acquisitions
In a press release issued last week Foundation Partners Group announced that it had purchased a group of funeral and cremation operations. The group consists of three business, that were owned by one party, known as Advent Funeral and Cremation Services with locations in Falls Church, Virginia, and Lanham, Maryland. Also included in the purchase…
Read MoreIt’s been a few years since I’ve actively managed our funeral home, but this recent article from the Minneapolis Star Tribune brought me back to one of the issues that I dealt with in the hiring of employees. That was the issue of non-compete agreements or covenants not to compete. Non-competes have historically been used…
Read MoreWe said almost two years ago that the best way for funeral home and cemetery operator StoneMor Partners L.P. to right their ship was to divest themselves of some properties and use the cash proceeds to pay down debt so that they can get to a position where they are operating in a financial positive…
Read MoreThere are a lot of reasons that businesses, including funeral homes, change operational and ownership hands. Sometimes a single proprietor gets a price that he just can’t turn down. Sometimes a single proprietor just wants to retire and either has no family to go into the business or family that wants to pursue other goals…
Read MoreAcquisitions continue to be announced in the death care business. It seems that there are a lot of businesses where the ownership is ready to transition out of the profession and there is an ever growing number of neighbor, regional, and national providers of funeral and cremation care that are intent on getting larger. In…
Read MoreTo cap off the week and the month of May we are forwarding to you three separate articles from the world of death care. Click on the links of these articles to learn more. State of Washington and its Death Certificate Problem- An editorial from the Spokane Spokesman-Review that you can read here goes into…
Read MoreStoneMor Partners, the Pennsylvania operator of funeral homes and cemeteries announced First Quarter 2019 results last week. The company, which is in what CEO Joe Redling says is an “operational reorganization” continues to see revenues lower and losses larger than the comparable quarter one year ago. For 1Q 2019 revenues amounted to $71.5 million as…
Read MoreIn a news release from April 2 that you can read here, StoneMor Partners reported their financial results for the 4th Quarter of 2018 as well as the full year 2018. As you may know, the company has been filing delayed SEC reports but this report puts them pretty much on schedule. Here are some…
Read MoreEditor’s Note: I am out of the office this week. Because of that FDD will not be publishing an article on Tuesday or Thursday. I hope you enjoy the articles for Monday, Wednesday, and Friday I have scheduled. # # …
Read MoreThe common held belief in the funeral and cremation services business is that people will always need death care professionals to execute the lawful disposition of the deceased. However, another trend that has been taking place over the past ten years is that a larger percentage of the client families that you serve will be…
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