Another private equity purchase on the horizon?
There is a lot happening in the Death Care world. . . especially when it comes to Death Care businesses changing hands. We recently learned that Funeral Partners, one of Great Britain’s largest Death Care providers with approximately 280 locations across the country may be up for sale. And, it may be a prominent private equity company, who once had a holding in Death Care that may be interested.
This article from Sky News indicates that Funeral Partners “is in detailed talks” with private equity company Duke Street and indicates that a sale price could be “worth close to US$ 267 million”.
The article points out that Funeral Partners does close to 20,000 cases annually and that Duke Street once was an owner of Laurel Funerals.
Here is the website for Duke Street.
Funeral Director Daily take: It is interesting to note that private equity firm Montagu is the current owner of Funeral Partners. Here is their website with information on their Funeral Partners holding which they apparently have owned since 2016.
It is interesting to realize that what I believe are the four largest Death Care operators in Great Britain are either part of a corporate conglomerate with holdings outside of Death Care or owned by private equity companies.
- Pure Cremation — Epiris Private Equity
- Co-op Funeralcare — part of the Co-operative Group.
- Dignity Memorial — owned, at least in part by Castelnau Group
- Funeral Partners — owned at least in part by Montagu
More news from the world of Death Care:
- Matthews International prevails in Federal Court Ruling affirming arbitration award against Tesla. Global NewsWire
- Morgan & Nay honored with NFDA “Best of the Best” Award. Madison Courier (IN)
- Medina’s Spring Grove Cemetery tour reveals 28 years of restoration work. Cleveland.com (OH)
- “Dignified” water cremation bill passes the House. The Bradford Era (PA)
Enter your e-mail below to join the 3,201 others who receive Funeral Director Daily articles daily
“A servant’s attitude guided by Christ leads to a significant life”