Alleghany Capital Acquires 45% Stake in Wilbert Funeral Services
June 28, 2017
Alleghany Capital Corporation has entered into a definitive agreement to acquire a 45% equity interest in Wilbert Funeral Services, a leading provider of burial vaults, cremation products and precast concrete solutions for the funeral and cemetery industries. The minority investment establishes a long-term partnership to support Wilbert's management team in pursuing profitable growth, product innovation and potential acquisitions while preserving the company’s culture.
- Targets
- Wilbert Funeral Services, Inc.
- Sellers
- Majority owners of Wilbert (unnamed), Joseph U. Suhor, III (Chairman of the Board of Directors of Wilbert)
- Industry
- Manufacturing
- Location
- Kansas, United States
- Transaction Type
- Growth capital
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