Funeral Director Daily

StoneMor increases revenue in 2021, starts making acquisitions in 2022

By Funeral Director Daily / April 4, 2022 /

StoneMor Inc. has been on a journey of what they term “Transformation” for the past few years.  That road has followed management changes, sales philosophy changes, property changes, work relation chnages(employees to contracted services in some instances), funeral home divestments, and now seems to be on the final stage of strategy. . . what appears…

Reclaiming Your Identity

By Funeral Director Daily / April 1, 2022 /

Last week I was sent an offering to download the Passare short 26-page ebook entitled “The New Funeral Consumer”.  In general, the ebook is based on observations and answers from what Passare says “is (probably) the largest independent funeral study that has ever been conducted.  Interviews were conducted with over 3,000 individuals and each were…

Park Lawn adds Mississippi operations

By Funeral Director Daily / March 31, 2022 /

A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation.  The press release also states…

This might be the best time in a generation to be selling Preneed

By Funeral Director Daily / March 31, 2022 /

I enjoy learning and then finding solutions to problems.  It’s something I’ve done since I was a child — find out the facts of the situation and then solve the problem.  To that end, I continue to read four business newsletters per day. . . I simply enjoy what I learn from them and then…

Dignity plc moves from loss to profit despite lower revenues

By Funeral Director Daily / March 30, 2022 /

Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million.  This positive swing was accomplished despite Revenue dropping about 1%…

Minnesota’s Wright Funeral Home finds new guardians after 141 years

By Funeral Director Daily / March 29, 2022 /

Steve Wright, 4th generation funeral director, recently announced that the Wright Funeral Home in Moorhead, Minnesota, had been sold to longtime employee funeral directors and brothers Adam and Bailey Nordin. The Wright Funeral Home dates back to 1881 and has grown and served the greater Moorhead-Fargo community for 141 years.  Steve Wright assumed full control…

Building your brand for Lifetime Value

By Funeral Director Daily / March 28, 2022 /

I love business and the challenge of building a business.  To me it is very much like a jig-saw puzzle. . . . you have to work with the pieces you have and continue to move them around until they, like a jig-saw puzzle, fit together and make everything work. I served on the Board…

One of our finest dies

By Funeral Director Daily / March 25, 2022 /

Worcester, Massachusetts, funeral director Peter Stefan, age 85 died this week.  Stefan made a name for himself, not as a businessman, but as a man and funeral director, of compassion.  Even in a profession which exudes compassion among its workers, Stefan stood out to his peers. Stephen Teasdale, the Executive Director of Worcester’s Main South…

Preneed company and Live Oak Bank announce partnership

By Funeral Director Daily / March 24, 2022 /

American Enterprise Group (AEG), parent company of preneed insurer Great Western Insurance Company (GWIC) and innovative financial lender Live Oak Bank have announced a partnership that will make it possible for funeral home and cemetery business owners to access up to $20 million in capital.  A recent press release on the strategic partnership announced that…

Tidbits from my desk. . . including news you can use

By Funeral Director Daily / March 23, 2022 /

As Funeral Director Daily becomes a more popular medium read by more and more death care insiders, I also receive more and more news from funeral home and cemetery interests.  It becomes impossible, in a one-topic per day blog, to feature each and every bit of information I receive.  So, in an effort to get…