Finance
Funeral service company Service Corporation International (SCI), the largest owner of funeral homes in North America announced their 4th Quarter 2021 and 2021 Year-end results earlier this week. You can see a press release of the entire announcement here. Here’s how SCI’s CEO Thomas Ryan summed up the 4th Quarter of 2021 for the company,…
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We expected 2022 to be a year of mergers and acquisitions in the funeral home business. However, we are also quickly learning that the marriages of companies will not be confined to those in the funeral home business, but in death care suppliers as well. Last month we reported on Wilbert’s acquisition of Memorial Monument…
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Hillenbrand Industries, parent company of Batesville Casket, reported their Fiscal Year 2022 1st Quarter last week. The First Quarter of their fiscal year represents the months of October, November, and December 2021. You can read the entire report on the company’s 1Q 2022 here. While Hillenbrand Industries is a conglomerate of companies, they still…
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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…
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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 MoreIf 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…
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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…
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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…
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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…
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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…
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