Antitrust Lawyer Blog Commentary on Current Developments

FTC Receives Supplemental Petition for Approval of Proposed Divestiture from SCI and Alderwoods Group

On March 6, the FTC received a supplemental petition from Service Corporation International (“SCI”) and Alderwoods Group, Inc. seeking approval of a proposed divestiture related to SCI’s recent acquisition of Alderwoods. The FTC’s agreement and order required SCI and Alderwoods to divest a range of funeral home and cemetery services companies in order to guarantee competition and quality of service. Through this petition, the companies requested approval to divest Parnick Jennings Funeral Home & Cremation Services of Cartersville, Georgia, to Pinnacle Funeral Services, LLC. This petition supplements a petition submitted to the Commission earlier this year by substituting Pinnacle for Rollings Funeral Services, Inc. Pinnacle is a collaboration between Vinyard Financing, LLC, and Greg Rollings, who founded and owns Rollings and will serve as president of Pinnacle.
Robert Doyle
(202) 589-1834
rdoyle@dbmlawgroup.com