Stewart Enterprises, Inc., a provider of funeral and cemetery services, was founded in 1910 and grew to be the second-largest company of its kind in the United States before it was acquired in 2013.[1]
As of 1991, the year it went public, the company was headquartered in Jefferson, Louisiana, and employed nearly 5,400 people in 218 funeral homes and 140 cemeteries in 24 states and Puerto Rico.[2] The company was publicly traded and listed on NASDAQ under the ticker symbol STEI.
In December 2013, Service Corporation International acquired Stewart Enterprises for US$1.4 billion.
History
Stewart Enterprises was founded in New Orleans in 1910 by Albert Stewart, owner of the Acme Realty Company, when his real estate business acquired the three St. Vincent de Paul Cemeteries and the St. Vincent de Paul Marble Shop, a company that built monuments for the cemeteries.[3]