cremation business
In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the…
Read MoreWe learned last week that one of the northwest United States premier funeral home families has decided to cast their lot with Foundation Partners Group (FPG). Musgrove Family Mortuaries and Cemeteries, based in Eugene, Oregon, announced last week that they had been acquired by FPG. You can see the press release from Foundation Partners Group…
Read MoreI operated a small town funeral home for about 35 years. Every year I completed budgets and put expectations on the number of death calls the firm would do as well as predicted our market share in the community. I was tough with myself. . . .I had high expectations. Fortunately, I operated in a…
Read MoreSecurity National Financial Corporation of Utah, a public company that has operations in both the mortuary and insurance businesses reported financial numbers for their 3rd Quarter of 2019 recently. You can read their press release on that information here. 3rd Quarter Life Insurance revenues are up slightly to $29.8 million in 2019 from $28.9 million…
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 MoreCarriage Services, the Houston based funeral home and cemetery operator made a big announcement after business hours on Monday. The company issued a press release which highlighted not only the acquisition of, what they say in the release is the largest by a combined revenue definition, acquisition in their 28-year history, but also announced personnel…
Read MoreMatthews International reported their 4th Quarter and 2019 fiscal Year Sales last week. The Pittsburgh based public company includes in its portfolio, as one of three business segments, a Memorialization unit that includes Matthews Cremation, Aurora Casket, and Star Granite which are of interest to the death care industry. You can access the Matthews International…
Read MoreNational Geographic magazine published an article the other day that you can read here. It was published in their “Environment and Conservation” sector and is entitled, “The environmental toll of cremating the dead“. The article makes the statement that 78% of Brits are now cremated and in America, we have surpassed the number of burials…
Read MoreAccording to this article and also verified on E-Trade, Axar Capital Management L.P. purchased 3,925,660 shares of StoneMor Partners L.P. stock on Wednesday, October 30, at an average share price of $1.00 per share. That share price indicated the 52-week low for the stock which had traded as high as $5.01 just over a…
Read MoreOver the years I learned a lot about marketing. When sales reps for different advertising mediums came into our business to either sell or re-new our programs I always looked at them as extensions of our business and not sales people. I figured that if I could learn from them I could use that knowledge…
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