Australia funerals
When funeral home, cremation, and cemetery company InvoCare was taken private last year by private equity firm TPG Global it pushed Propel Funeral Partners Limited to be what we believe is the largest publicly-owned death care provider in Australia and New Zealand. And, Propel Funeral Partners is not standing still as this article…
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The latest information we have out of Australia on the potential takeover of Australia’s largest death care provider, InvoCare, by United States private equity company TPG Capital is from a “Street Talk” column in Wednesday’s Australian Financial Review. Here’s a couple of exerpts from that article which is entitled “InvoCare talks turn…
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Most of the news out of the South Pacific dealing with Death Care has been about the prolonged potential takeover of Australia’s largest funeral and cremation provider, InvoCare, by the United States based private equity firm TPG Global. However, while that potential marriage is still under consideration, Propel Funeral Partners, the 2nd…
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It’s been a couple of weeks since the largest death care and pet death care concern in Australia, InvoCare, rejected an unsolicted offer from the United States giant private equity firm TPG Global Capital to acquire its business. However, not all has been silent. . . . In this post we include…
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Propel Funeral Partners, the public company that owns and operates funeral homes, cremation facilities, cemeteries, and related infrastructure in Australia and New Zealand, announced their Fiscal Year 2022 (FY22) results in late August, and did so by showing growth all across their reporting numbers. The company that began in 2012 with 278 funeral services reported…
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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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The COVID-19 pandemic during the year 2020 and how countries geographic location and national responses to the situation could not be more different than you see in recent publicly owned funeral home companies’ annual reports. We’ve reported on the results of the United States Service Corporation International (SCI) and Carriage Services both in the last…
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Sometimes it is difficult to take a public stand on an issue. You might feel strong one way or another, but you know that taking a public stance could possibly hinder the amount of business that you do. It is pretty evident in America right now that if you flew a Trump 2020 flag in…
Read MoreYou have heard me say many times that small funeral home operators can learn a lot from watching what the public companies are doing in the business. I’m also of the opinion that those of us in North America can learn much from what our colleagues in Australia and Great Britain are doing. . . …
Read MorePropel Funeral Partners, the Australian and New Zealand based operator of funeral homes and crematoria, reported last week that their revenue for the latest 9 month period had been AUS $ 85.0 million ($55.25 m in U.S. $) as compared to AUS $69.9 million (US$ 45.24 m) for the prior year. That is a 22%…
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