Littlebanc Advisors LLC said Wednesday they have made a second investment in PF Management Services LLC (“The Premier Group”). Financial terms weren’t announced. Indianapolis-based Premier buys and operates funeral homes and related businesses.
DELRAY BEACH, FL–(Marketwired – September 30, 2015) – Littlebanc Advisors, LLC (“Littlebanc”) is pleased to announce a second investment in PF Management Services, LLC (“The Premier Group”) through an affiliate. The Premier Group acquires and operates funeral homes and related businesses.
About The Premier Group
The Premier Group, through its affiliated companies, acquires and operates funeral homes and related businesses in tier 2 and tier 3 markets in the US. Based in the Indianapolis area, the Company generally has targeted markets in 17 states, primarily in the Midwest, Southeast and Eastern regions of the US where management has operated death care businesses throughout the team’s careers. The company targets under-performing owner-operated homes that it can acquire at attractive valuations and then improve operating margins through revenue growth initiatives such as community outreach and targeted marketing and through cost cutting measures such as scale purchasing and shared/consolidated overhead.
For a full case study regarding Littlebanc’s investment in The Premier Group click here.
Littlebanc is a private equity firm that invests in small, high-quality businesses in old-world, simple, and enduring industries. Littlebanc invests the firm’s own capital along with capital from select Limited Partners (“LPs”) and takes an active approach with its portfolio companies to assist them in realizing their potential. Littlebanc’s LPs are predominantly seasoned finance professionals that are drawn to the firm due to their ability to select only the investments that they want to participate in, position size each investment, and the collective expertise of the broader LP base, which can add considerable value to each portfolio company.
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