This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Carriage Services Expands Its Oklahoma Footprint With The Acquisition Of Lawton Ritter Gray Funeral Home, Gray Funeral Home And Sunset Memorial Gardens

Stocks in this article: CSV

HOUSTON, June 27, 2012 /PRNewswire/ -- Carriage Services, Inc. (NYSE: CSV) announced today that it has acquired Lawton Ritter Gray Funeral Home, Gray Funeral Home and Sunset Memorial Gardens in Lawton and Grandfield, Oklahoma. Gary and Judy Gray established Gray Funeral Home in Grandfield, Oklahoma in 1960.  Building on their success in Grandfield, the Grays then expanded their business with the purchase of Lawton's original funeral home in 1982.  The Lawton location has a history of service in the community dating back over 100 years. Renamed Lawton Ritter Gray Funeral Home, the Grays continued the rich and storied tradition of serving families in and around Lawton, Oklahoma. Over time, the businesses' ownership eventually transitioned to Gary and Judy's children, Kara Gray Ludlum and Kris Gray. Under Kara and Kris' tenure, the business expanded again in 2001 with the purchase of Sunset Memorial Gardens, also located in Lawton.  Given this local visibility and community ties, Carriage is very pleased to announce that Kris Gray will continue to be actively involved as the businesses' Managing Partner.

Melvin C. Payne, Chairman and CEO of Carriage Services stated, "The exemplary reputation that the Grays have developed within the local community will be a tremendous asset for us as we continue to expand into traditional service markets such as Lawton, Oklahoma.  We are also thrilled that both Kris and Kara plan to stay actively involved in the businesses. The Gray family has worked tirelessly to build on the values of excellent service and trust, and we look forward to maintaining these same values under Carriage's entrepreneurial decentralized operating model."

This transaction represents Carriage Services third acquisition in 2012 and exemplifies our ongoing strategy of identifying and targeting for acquisition only the best independent operators in the industry. Additionally, this acquisition puts Carriage well on our way of reaching our stated goals for 2012.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs