Funeral Director Daily
It’s not surprising to see why in a world of 73 million baby boomers and a large group of funeral home owners planning to retire in the next five years that private equity businesses see an opportunity in Death Care, specifically in owning funeral homes. This article from Fortune entitled “Death is anything but a…
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Tom Kominsky, Chief Financial Officer at death care consolidator and operator Foundation Partners Group made this comment last week, “2022 marks a record year for deal velocity as more and more funeral business owners are choosing Foundation Partners Group as their partner of choice“. That statement came in this press release from Foundation Partners Group…
Read MoreLast Friday’s calendar marked the end of the 3rd quarter of 2022 and with it the end of a quarter, and fiscal year for some, of the Funeral Director Daily Death Care Index (DCI) companies. It won’t be long and we will be hearing the financial reports from each of these companies and how they …
Read MoreAs long as I’ve written this blog I’ve predicted that death care – that is dispositions for the dead human body – will eventually become increasingly a collection of “niche” businesses. That is, compared to what we have gotten used to seeing. . .a funeral home that takes care of your every need in the…
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A recent article published by Seeking Alpha indicates that the “Go Shop” period for StoneMor Inc., following the announcement of a potential going private sale to Axar Capital, is over. In the article the authors mention, “StonMor has been able to solicit other offers, which might not necessarily be take privates. The go-shop period is…
Read MoreThe Tuesday article of Funeral Director Daily entitled “We Live in a Different World” and dealing with the idea that much of death care, including how we acquire and retain our customers through marketing had barely published when I saw a presentation about some “old school” ideas that are trending back in the hopes of…
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Malibu, California was incorporated into a city in 1991 and that led to a moratorium on new development that included, among other things, hotels. So, Malibu has famously become known as a very tough place to get a hotel room. Back in 2015, however, a group known as Green Acres, LLC, began a push to…
Read MoreRecently Apple was named the sponsor of this year’s Super Bowl halftime show. They will be replacing Pepsi, who has been the sponsor for several years. It occurred to me, and it was not surprising, that this is the business of new “information technology” replacing the old standardized American “product innovation, manufacturing, distribution” business of…
Read MoreI have a son that works in the automotive industry and we’ve discussed their lines of revenue quite often. For instance the average dealership has about six primary lines of revenue – new car sales, used car sales, the service or repair center, a collision repair center, a leasing center, and a financing center. At…
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Last week the Valkyrie Trading Society wrote an article for Seeking Alpha entitled “Service Corporation International: Feeling minimal pressures”. You can access the article here. Here are three take-aways from that article: The themes are that COVID-19 pulled forward mortality, making 2020 and 2021 strong years for Service Corporation International. There is also commentary around…
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