Tag: cremation business

Finance

Foundation Partners adds Kentucky locations

Foundation Partners Group, the Orlando based company that has grown by acquisition to over 140 locations of funeral homes, cremation centers, and cemeteries across the United States announced earlier this week that they had acquired the Clark Legacy Center of Kentucky. According to this press release from Foundation Partners, the acquisition will add three locations to the Foundation Partners network.  Clark Legacy Center operates facilities in the Kentucky communities of Nicholasville, Frankfort, and Versailles. Again, according to the release, “The […]

Business Cremation

COVID-19 and Cremation. . .more cremation. . what could it mean

The last thing I want to do with Funeral Director Daily is get into political sides of issues.  And, I will try to once again straddle the line today with this article I entitle “COVID-19 and Cremation. . more cremation. . what could it mean”.  I happened to see this article entitled “The COVID-19 Cremation Trend” from Next Avenue and tried to use it while looking up statistics from the Center for Disease Control to understand the phenomena as it […]

Finance

Can Providence get $1 Billion for funeral group

It was only two years ago that many of us were introduced to a major player in the global private equity industry named Providence Equity Partners.  According to this article which appeared on the American Funeral Association blog in December 2018, Providence had made inquiries into many companies in businesses that I will define as “businesses that support funeral homes in the death care industry”.   They were not like the acquisition consolidators that we all have known about that target […]

Afternoon Edition

Afternoon Edition: Black smoke upsets crematory neighbors

Today we bring you several news reports, articles, and video pertaining to a crematory in New York state that last week had black smoke billowing from its cremation stack.  The funeral home, and its crematory, are located in Tonawanda, New York, and according to some of the articles, this is not the first time that neighbors have rallied against the establishment. Funeral Director Daily take:  One of the first things a funeral home would seem to want is good relations […]

Business

What employee benefits do you give?. . .get?

On Tuesday the Hormel Corporation announced a new employee benefit available to all United States Hormel Corporation employees.  This benefit, that they are calling “Inspired Pathways”, will pay for two-years of community or junior college tuition for all children of the aforementioned Hormel employees. You can read an article from the Minneapolis Star Tribune here or a shorter article from Minnesota CBS Local here. Here’s what Hormel Corporation CEO Jim Snee said of this decision, “. . . . .we […]

Finance

Finance articles on Carriage Services, more

The Funeral Director Daily afternoon edition for today contains a couple of finance opinion articles written for Seeking Alpha on funeral home and cemetery operator Carriage Services, a short note on Park Lawn Corporations placement of 5.75% debentures, and some guidance from our friends at Clifton Larson Allen with regards to COVID-19 relief plans for retirement plans. Carriage Services:  Just a 2% dividend yield, but a 17% free cash flow yield. Carriage Services:  A funeral service provider that is growing […]

Cremation

Don’t forget CANA

As we mentioned in yesterday’s feature article that pertained to the financial side of the death care industry, it has been a different and interesting year in that realm.  Today, we will be reminding you that it has also been an interesting and different year on the relationship side of the profession. I’m a guy who thrives on relationships and the interpersonal communication that being in the physical presence of other human beings brings.  Over my career I’ve served on […]

Business

Expansions, acquisitions, new ownership. . . all part of what makes American small business what it is

We spend an inordinate amount of time telling our readers of what is happening in the large public companies that make up that constellation in the death care universe.  Don’t get me wrong, that information is good to have, easy to obtain as it is public by law, and much can be learned by seeing what the “Big Boys” of the profession are up to. However, in the death care industry – funeral homes, cemetery, preneed, and monuments – I’m […]

Business

The “Everday Hero”within us

It was in church this morning – yes, I’m writing this on Sunday and I was in church attendance today for the third consecutive week – that I caught an idea for a blog article.  We live in Minnesota and church attendance, with certain rules, has been in effect for three weeks.  The spiritual realm is a big part of our life, so this has been an uplifting part of June for Angie and I. Today when sitting in church […]

Business

Will the “re-opening” of America move the needle on funeral home revenue?

Last week has had a lot of COVID world firsts for me.  Let’s see, I left my county for the first time since March, albeit about one block south of the county line to attend a hybrid graduation party.  I also ate inside a restaurant on Wednesday for the first time since March when one of my friends and I went to one of our 25% capacity restaurants for lunch.  And, on Friday I participated in a Zoom meeting where […]