Duke Street's Laurel Funerals bolts on two

Laurel stated that it was attracted to these businesses in particular because of their existing funeral teams and good reputations.

Duke Street did not provide additional financing in order to fund the transaction.

Headquartered in Wolverhampton, Laurel Funerals operates across 73 locations in the UK. Laurel is pursuing a buy-and-build strategy, with acquired companies operating under the trading name of LM Funerals while retaining individual identities.

Previous funding
Duke Street (then Sovereign Capital) acquired Laurel Management Services in October 2003 for £21m, according to unquote" data. LM Funerals was sold to its current owners in April 2012 in a deal worth £37.5m. The funeral service company has completed numerous bolt-on purchases, including five acquisitions in 2010.

Company
WS Scott & Son was founded in 1860 and is managed by a fifth generation of the Scott family. The company has two branches in the north and west of Birmingham.

Earl & Co was founded in 1898 and is run by a third generation of the Pullen family in the south Kent area. Laurel plans to introduce a number of additional branches to the brand during the rest of 2014.

People
Deborah Kemp is CEO of Laurel Funerals.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Portfolio management
• Consumer
• Duke Street