cremation business
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.…
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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…
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In a press release that we received last week, Foundation Partners Group announced that they had expanded and repositioned their leadership team. According to the release that you can read here, this will “position the company for continued growth and innovation.” The release explains that Bob Bukala, formerly the President and CEO, will remain CEO…
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Foundation Partners Group, the Orlando based company that has grown by acquisition to over 140 locations of funeral homes, cremation centers, and cemeteries across the United States announced earlier this week that they had acquired the Clark Legacy Center of Kentucky. According to this press release from Foundation Partners, the acquisition will add three locations…
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The last thing I want to do with Funeral Director Daily is get into political sides of issues. And, I will try to once again straddle the line today with this article I entitle “COVID-19 and Cremation. . more cremation. . what could it mean”. I happened to see this article entitled “The COVID-19 Cremation…
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It was only two years ago that many of us were introduced to a major player in the global private equity industry named Providence Equity Partners. According to this article which appeared on the American Funeral Association blog in December 2018, Providence had made inquiries into many companies in businesses that I will define as…
Read MoreToday we bring you several news reports, articles, and video pertaining to a crematory in New York state that last week had black smoke billowing from its cremation stack. The funeral home, and its crematory, are located in Tonawanda, New York, and according to some of the articles, this is not the first time that…
Read MoreOn Tuesday the Hormel Corporation announced a new employee benefit available to all United States Hormel Corporation employees. This benefit, that they are calling “Inspired Pathways”, will pay for two-years of community or junior college tuition for all children of the aforementioned Hormel employees. You can read an article from the Minneapolis Star Tribune here…
Read MoreThe Funeral Director Daily afternoon edition for today contains a couple of finance opinion articles written for Seeking Alpha on funeral home and cemetery operator Carriage Services, a short note on Park Lawn Corporations placement of 5.75% debentures, and some guidance from our friends at Clifton Larson Allen with regards to COVID-19 relief plans for…
Read MoreAs we mentioned in yesterday’s feature article that pertained to the financial side of the death care industry, it has been a different and interesting year in that realm. Today, we will be reminding you that it has also been an interesting and different year on the relationship side of the profession. I’m a guy…
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