Our entire personnel (management and employees) must conduct itself professionally and ensure that the following values permeate everything they do: respect, listening, empathy, ethics, integrity and dedication. During the middle of the 20th century, along with his brothers and other family members, Henri Bougie changed the name of the company to UrgelBourgie.
To meet the growing needs of its clientele, the firm began to expand its offering to include embalming and funeral services as well as casket and hearse manufacturing. UrgelBourgie has continued to successfully grow by acquiring other well-established funeral homes, such as the PARC Commemorate de Montréal, Jar dins Lauren tides (St-Hubert), PARC Du Souvenir (Laval), and Masons Fundraises Fern (Montréal).
The company also acquired J. Bouchard ET Film, Levine Cloutier, the PARC Commemorate La Governance, Jar dins Québec, and Falardeau, Beard, Roy in the Québec City area. Address: 110 Veterans Memorial Boulevard Metairie, Louisiana 70005-3027 U.S.A. Public Company Incorporated: 1970 Employees: 7,500 Sales: $433.4 million (1996) Stock Exchanges: NASDAQ Sics: 7261 Funeral Service and Crematories At Stewart Enterprises, we are committed to maintaining a total death care perspective of quality service to individual families in their own communities by offering funeral, cemetery, cremation and memorialization products and services.
We intend to maintain and enhance the decentralized, autonomous management structure that remains sensitive to local customs and provides the incentive for so many top-quality professionals to join our ranks. We will continue our emphasis on enhancing profitability at the level of each individual business, while maintaining a global vision to our acquisition program.
A program of growth through acquisition that began in the 1970s, gathered steam in the 1980s, and was running full-out in the 1990s built the company from a small Louisiana cemetery operator into a multinational funeral management firm. Furthermore, Stewart's stock price increased by a cumulative 334 percent from its initial offering in 1991 to October 31, 1996.
Like many of its dozens of subsidiaries, Stewart Enterprises continued to be managed by descendants of the founding family. Chairman Frank B. Stewart Jr., a grandson of the founder, controls nearly 40 percent of the company's voting rights.
The company was founded in 1910, when Albert Stewart acquired three New Orleans-area cemeteries and embarked on a renovation program. The business grew modestly over its first two generations of management, diversifying into the construction of mausoleums, vaults, and crypts for its own use and later selling them to other cemetery operators.
A major mausoleum first developed by the Stewart's in New Orleans in 1949 would expand over the ensuing four decades to serve as the final resting place for 31,000 of the city's citizens. Although it remained a strictly local, family business, Stewart was an early innovator in the industry.
Clients could make their funerary preferences known to their loved ones in advance, thereby freeing relatives from difficult decisions during the mourning period. Furthermore, customers purchased their cemetery plots and memorials at current prices and could even avail themselves of installment payment plans, rather than leaving the expense to be settled by their estates.
Stewart benefited by not only locking in future business and market share, but also by increasing current cash flow. The death care industry entered a period of transition in the 1960s, when Service Corp. International emerged as North America's first funeral home conglomerate.
Some owner-operators grew weary of complying with--or hiring attorneys to deal with--ever-increasing state and federal regulation. Others who found that none of their children were interested in learning and owning the family business began to seek out mergers.
Stewart's strategy was to purchase the biggest and best facilities in a given metropolitan area, using clustering to effect marketing and administrative economies. The company made its first foray outside the New Orleans market in 1979, when it acquired one of the industry's largest and most prestigious properties, Dallas's Rest land Memorial Park and Funeral Home.
Stewart parlayed this concept into increased market share by building funeral homes on its best cemetery properties in the 1980s. The company used the proceeds to jump-start its acquisition program, multiplying the number of facilities in its portfolio sevenfold, from less than 60 in 1990 to 425 by the end of 1996.
The company bought the Gross group of six upscale funeral homes in Mexico in 1994, entered Australia in 1995, and penetrated New Zealand in 1996. Stewart's biggest single acquisition to date came in 1996, when it purchased UrgelBourgie, a Canadian group of 77 funeral homes and five cemeteries with a particular concentration in the province of Quebec.
Notwithstanding the breakneck pace of acquisitions made by Stewart and its two primary rivals, the death care industry remained highly fragmented in 1997. According to the 1994 Survey of Funeral Home Operations quoted in Raymond James & Associates' early 1997 evaluation of Stewart, the Louisiana company and its top four publicly traded competitors only accounted for one-fifth of domestic industry revenues, while more than four-fifths of the nation's 22,000 funeral homes and 9,600 cemeteries remained privately and often family-owned.
These statistics were promising, in that they implied plenty of room for continued consolidation, but there was no question that competition for the choicest properties in each metropolitan area would intensify in the years to come. Those concerns grew somewhat more pressing in 1997, when Service Corp. International, the $2 billion leader of the death care industry, mounted a hostile takeover of second-ranking Louie Group.
Byrne, Harlan S., “Stewart Enterprises: 'Death Care' Generates Lively Results,” Barron's, October 11, 1993, pp. Pare, Terrence P., “Picking the Stars of Tomorrow from Today's New Stocks,” Fortune, November 4, 1991, pp.
Self, Michael, “How Big Business Is Shaking the Tradition-Bound Funeral Trade,” Florida Trend, September 1985, pp. Toms ho, Robert, “Funeral Parlors Become Big Business,” The Wall Street Journal, September 18, 1996, p. B1.
Professionalism and compliance with legislation and regulations; record keeping, identification, contractual documents and confidentiality; reception, communication, transportation and presentation procedures; transportation, offices and service rooms; outsourcing, cremation, products offered and rearrangements; staff training, client satisfaction and complaint handling. This standard has been designed to ensure that the services provided are high-quality and transparent, and to better protect those affected by a death so that they may better deal with their grief.
