Quad-City Times reports that Weerts Funeral Home has been sold to Service Corp International. Weerts was founded in 1909 and adquired by David Deuth from Jim Weerts in 2005. The firm developed a state of the art cremation center in 2012. Service Corp International owns and operates 2,000 funeral homes and cemeteries in North America.
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…
BUSINESS
Offender to be dis-interred and removed from Fort Sam Houston National Military Cemetery
Texas Senator John Cornyn authored a bill that was passed by the Senate, the House, and signed into law by President Trump in late December 2025, that was included in the 2026 National Defense…
“Mattering”: Can your funeral home help “It”. . . Can “It” help your funeral home?
It’s not something I thought about ever. And, while I sensed some of the psychological needs associated with it, I’d never thought of it in the sense I learned about it last week. …
The “Humanity” of Death Care
Funeral Director Daily publishes lots of articles that deal with the business, or money side of Death Care. That’s good. . .and readers seem to like it, however, I never want any of us…
FINANCE
Seeking Alpha authors “Bullish” on SCI
When you follow the public companies in Death Care like I do it is unusual to find articles about them appearing very often. But, last week two separate authors of Seeking Alpha gave opinions…
What’s with Private Equity?
I guess “Private” means “Privacy” and that is probably why it is so difficult to get information on how the Private Equity market is doing. The status of the industry is, however, of much…
Matthews closes European unit sale, announces agreement with Barington Capital
The first half of January 2025 saw two news releases come from Matthews International that probably, in a wide scope, are related to each other. First, in early January, this press release titled “Matthews…
REGULATIONS
Offender to be dis-interred and removed from Fort Sam Houston National Military Cemetery
Texas Senator John Cornyn authored a bill that was passed by the Senate, the House, and signed into law by President Trump in late December 2025, that was included in the 2026 National Defense…
Veterans’ Affairs recently grants $77 million to state-operated veteran cemeteries
According to this recent article in Newsweek “The Department of Veterans Affairs (VA) has awarded more than $77 million in new grants aimed at expanding and improving state-operated Veterans cemeteries. The funding, announced…
Cemetery legal dispute ends in disinterment
A lengthy legal case of about four years that involved a Service Corporation International (SCI) cemetery and also included a well-known and succesful business family has ended in a disinterment ruling of the keepsakes…
CEMETERY
Offender to be dis-interred and removed from Fort Sam Houston National Military Cemetery
Texas Senator John Cornyn authored a bill that was passed by the Senate, the House, and signed into law by President Trump in late December 2025, that was included in the 2026 National Defense…
The “Humanity” of Death Care
Funeral Director Daily publishes lots of articles that deal with the business, or money side of Death Care. That’s good. . .and readers seem to like it, however, I never want any of us…
Veterans’ Affairs recently grants $77 million to state-operated veteran cemeteries
According to this recent article in Newsweek “The Department of Veterans Affairs (VA) has awarded more than $77 million in new grants aimed at expanding and improving state-operated Veterans cemeteries. The funding, announced…
CREMATION
Veterans’ Affairs recently grants $77 million to state-operated veteran cemeteries
According to this recent article in Newsweek “The Department of Veterans Affairs (VA) has awarded more than $77 million in new grants aimed at expanding and improving state-operated Veterans cemeteries. The funding, announced…
Washington crematories stymied by air quality regulations
Washington State cremation owners and operators find themselves in somewhat of a Catch-22 when it comes to new cremation equipment. According to this article from the Seattle Times Pacific Northwest Magazine old cremation machines…
Cremations, and now tariffs creating headwinds for monument dealers
American monument dealers have become accustomed to dealing with the rising cremation rates in the country and the dwindling sales opportunities for cemetery monuments that fact brings. But now, according to this recent…
PRENEED
Is a 10% credit card interest rate ceiling good news for funeral homes? . . . Maybe not
Today is January 20. It is the day that President Trump wanted to institute one of his ideas for making life more “affordable”. That idea is a 10% cap on interest rates on credit…
Can you the provide the opportunity for additional Preneed sales in the 1st Quarter of 2026?
“Strike when the iron is hot“. That’s a 15th-century saying that came from the blacksmith trade and meant to suggest that the blacksmith should “bend the metal when it is hot and somewhat flexible”. …
More Americans take on debt to cover funerals
I came across this recent article from USA Today titled “Americans are going into debt over death. Here are affordability tips.” Reading that article led me to a survey and results from Debt.com and…
PRODUCTS
Is a 10% credit card interest rate ceiling good news for funeral homes? . . . Maybe not
Today is January 20. It is the day that President Trump wanted to institute one of his ideas for making life more “affordable”. That idea is a 10% cap on interest rates on credit…
Can you the provide the opportunity for additional Preneed sales in the 1st Quarter of 2026?
“Strike when the iron is hot“. That’s a 15th-century saying that came from the blacksmith trade and meant to suggest that the blacksmith should “bend the metal when it is hot and somewhat flexible”. …
Creedy, Jefferson form advisory firm
Long-time Death Care executives and advisors Alan Creedy and Danny Jefferson have again joined together to form a new firm to help those in the business. A press release issued earlier this week…
