Stock Markets May 27, 2026 05:17 PM

Carriage Services Expands Into Greater Knoxville with Maryville Acquisition

Shares tick up after purchase of century-old McCammon Ammons Click funeral home; financial terms not disclosed

By Marcus Reed CSV

Carriage Services Inc. said it has acquired substantially all assets of McCammon Ammons Click Funeral Home in Maryville, Tennessee, marking the company's first move into the Greater Knoxville market. The acquisition, whose terms were not disclosed, was followed by a roughly 3% gain in Carriage Services stock in after-hours trading. Company executives said the deal fits the company's targeted growth strategy while expanding its footprint in Tennessee.

Carriage Services Expands Into Greater Knoxville with Maryville Acquisition
CSV

Key Points

  • Carriage Services purchased substantially all assets of McCammon Ammons Click Funeral Home in Maryville, Tennessee, marking entry into the Greater Knoxville market.
  • The company did not disclose financial terms of the acquisition.
  • Carriage Services operates 155 funeral homes across 24 states and 28 cemeteries in 9 states as of May 27, 2026; the stock rose about 3% in after-hours trading after the announcement.

Carriage Services Inc. reported that it has purchased substantially all assets of McCammon Ammons Click Funeral Home, a long-established provider based in Maryville, Tennessee. The transaction brings Carriage Services into the Greater Knoxville market for the first time. Company officials did not disclose the financial terms of the deal.

Shares of Carriage Services (NYSE:CSV) rose approximately 3% in after-hours trading following the announcement.

McCammon Ammons Click has operated in the Greater Knoxville area for more than 100 years, serving local families and the surrounding community. The acquisition is presented by Carriage Services as consistent with the company’s emphasis on purposeful growth and geographic expansion within Tennessee.

Management comment

Steve Metzger, President and Chief Operating Officer of Carriage Services, said the purchase aligns with the company’s strategic focus on purposeful growth and expands its presence across the state. No additional commentary or detail on integration plans was provided in the announcement.

Company footprint

As of May 27, 2026, Carriage Services operates 155 funeral homes across 24 states and maintains 28 cemeteries in 9 states. The company offers funeral and cemetery services along with related merchandise throughout the United States.

Market and transactional details

The acquisition adds a locally recognized funeral home to Carriage Services’ portfolio but leaves several specifics unreported in the public release, including purchase price, expected timeline for integration, and any operational changes planned for the Maryville location. The announcement did not specify whether the existing staff or management at McCammon Ammons Click will remain in place following the transfer of assets.

Investors reacted positively in extended trading, reflecting a short-term market response to the company’s expansion into a new metropolitan area. Beyond the immediate stock movement, the company’s broader footprint and service offerings remain as previously reported.


Summary of facts

  • Carriage Services acquired substantially all assets of McCammon Ammons Click Funeral Home in Maryville, Tennessee.
  • Financial terms of the transaction were not disclosed.
  • Carriage Services reported operating 155 funeral homes in 24 states and 28 cemeteries in 9 states as of May 27, 2026.
  • Shares of Carriage Services increased about 3% in after-hours trading following the announcement.

Risks

  • Financial terms of the deal were not disclosed, leaving unclear the transaction's effect on Carriage Services’ balance sheet or cash flow - this could affect investors and credit-sensitive stakeholders.
  • The announcement provides limited detail on integration plans or staffing at the Maryville location, creating uncertainty around potential operational or transitional risks for the funeral and cemetery operations sector.
  • The acquisition represents entry into a new local market - outcomes related to market acceptance and competitive dynamics in Greater Knoxville are not specified in the announcement.

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