OBITUARY ERNEST JOHN SAFELY In Florida on Friday, February 22, 2006. Devoted and loving father of Mark (Louise Le page), Nancy (John Sou aid) and Janet (David Assault).
Proud Grandfather to Mia and David Sou aid, Nicole and John Emma, Michelle and Christine Safely, and Patrick and Elizabeth Assault. Predeceased by brothers Charles, Edward (Elsa) and Luis, as well as sisters Amelia and Olga.
Philanthropist and an exemplary steward of the Orthodox Church in North America. He was appointed by His Eminence Metropolitan PHILIP as the first Chairman of the Archdiocese Department of Stewardship.
He also served as the first Chairman of the Antioch Village Council, and was instrumental in leading the fundraising that resulted in the building of the Heritage and Learning Center. Visitation will be held at UrgelBourgie Funeral Home, 1255 Beaumont Avenue in Town of Mt.
The funeral service will be held on Tuesday, February 28, 2006, at 10 a.m. at: St. Nicholas Antioch Orthodox Church, 80 DE Castelneau St., E., Montreal, PQ H2R 1P2 Donations made in his memory to St. Nicholas Orthodox Church will be greatly appreciated. Loving father of Adele, Robin (John Galloway) and Rowan.
Funeral service at the Mount Royal Funeral Complex, 1297 Che min de la Forest, Outermost (514) 279-6540 on Wednesday, February 26 at 11 a.m. Visitation one hour prior to service. Formerly of Chateauguay, Quebec, passed on peacefully Sunday, February 23, 2003, in Peterborough, Ontario.
Survived by son Jim (Louise), daughters Joanne (Rick), Pamela (Rob) and grandchildren Emily and David. Private Memorial Service and burial will take place in early spring.
Survived by sons Steven (Kim) of Anguilla, BWI and Alan of Hudson. Loving mother and mother-in-law of Marilyn and Hershey Ca plan, and the late Marvin Holman.
Proud great-grandmother of Matthew Parker Boyer and Joshua Peter Glazer. Funeral service from Paper man & Sons, 3888 Jean Talon West on Wednesday, February 26 at 10:45 a.m. Burial at the Russian Polish Cemetery, DE la Savage.
In lieu of gifts or flowers, donations may be made to Na'Mat Canada, 484-0252 or to the charity of your choice. Suddenly at the Glengarry Memorial Hospital, Alexandria, Ontario, on Sunday, February 23, 2003, age eighty-three years.
Retired employee of the Montreal Star and W.W.II Veteran, Canadian Army. Relatives and friends may call at the Munro & Morris Funeral Homes Ltd.
114 Main St., Alexandria, Ontario (1-613-525-2772) on Tuesday, February 25, 2003, from 2 to 4 and 7 to 9 p.m. and from 10 a.m. until time of Service on Wednesday. As expressions of sympathy, Memorial Donations to the Heart & Stroke Foundation of Ontario would be appreciated by the family.
Loving mother and mother-in-law of Stephen and Madelyn, Fred and Linda, Elaine and Jerry Lip stein. Cherished Bubby of Heidi and Arnie, Donna and Eddie, Howie and Terry, Sharlene and Glenn, Rhonda, Elena and Mark, and Todd.
Funeral service from Paper man & Sons, 3888 Jean Talon West on Tuesday, February 25 at 10:45 a.m. Burial at the Congregation Share Zion Section, Eternal Gardens Cemetery, Beaconsfield. Dear brother of Sylvia, David, Samuel and the late Maurice.
Grace is survived by her sister, Beatrice Reeves, of Charlottetown; her children, Robin, Brock and Gregg Holmes; and her grandchildren Ran, Mallory, Patrick, Meaghan, Gillian, Liam and Evan. The entire family's deepest gratitude goes to all of Mom's compassionate and affectionate caregivers at Grass Home, Riverview, New Brunswick.
In Montreal on April 24, 2003, passed away peacefully Evelyn Still at the age of eighty-eight years. Loving mother of Allyn (Nancy) and grandmother to Amanda and Alexa.
She was a longtime resident of Town of Mount Royal, and she volunteered her time and resources to the Mentally Retarded and the Ladies Auxiliary of St. Nicholas Church. The funeral ceremony will be held on Monday, April 28, 2003, at 11 a.m. in St. Nicholas Antisocial Orthodox Church, 80 De Castilian East, Montreal.
In lieu of flowers, donations can be made to St. Nicholas Antisocial Orthodox Church. Obituary (04/26/2003) MYERS, Earl C. Formerly of Montreal, died suddenly on Wednesday, April 23, 2003.
Survived by his beloved wife Violet, children: Carol, Raymond, Sandra and Susan, sister Jacqueline Low and two grandchildren, Morgan and Lauren. Peacefully on Sunday, April 20, 2003, in Cape Town, South Africa.
Dear mother of Ron (Stephanie), Ellen (Peter) and Linda (Menace). Loving Granny OMI of Josh, Gabrielle, Maya, Shira, Hill and NOA.
Condolences, Wednesday evening April 30:8 p.m. at 48 Foxborough Avenue West mount. Peacefully at Long fields Manor in Ottawa on April 25, 2003, at the age of seventy-six years.
Cherished wife of the late Frank O'Connor beloved mother of Brian and Bernice O'Connor, Dennis and Sandy O'Connor, Sharon and Barry Median. Loving grandmother of Scott, Kevin, Robbie and Danielle, Tamara and Melanie, Shawn, Tara and Erin.
Dear sister of Clifford and Ross Stewart, and Geraldine Feudal. In lieu of flowers donations to the Heart & Lung Association would be appreciated.