A team of Haynes and Boone, LLP attorneys recently advised The Signature Group in the purchase of Daniels Family Funeral Services, owner of eight New Mexico funeral homes, three cemeteries and two crematories.
Houston Partner Jeff Dinerstein of the firm’s mergers and acquisitions practice group and Houston associate Will Stafford led the Haynes and Boone effort for the privately held consolidation company. Castel Hibbert, Patriot Bank Executive Vice-President, served as lender.
Daniels Family Services, owned by Kevin R. Daniels, consisted of funeral homes in Albuquerque, Rio Rancho and Socorro, along with cemeteries and crematories in Albuquerque and Rio Rancho.
With an intense focus on family service in the greater Albuquerque community, Daniels had grown the company into an industry leading business serving more than 2,200 families annually. He will remain actively engaged with The Signature Group to ensure continuity in the expected level of service and company growth.
“We are very excited that our first acquisition as a private company is a large, premiere business with one of the most respected owners in the industry,” said J. Bradley Green, co-founder of The Signature Group. “Daniels Family Funeral Services’ infrastructure and reputation as a high quality operation will immediately give the Signature Group a strong foundation to grow into a leading private consolidator.”
The Signature Group is a privately held consolidation company with the same focus on operations and serving families as that of the well-respected independents in the industry. The Signature Group provides independent owners the opportunity to join a company founded and operated by two individuals with proven track records whose operational strategy is to build a long-lasting organization that remains under their control.
