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Earlier this week according to this press release the Institutional Shareholder Services (ISS) recommended that shareholders of StoneMor vote “FOR” the pending transaction with a subsidiary of Axar Capital Management LP. That vote, which would take StoneMor to a private company status, is scheduled for a special stockholders meeting on November 1, 2022. Among other…
Just yesterday we learned that Park Lawn Corporation announced the acquisition of the assets of Muehlebach Funeral Care, Skradski-Pierce Funeral Home, and Assurance Cremation Society. All are located in Kansas City, Missouri. The acquisition of the three firms will add approximately 627 calls and $616,000 in adjusted EBITDA annually to Park Lawn Corporation’s financial…
I’m penning this article on Wednesday, one day before it is published while I have the memories of the National Funeral Directors Association International Expo fresh in my memory. I spent Saturday through Tuesday afternoon at the convention in Baltimore, Maryland, leaving Tuesday evening and arriving home late on that same evening. In today’s edition…
There is no doubt that the establishment of the company Pure Cremation (company website here) and its business of what they call “no-fuss” direct cremation is making an impact on the death care business in Great Britain. Launched in 2015 as a low-cost provider of cremation services, the company is changing how some death care…
According to this press release from Foundation Partners Group, the acquisition of Krause Funeral Homes & Cremation Services of Milwaukee, Wisconsin, will allow Foundation Partners Group (FPG) to become the largest funeral service provider in Wisconsin. Mark Krause, president of Krause Funeral Homes & Cremation Service, Inc. has agreed to sell his firm to the…
We learned last week that Park Lawn Corporation, the publicly traded funeral home and cemetery company, added three firms located in Colorado to its group of locations. In this press release you can learn about the acquisition of Ertel Funeral Home and Crematory, Taylor Funeral Home, and Brown’s Cremation and Funeral Service. Park Lawn Corporation…
It’s been a long time since I’ve attended a National Funeral Directors Association national convention. But, tomorrow I’m heading off to Baltimore, Maryland, for the 2022 edition of the NFDA convention. I did not attend the NFDA Annual Convention during my funeral directing years very often. I’ve always enjoyed the ones that I’ve went to…
Last week a jury in Maine deliberated and found a verdict against a Lewistown, Maine, funeral home and its owner. Here’s what the website CentralMaine.com said of the deliberations, “A jury awarded Marielle Bischoff-Wurstle, 34, of Falmouth, $5.5 million Friday as compensation for significant emotional damage suffered because her father’s body was left to decompose…
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…
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…
