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As to the possible takeover of Australia’s largest death care provider, InvoCare, by United States private equity company TPG Global, The Australian Financial Review reported this on Thursday, July 20, 2023: “After a bit of back and forth, InvoCare and TPG signed an agreement on May 15 at a $13 per…
It’s estimated that about 85% of North America’s funeral businesses are still family owned. However, that number seems to be headed downward as the large national and regional consolidators seemingly accelerate their purchases of these family funeral homes when they come to market. I think that increased rate of consolidation is…
I had an incident in church on Sunday that both the party I was involved with and myself laughed about at the time. However, when I returned home I thought about the situation and wondered to myself, “Is it just me in this stage of life or is humanity, in general, losing…
Most of us in the Death Care business recognize Matthews International as a trusted supplier in the monument, cemetery, cremation, and casket business. However, this recent article from the Pittsburgh Post-Gazette gives us some insight into what has been fueling the company’s rise in stock price and potential future growth prospects.…
One of Funeral Director Daily’s sponsors, the Cremation Association of North America (CANA), will again be helping to host the Peer Support Network online meeting tomorrow night, July 18, at 8 pm Eastern, 7 pm Central time. Here’s what CANA says about this month’s meeting in a recent press release on…
The following quote came out of a National Funeral Directors Association (NFDA) e-mail on June 26, 2023, that announced the introduction of the “Consensual Donation and Research Integrity Act” bill into Congress, “In almost every state, it is legal for anyone, even if they do not have training, to sell the human remains…
If you have been a funeral director for any length of time the odds are that you have served a family of a suicide death at some point. I served several over my years as a funeral director and those times were very difficult and stressful for me. And, I had somewhat…
Americans are taking a loan, early withdrawal, or hardship withdrawal from their retirement plans at record rates according to this article from Yahoo Finance. And, one of the top reasons why, according to the survey, is to pay for a funeral. According to the survey released by by the non-profit Transamerica…
This article from the Australian Financial Review states that, even as the due diligence period is being extended for giant private equity firm TPG Global in their pursuit of Australia’s largest Death Care company, InvoCare, it is purported that TPG’s offer is more than 14 times the forward forecast EBITDA for InvoCare.…
