Finance
Matthews International, the parent company of Aurora Caskets and Matthews Cremation products reported their 1st Quarter 2022 financial results last week. It should be noted that Matthews fiscal year begins in October so these results are for the October thru December 2021 period. Of interest to us at Funeral Director Daily are the results of…
Read More
Security National Financial Corporation (SNFC), parent company of Utah-based Memorial Mortuaries announced in two separate press releases the acquisition of two funeral service companies, one of which also operates a large cemetery in addition to their four funeral locations. In this press release you can read of the acquisition of Salt Lake City provider Holbrook…
Read More
If you had any money in the stock market during 2021 it would have been hard not to grow your investment cache. During the 2021 calendar year the three indices most commonly referred to as a bellwether of the markets, the Dow Jones Industrial Average, the Nasdaq, and the S & P 500 were up…
Read More
According to this article from Business Wire online retailer Titan Casket grew its revenues by 400% in 2021. The company also disclosed that November 2021 was its “largest month ever”. Titan was started in 2016 and allows consumers to purchase their caskets directly online for shipment to the funeral home of their choice. Titan Casket…
Read More
Arkansas Business announced in their publication in early January the acquisition of two funeral home locations by Smith Family Funeral Homes of North Little Rock. You can see that article here. Smith Family Funeral Homes acquired the Davis-Smith Funeral Homes located in Hot Springs and Glenwood, Arkansas. The addition of these two properties brings the number…
Read More
In a transaction announced last week but completed on December 27, 2021, according to this press release, Wilbert has merged operations with Memorial Monuments & Vaults (MMV) headquartered in Meridian, Idaho. According to the press release, MMV has 19 locations in the western part of the United States and provides monuments and related funeral services…
Read More
In this press release from last week, Foundation Partners Group (FPG) announced a new acquisition and also gave some indication of its growth over the past couple of years. Foundation Partners Group is the privately owned death care consolidator based in Orlando, Florida, that appears to set its acquisition sights on cremation heavy firms. FPG…
Read More
So, we are one week into the new year of 2022. There are a few things that have been predicted since the new Presidential administration came into office last January, especially after the inflationary times that started last Spring. One of the the predicted things we heard about was that a new administration may eventually…
Read More
A high number of Baby Boomers in ownership roles, the un-planned last two years of Covid-related operations, the thought of an increase in capital gains taxes. . . . . .those are all valid reasons that have many owners of funeral homes thinking of getting out of the ownership realm.. At the beginning of 2021…
Read More
This press release from Frisco, Texas, based Anthem Partners will let you know that the privately-held operator of cemeteries and funeral homes has expanded into Canada with the addition of the Speers Group of Companies. According to the press release, the Speers Group consists of funeral homes and memorial gardens located in the provinces of…
Read More
