Tag: Service Corporation International

It’s about demographics
Business

It’s about demographics

In the last couple of years it seems that we have seen no slow down in the marketplace for the acquisition of large family owned metropolitan death care businesses by the public company, venture backed, or equity partner backed large scale operators in the business.  You need think no farther back then last weeks announcement of the acquisition of Fairfax Memorial Park and Funeral Home in the Greater Washington, DC market or of the competition to purchase operations like Horan […]

Carriage Services acquisitions, hiring. . and other news
Finance

Carriage Services acquisitions, hiring. . and other news

Last week public funeral home operating company Carriage Services was really in the news.  They not only announced the acquisitions of the Fairfax Memorial Park and Funeral Home in the Washington, DC area, but they announced the purchase from StoneMor Partners of the funeral home/cemetery combination facility Oakmont Memorial Funeral Home and Cemetery in Northern California They also announced the addition of a new President/COO to their corporate family as well. StoneMor Partner’s press release mentioned the price of the […]

Foundation Partners adds locations
Finance

Foundation Partners adds locations

In a press release issued last week Foundation Partners Group announced that it had purchased a group of funeral and cremation operations.  The group consists of three business, that were owned by one party,  known as Advent Funeral and Cremation Services with locations in Falls Church, Virginia, and Lanham, Maryland.  Also included in the purchase was Rapp Funeral Service in Sliver Spring, Maryland, and Chesapeake Crematory in Beltsville, Maryland. You can access the Foundation Partners press release here. According to […]

Carriage makes big acquisition, announces new President/COO
Finance

Carriage makes big acquisition, announces new President/COO

Carriage Services, the Houston based funeral home and cemetery operator made a big announcement after business hours on Monday.  The company issued a press release which highlighted not only the acquisition of, what they say in the release is the largest by a combined revenue definition, acquisition in their 28-year history, but also announced personnel additions as well. In the release which you can read here, Carriage Services announced the acquisition of the Fairfax Memorial Park and Funeral Home in […]

Neptune Society sued by State of California
Regulations

Neptune Society sued by State of California

In news that broke after business hours on Monday, it was reported in this article from Oakland that California Attorney General Xavier Becerra and three Bay area district attorneys filed a lawsuit against the Neptune Society and Trident Society for misleading customers about the protection of money paid in advance for cremation. Both companies are part of Service Corporation International, the Houston based death services conglomerate. According to the article, the lawsuit claims that “the Service Corporation International subsidiaries deceive […]

Indiana funeral home increases community involvement
Business

Indiana funeral home increases community involvement

According to this article in the Kokomo (Indiana) Perspective, the Ellers Mortuary and Cremation Center was acquired by Service Corporation International in 2016.  Some feared that the acquisition would cause the Kokomo business, that had been in business since 1924, to lose its personal touch. However, according to General Manager Jaime Handy, “the acquisition has actually strengthened the company’s ties to the community”.  The funeral home has actually expanded the services it can offer to the community. Ellers Mortuary and […]

StoneMor Partners reports 3rd Quarter
Finance

StoneMor Partners reports 3rd Quarter

StoneMor Partners L.P. reported their 3rd Quarter and 9-month 2019 numbers last week and with it showed significant progress in their attempt at a transformational turnaround of the company.  In brief, StoneMor reported that revenues are stabilizing, that they are cutting recurring expenses, and that they have made progress on a divestiture process that will, more than likely, make their company smaller and more focused. You can see a copy of the report here. From the operations side of the […]

From the Veterans Day file
Business Cemetery Preneed

From the Veterans Day file

Yesterday was Veteran’s Day across the United States and we noticed a couple of funeral related items that we thought we would pass on to our readers. First of all, we noticed how Service Corporation International’ s Dignity Memorial location in Western Michigan received some really good attention on a television talk show about pre-planning options for veterans.  You can see the video here.  This is great publicity and public information. We just think it is great marketing by the […]

Annual budgeting. . .bringing in the revenue
Business

Annual budgeting. . .bringing in the revenue

Yesterday we started the talk of annual budgeting for a funeral home by looking at what are the expectations for overhead, profit, and a savings plan in that budget.  You can see yesterday’s article here.  Today, we will try to explain how we set the revenue parameters to make sure that we have a great chance to cover that budget — even if we under perform on the number of services we will do. To understand how I set our […]

It’s November. . . have you set your budget for the new year
Business

It’s November. . . have you set your budget for the new year

I live in Minnesota and every year when the calendar turned over into November I had two thoughts. . . Five months of winter ahead and time to make sure the income and expense budget for the funeral home is set up for the new year ahead. I operated a funeral home that over time had a volume of slightly over 300 calls per year.  From 1980 when I started until 2013 when I sold the majority of the business […]