Finance
It was announced last week that Orlando based funeral and cemetery operating company Foundation Partners Group had acquired All-States Cremation and its three associated businesses in the state of Colorado. The acquisition marks Foundation Partners entrance into the rapidly changing Colorado market. You can read more about the transaction from this press release. All-States Cremation,…
Read MoreIf you follow the death care industry you would know that it is no secret that the long-term viability of StoneMor Partners has been in question. Since 2016 their publicly traded stock has dropped from over $25 per share to a low last week of $1.44 per share. In 2017 and 2018 alone the company…
Read MoreCanadian funeral home and cemetery consolidator Park Lawn Corporation announced yesterday that they had made an acquisition in Houston, Texas. According to a company release that you can read here, Park Lawn acquired Integrity Funeral Care of Houston for a non-published price. Park Lawn’s United States headquarters is based in Houston and the press release…
Read MoreFinancial writer Benen Ling published on Seeking Alpha an article on the United States public funeral home and cemetery companies last week. He titled his article, “These Death stocks are barely clinging to life”. You can read the article here. Ling writes a good article and makes some great points about our profession and the…
Read MoreLast week a short article was written and published by the business channel CNBC on the merits of investing in death care company Service Corporation International. You can read that article here. The article states that in the majority of the last economic downturns that Service Corporation has fared better than most stocks due to…
Read MoreA couple of weeks ago (byline May 17) financial writers Kate Duguid and Jessica DiNapoli wrote a piece that was picked up by Reuters that you can read here. The article concerns the financial wherewithal of United States funeral home and cemetery operator StoneMor Partners LP. From our point of view, it is a very…
Read MoreIt was announced on Friday in this article that the Shaw & Sons Funeral Home of Yakima Valley, Washington, was under the ownership of Jamin and Kara Mohler. According to Jamin Mohler who stated, “Shaw & Sons has once again become a family-owned, local, neighbor-serving-neighbor funeral home”. The funeral home was started in 1899, and…
Read MoreSecurity National Financial Corporation, the Utah based financial and death care company showed a total company decrease in revenue for the 2019 1st Quarter as compared to the same quarter in 2018. You can see their 1st Quarter report here which was made public on May 16. However, even as the company experienced a decrease…
Read MoreEarlier in May both of America’s leading casket companies reported their 2019 fiscal year 2nd quarter financials. Those companies, Hillenbrand, which is the parent company of Batesville Casket Company, and Matthews International, which is the parent company of Aurora Casket Company, reported declining sales of caskets. You can see Hillenbrand’s 2Q report here and you…
Read MoreIt will come as no secret to anybody that Canadian funeral home and cemetery operator Park Lawn Corporation increased their revenue in the First Quarter of 2019 over that of the same period in 2018. Due to the number, size, and scope of their acquisition activity it was not a matter of increasing revenue, it…
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