Tag: funeral home mergers

Random thoughts on retail sales, funeral home restrictions, revenues, and acquisitions
Business Finance

Random thoughts on retail sales, funeral home restrictions, revenues, and acquisitions

Where were you when you first realized that the coronavirus may be something serious and you changed your course of habits to manage your lifestyle more safely?  Angie and I were on a scheduled flight out of Honolulu returning to Minneapolis on February 1, the day after President Trump had instituted the flight ban from China.  I remember wiping our seats down with clean wipes. . .something I had never done before. So, we have now had a little over […]

StoneMor bucks the system
Finance

StoneMor bucks the system

Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios.  What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation. StoneMor, based out of Trevose, Pennsylvania, operates approximately 320 cemeteries and 88 funeral homes in 27 states and Puerto Rico.  It is no secret that […]

FDD keeps growing.  .requesting contributing articles
Products

FDD keeps growing. .requesting contributing articles

Thanks to our readers and a solid word of mouth presence in the death care profession, Funeral Director Daily continues to grow our readership.  As you can see from the chart below we continue to grow slow and sure among decision makers in the funeral, cemetery, and cremation world.  Thank you. We continue to show upward mobility in all categories including daily subscribers, Search Engine Optimization one time viewers, and total monthly views.  I continue to enjoy doing this as […]

Propel Funeral Partners growing market share
Finance

Propel Funeral Partners growing market share

This article from Yahoo Finance indicates that Australian and New Zealand public funeral operating company Propel Funeral Partners is growing market share.  According to the article it is growing both from acquisitions and an annual death rate increase in both countries. Here is an excerpt from that article: “In Propel’s FY19 investor presentation, the company drew attention to notable industry figures. With death volumes in Australia expected to increase by a rate of 2.4% p.a. until 2026 and 2.1% thereafter […]

New Year brings news of Foundation Partners adding to Tucson brands
Finance

New Year brings news of Foundation Partners adding to Tucson brands

In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the press release from FPG here. The press release states that the Adair Funeral Homes were founded in 1956 and at this time the third generation […]

StoneMor announces California combo sale
Finance

StoneMor announces California combo sale

We said almost two years ago that the best way for funeral home and cemetery operator StoneMor Partners L.P. to right their ship was to divest themselves of some properties and use the cash proceeds to pay down debt so that they can get to a position where they are operating in a financial positive manner. Yesterday they made an official announcement of what many of us expected to be coming.  StoneMor Partners L.P. announced the agreement to sell the […]

StoneMor keeps moving towards turnaround
Finance

StoneMor keeps moving towards turnaround

StoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company.  As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation.  You can read their press release here: In essence, here are some of their moves as they continue to execute their plan to bring the company back to business […]

Park Lawn reports 1Q 2019
Finance

Park Lawn reports 1Q 2019

It will come as no secret to anybody that Canadian funeral home and cemetery operator Park Lawn Corporation increased their revenue in the First Quarter of 2019 over that of the same period in 2018.  Due to the number, size, and scope of their acquisition activity it was not a matter of increasing revenue, it was a matter of how much. Park Lawn Corporation, in a press release that you can read here, announced that their 1Q revenues for 2019 […]

Park Lawn makes another splash
Finance

Park Lawn makes another splash

Toronto based funeral and cemetery services provider Park Lawn Corporation announced last week that they have entered into agreements to acquire the assets of Horan & McConaty Funeral Services and the assets of the Baue Funeral Home Company.  The press release and more information that you can read from Yahoo Finance here, indicate that the purchase price of the two operations will total approximately $101.5 million in U.S. funds. “The acquisitions of Horan and Baue are a unique and extremely […]

Funeral Service and Public Companies – Part 2 – Carriage Services
Finance

Funeral Service and Public Companies – Part 2 – Carriage Services

Carriage Services is a funeral home and cemetery acquisition company that, according to Reuters, operated 181 funeral homes in 29 states and operated 32 cemeteries in 11 states as of August 28,2018.  According to their own history from their web-site they were founded in 1991 and had their initial public offering (IPO) to become a public company in 1996.  You can see a map of their properties from the web-site here. I would like to begin and inform any reader, […]