetuating the family's ownership.