Funeral Director Daily
Security National Financial Corporation of Utah, a public company that has operations in both the mortuary and insurance businesses reported financial numbers for their 3rd Quarter of 2019 recently. You can read their press release on that information here. 3rd Quarter Life Insurance revenues are up slightly to $29.8 million in 2019 from $28.9 million…
David Murphy is not only a funeral director but he is well on his way to becoming the owner of a successful manufacturing business. Murphy, a funeral director at the Newark, New York, family firm, Paul L. Murphy & Son Funeral Home recently was awarded $40,000 as the First Place recipient of the Wayne County…
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…
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…
We came across this article in the Scotsman that you can read here. It is an interview with Tim Purves who is the Chairman of William Purves Funeral Directors of Scotland. Mr. Purves is the 5th generation family funeral director of the company which was started in 1888 by a craftsman and cabinet maker. The…
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…
We received a couple of articles out of Springfield, Illinois, today concerning a southern Illinois funeral director who has been sentenced to prison for his role in failing to deposit payments for preneed funeral services. You can read about the case in these articles from WGN Web and from KFVS 12. According to the articles,…
It’s been a few years since I’ve actively managed our funeral home, but this recent article from the Minneapolis Star Tribune brought me back to one of the issues that I dealt with in the hiring of employees. That was the issue of non-compete agreements or covenants not to compete. Non-competes have historically been used…
