Growth Strategy
Growth strategies that drive results.
Our Strategic Acquisition Model uses ranking criteria to assess acquisition and divestiture candidates. The Carriage Services team believes this model will be a primary driver of higher revenue and sustainable future profits.
As the team executes this strategy over time, Carriage will affiliate with remaining independent operators in markets that are demographically attractive and positioned for growth.
Acquisition Model
Selectively choosing partners that are right for Carriage
The local funeral homes and cemeteries that Carriage Services have partnered with all have 3 qualities: passionate partners, businesses with heritage and the clear willingness & desire to improve.
Carriage wants to partner with like-minded owners that have a passion for their business and their community. A business that has a history of goodwill in their community is something that gets our team excited. And last but not least, the desire to “Be The Best” and the drive to improve the way we deliver for families is just the kind of partner we love.
Strategy
5 AREAS OF FOCUS = 1 GOAL
Strategic areas of focus leading to sustained growth
Personalized Memorable Services: Providing funeral services that are meaningful to each family and memorable to each guest
Increase Market Share: Higher return rates of family and guests after quality and personalized experiences at a Carriage Services funeral and business growth from localized decision making/expert operational support
High Quality Employee Talent: Continually attracting the best candidates and potential acquisition locations from reputation and practices that are best for the employee/individual location
Higher Earnings & Cash Accumulation: Increased earnings and cash accumulation from returning families and guests impressed with the quality and personalization experiences
Strategic Reinvestment: Identify and fund areas that will allow for local funeral homes to grow their business, including People/Talent, IT, Dividends, Debt Paydown and Acquisitions