cremation business

Foundation Partners Group’s Lee Senderov on “Reinventing the Funeral”

By Funeral Director Daily / July 31, 2023 /

      I recently had the opportunity to listen to an insightful podcast that featured Foundation Partners Group’s Chief Marketing and Digital Officer Lee Senderov.  She was a guest on the podcast “Celebration Chatters” which is hosted by 1-800-Flowers founder Jim McCann.   I’ve been a licensed funeral director for over 40 years but…

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Matthews CEO Bartolacci: “This is a different business than it was just 3 years ago”

By Funeral Director Daily / July 31, 2023 /

  Matthews International, parent company of Aurora Casket and Matthews Cremation, reported their 3rd Quarter 2023 results and 9-Month results for 2023 last week.  I think the overriding take on that report is that Matthews International has continued their growing revenue spurt moved mostly by their recent entrance into the energy storage solutions business.  …

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DNA artist should be in your “Contacts”

By Funeral Director Daily / July 25, 2023 /

  This recent television interview and article about Illinois resident Meagen Lee should find a place in your “Contacts” so that you can point clientele survivors to a way that they can have “One-of-a-Kind” cremation art pieces created should they wish.   Lee, who calls herself a DNA artist, has created jewelry, flowers, lighters, pocketknives,…

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Is Private Equity really paying 14 x for InvoCare?

By Funeral Director Daily / July 12, 2023 /

      This article from the Australian Financial Review states that, even as the due diligence period is being extended for giant private equity firm TPG Global in their pursuit of Australia’s largest Death Care company, InvoCare, it is purported that TPG’s offer is more than 14 times the forward forecast EBITDA for InvoCare.…

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Health care costs may drive increased expenses in 2024

By Funeral Director Daily / July 10, 2023 /

    According to this recent article from Yahoo Finance, businesses, including funeral homes, may find their employee health care costs rising by up to 7% in 2024.  And, that is on top of increases of 5.5% in 2022 and 6% this year.   According to the article, “. . .hospitals and providers will often…

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How much debt is too much?

By Funeral Director Daily / July 7, 2023 /

  Funeral Director Daily ran an article last Friday on the offer made by Park Lawn Corporation in its quest to acquire Carriage Services.  You can read that article here.   One of the reader comments to the article indicated that Carriage Services carried “too much debt” and that was hampering, and will continue to…

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Park Lawn acquires Georgia firm

By Funeral Director Daily / June 29, 2023 /

    “Park Lawn (Corporation) has further expanded its strategic growth in the southeast United States” according to a quote attributed to Park Lawn CEO J. Bradley Green in this press release from earlier this week.  The expansion Green it talking about is the acquisition of the Cobb Funeral Chapel and the Cobb Suncrest Memorial…

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Selling a funeral home: What holds an owner back?

By Funeral Director Daily / June 28, 2023 /
estate agent giving house keys to woman and sign agreement in office

      Back in mid-May Funeral Director Daily published this article entitled “Thinking of an ownership transition? Here’s some straight-forward advice on getting started”.  It was an article predicated on advice from the folks at accounting and business strategy experts Clifton Larson Allen (CLA).   We recently noticed another article from the people at…

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Carriage Services: Carlos Quezada replaces Mel Payne as CEO

By Funeral Director Daily / June 26, 2023 /

      In this press release from last Thursday it was announced that some leadership position changes at publicly held funeral home and cemetery operator Carriage Services were underway.  First and foremost was the announcement that former company Chief Operating Officer and President Carlos Quezada was being promoted to the position of Chief Executive…

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Is time up for the Undertaker?

By Funeral Director Daily / June 2, 2023 /

    That headline, “Is time up for the Undertaker”, is the headline from this press release issued earlier in May on behalf of Great Britain’s direct cremation provider Pure Cremation.   Pure Cremation recently conducted what they call “The Big Future of Funerals Survey” and, according to their conclusions, it points to the fact…

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