Tag: cemetery business

Finance

StoneMor announces sale of West Coast locations

We learned today that a rumored divesture of West Coast assets of StoneMor Inc. has indeed been negotiated and an asset purchase agreement has been signed. This press release from Globe Newswire indicates that StoneMor Inc. has sold all of their properties in Oregon and Washington to an entity known as Clearstone Memorial Partners, LLC.  According to this map of StoneMor properties from their website, the arrangement would look to be for approximately 19 cemetery and funeral home properties, if […]

Finance

Park Lawn lawsuit alleges trade secret irregularities

This article published last week from Bloomberg Law alleges that when former Park Lawn Corporation CEO Andrew Clark resigned and left the employment of the company he carried trade secrets with him to his new employer, Plot Box, Inc. The article from Bloomberg Law notes that a lawsuit was filed in a Delaware federal court on October 30, 2020.  Here’s what that article says, “the company (Park Lawn Corporation) said rival PlotBox, Inc. induced Andrew Clark to violate nondisclosure and […]

Products

Another funeral tech firm raises capital

On Friday we published an article about funeral FinTech and software firm Tribute Technology fetching a reported “more than a billion” dollar amount when sold.  That same day we learned in this article that an Idaho funeral tech firm had just received a $4 million venture fund investment from Pelion Venture Partners based in Utah. Gather, a Meridian, Idaho, based company, according to the article, “provides software solutions to funeral homes to help families after the death of a loved […]

Finance

Carriage Services posts record 3Q revenue and EBITDA

Earlier this week funeral home and cemetery consolidator Carriage Services, based in Houston, Texas, produced their 3rd Quarter 2020 report and in it they recognized the quarter as record breaking for revenue and EBITDA.  According to Chairman and CEO Mel Payne the company blew through milestones which they did not expect to reach until sometime in 2022. Here’s some of what CEO Payne had to say, “The last six months have been a remarkably historic performance period for Carriage, as […]

Cemetery

Which side of the issue are you on

I don’t think that there is any doubt that at one time we viewed cemeteries as a “place for the dead”.  However, you could argue that over the years, while cemeteries still carry the reverence of places where we lay our loved ones to rest, they have become not only a place for the dead, but a “place for the living” also. I point that out as, especially urban cemeteries, have become places to walk a dog, to hold yoga […]

Cremation Products

Better Place Forests adds Minnesota property

A little over a year ago Funeral Director Daily brought you this article introducing Better Place Forests to our readers.  At that time we said of the idea, “Think of it. . . increased cremation and now a place – like cemeteries of old – where today’s consumer will feel comfortable placing the remains of loved ones in an environmentally friendly way and place.  An interesting venture. . . and one whose time may have come.” At that time the […]

Cemetery Products Regulations

Recompose getting competitors. . . and that’s okay

This article from the Daily Chronicle tells how Recompose founder Katrina Spade has been working since 2014 to bring Natural Organic Reduction (NOR) to an acceptable and legal process of human disposition.  She not only had to prove the science behind what many call “human composting” but had to find a legislative body to approve the method in a state. Since that time a Washington State University scientist has used the remains of six terminally ill patients to prove the […]

Afternoon Edition

Axar Capital pulls back bid to take StoneMor Inc. private

In this public relations release from Globe Newswire you can read that Axar Capital Management has withdrawn its proposal to acquire all of the outstanding shares of StoneMor Inc. and take the company private. In the press release, StoneMor made this announcement by Stephen J. Negrotti, Chair of a special committee to evaluate the Axar proposal, “We have worked closely with Axar over the last six weeks to evaluate its most recent proposal. We have consulted with our financial and […]

Afternoon Edition

Afternoon Edition: Cemetery re-imagination and more

As we post our final Afternoon Edition before the Labor Day holiday we do so with some articles that are heavily weighted to the cemetery side of the death care profession.  In today’s News from the World of Death Care we bring you an article from “The Conversation” that deals with how the cemetery could be “Re-imagined”. And. . .we have about three other cemetery related articles that deal with Green Burials, the “derecho” damage to Iowa cemeteries, and the […]

Finance

DCI indicates “Death Care” stocks left behind. . . appearance on Funeral Nation

With today being the last day in the business calendar of the first eight months of the year and April to June reports all in, I thought it might be a good time to find out where the Death Care Index is sitting in relation to the stock market in general.  The Death Care Index, or DCI, is Funeral Director Daily’s proprietary monitoring system of the death care public company financial values. The DCI is non-scientific, but represents the total […]