Motif Investing is bullish in the funeral industry for two reasons: aging baby boomers will increase the demand for funerals and cremations between now and 2036; and 80% of funeral providers are private which provides room for consolidation.
Matthews International announced revenue for the first quarter of fiscal 2017 (3 months ended December 31, 2016). You can read the earnings release here and the Seeking Alpha earnings call transcript here. Funeral Director Daily will focus on the performance of the company’s memorialization segment which produces headstones, caskets and urns. Memorialization sales declined…
TREVOSE, Pa., Jan. 23, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that Sean P. McGrath resigned as Chief Financial Officer of StoneMor GP LLC (“StoneMor GP”), the general partner of the Partnership, to pursue business opportunities outside the deathcare industry. Mr. McGrath will remain in his current role…
TREVOSE, Pa., Jan. 03, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that on December 30, 2016, StoneMor GP Holdings LLC, the sole member and owner of the general partner of the Partnership, acquired 2,332,878 common units representing limited partner interests of the Partnership in a private placement for…
HOUSTON, Nov. 15, 2016 Carriage Services, Inc. (NYSE: CSV) is pleased to announce that we have partnered with Rich & Thompson Funeral Services in the Strategic Market of Raleigh/Durham/Greensboro in North Carolina. Dating back to 1913, the Rich & Thompson name has been a prominent name in funeral service in both Burlington, NC and Graham, NC.…
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BUSINESS
Bill introduced to raise Social Security Death Benefit
It’s been almost 100 years since Franklin D. Roosevelt signed the Social Security Bill into law in 1935. And, contrary to what most people believe, there was a “Lump Sum Death Benefit”…
Illinois funeral home owner says selling to friends “. . makes it easier to walk away from this business I’ve known all my life”
We learned of an interesting sale/acquisition story that happened recently in Illinois. This article from the Mendota Reporter will tell you of the sale of the Merritt Funeral Home to the Unger-Horner Funeral…
The Federal Funds interest rate came down, what does that mean for you?
If you ask my opinion, American borrowers have been somewhat spoiled by the low interest rates that we had had for almost the last ten years. This article will tell you that from…
FINANCE
Illinois funeral home owner says selling to friends “. . makes it easier to walk away from this business I’ve known all my life”
We learned of an interesting sale/acquisition story that happened recently in Illinois. This article from the Mendota Reporter will tell you of the sale of the Merritt Funeral Home to the Unger-Horner Funeral…
SCI adds San Antonio funeral home locations
Last week we noticed in this short announcement from Market Screener that Houston-based Service Corporation International (SCI) had acquired the Porter Loring Mortuaries based in San Antonio, Texas. It appears that the Porter…
Prelude receives an investment from Cortado Ventures
The last time we mentioned the upstart preneed company Prelude in Funeral Director Daily was this article back in March 2024 when we first heard of them. We mentioned that we didn’t know much…
REGULATIONS
Bill introduced to raise Social Security Death Benefit
It’s been almost 100 years since Franklin D. Roosevelt signed the Social Security Bill into law in 1935. And, contrary to what most people believe, there was a “Lump Sum Death Benefit”…
The Crematory Dilemma: Continued consumer choice vs. the NIMBY attitude
For over a year and a half Funeral Director Daily has followed the application process of the Evans Funeral Chapel in trying to locate and build a new crematory in the White Marsh…
NFDA joins others in quest to delay implementation of Corporate Transparency Act (CTA)
In early September the National Funeral Directors Association (NFDA) joined with hundreds of other groups to delay implementation of the Corporate Transparency Act (CTA) which is set to be implemented on January 1, 2025. …
CEMETERY
Last wills, charitable giving, and preneed
Central Co-op of Great Britain is an interesting company. They are a company with a history of over 100 years and operate in the grocery, legal services, floral, and funeral business. According…
“Place” is very important
Earlier in August I came across this feature article titled “One of Oregon’s most prominent families appears to want another family’s burial plot” from Willamette Weekly of Oregon about a disagreement in ownership…
Propel Funeral Partners announces acquisition
In a press release Propel Funeral Partners of New Zealand announced a somewhat unusual acquisition. Propel announced in July that they had completed the acquisition of Decra Art. Decra Art is believed…
CREMATION
Florida’s Van Orsdel Funeral & Cremation adds “Water Cremation”
Fifty years ago services were almost all traditional casketed funerals with earth burials. Then, for the next 50 years cremation choice by the consumer started building until we now have an approximate 60%…
The Crematory Dilemma: Continued consumer choice vs. the NIMBY attitude
For over a year and a half Funeral Director Daily has followed the application process of the Evans Funeral Chapel in trying to locate and build a new crematory in the White Marsh…
Carriage Services: Strategies driving improvements
I’m one that believes you can learn something from seeing what the public companies in funeral service are doing. When I was active with my funeral home in the business I would read their…
PRENEED
The Federal Funds interest rate came down, what does that mean for you?
If you ask my opinion, American borrowers have been somewhat spoiled by the low interest rates that we had had for almost the last ten years. This article will tell you that from…
Prelude receives an investment from Cortado Ventures
The last time we mentioned the upstart preneed company Prelude in Funeral Director Daily was this article back in March 2024 when we first heard of them. We mentioned that we didn’t know much…
Last wills, charitable giving, and preneed
Central Co-op of Great Britain is an interesting company. They are a company with a history of over 100 years and operate in the grocery, legal services, floral, and funeral business. According…
PRODUCTS
Academic scholarships available from the Funeral Service Foundation — 6 weeks to application deadlines
I know a lot of people in funeral service. And, I might make a wager and say that most of those that I know are humble and enjoy helping their community and the world…
I’m set for New Orleans. . Are you?
Just over a month from now, from October 19 thru the 23rd, I’ll be in New Orleans attending the 2024 National Funeral Directors Association National Convention. I procrastinated but still got registered under the…
Foundation Partners acquires Cake
In a press release from yesterday we learned that funeral home and cemetery operator Foundation Partners Group (FPG) has acquired the end-of-life planning company Cake. The press release, which you can access here,…
