Finance
Earlier this week Foundation Partners Group (FPG) announced that they have increased their location count to 12 in the state of Colorado by purchasing the entities affiliated with Seitz Funeral Services. In the press release which you can read here, Foundation Partners Group announced that the Seitz Funeral Services group includes Adamson Life Celebration Home,…
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“One flat price. $895. No Surprises.” That’s how direct cremation provider Solace describes themselves on their web-site. And now, according to this article in Geekwire, they have some cash behind them to spread that narrative about their company. Geekwire mentioned earlier this month that Solace has closed an oversubscribed funding round of $1.745 million with…
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Only about ten days removed from announcing the acquisition of a funeral home in northeast Minnesota, Foundation Partners Group made another announcement at the end of last week. The press release goes on to say that Foundation Partners Group, the private equity backed funeral home and cemetery consolidator and operator, has reached an agreement to…
Read MoreAs of last Friday, June 4, we were over five months into the 2021 calendar year. Funeral Director Daily decided it was time to take a look at where the Death Care stocks were in relation to the stock market indices up to that day. What we found out is that the stocks of companies…
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It was announced last week in this press release that Orlando, Florida based Foundation Partners Group has acquired the Atkins-Northland Funeral Home & Cremation Service located in Cloquet, Minnesota. According to the press release, this addition brings the Foundation Partner Group count in Minnesota to six locations. Again, according to the release, the acquired funeral…
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I’m a fan of Warren Buffett and his company, Berkshire Hathaway. Matter of fact, I enjoy reading his annual shareholder letter because it just doesn’t tell how his businesses are doing, it explains to the reader why he is in those businesses and how he makes money for his shareholders. Back in 1936 a gentleman…
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My own historical family businesses are a perfect example of the evolution of a business to fit the consumer and stay relevant. Back in 1872 my great-grandfather arrived in the New World with a skill as a cabinet maker. He set up shop and when people died family members approached him about building a coffin…
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Security National Financial Corporation (SNFC) continues to reel in the revenue in each of their three divisions according to this press release from mid-May containing their 1st Quarter 2020 results. The Utah based company conducts business in the death care field both in the financial services realm and the funeral and cemetery services realm. In…
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StoneMor, Inc. released its 1st Quarter financial results on May 13 and with it announced that they had completed their private offering of $400 million in Senior Notes. There seems to be no doubt that the refinancing and operational results reported in the May 13 report have lifted the spirits of the company. Here’s what…
Read MorePark Lawn’s CEO Brad Green comments on the labor market, acquisitions, preneed, and revenue per case
Park Lawn Corporation (PLC), the Toronto based funeral home and cemetery operator released First Quarter 2021 results last week. As expected the results were very strong as deaths from the pandemic in those months, especially January, continued to be high. Park Lawn Corporation’s net revenue grew about 26% to over $89 million for the quarter.…
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