VINEYARD FINANCING, LLC PROVIDES FINANCING FOR SIX LOCATION PURCHASE FROM THE ALDERWOODS GROUP


On August 12, Vineyard Financing provided 100% of the financing necessary to purchase six funeral home and cemetery locations from The Alderwoods Group. Because of an "all or none" mandate by Alderwoods, the closing had to occur simultaneously with just one buyer. The locations were initially purchased from Alderwoods and then distributed to final owners.

Greg Rollings and Southern Funeral Associates acted as the lead buyer, purchasing all the businesses and then distributing businesses out to individual owners.

Final Buyers are as follows:
Poteet Funeral Home
Peach-Orchard Chapel
Augusta, Georgia
Buyer: Greg Rollings

Poteet Funeral Home
Wheeler Road Chapel
Augusta, Georgia
Buyer: Greg Rollings

Bulloch Memorial Gardens
Statesboro, Georgia
Buyer: Tracey Joiner and Mark Anderson

Eastbrook Cemetery
Swainsboro, Georgia
Buyer: Tracey Joiner and Mark Anderson

Rolling Hills Memorial Gardens
Acworth, Georgia
Buyer: Clift Dempsey

Edo Miller Funeral Home - Camden Chapel
Kingsland, Georgia
Buyer: Jeff Hatcher

The NewBridge Group acted as advisor to the Buyers in the transaction.