death care

StoneMor announces sale of West Coast locations

By Funeral Director Daily / November 11, 2020 /

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. …

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New Mexico funeral home fined for social distancing violation

By Funeral Director Daily / November 11, 2020 /

I woke up this morning (Monday as I write this) to see the Dow Jones Industrial average futures up over 5% on the news that Pfizer has had tremendous success with its Covid-19 vaccination drug trials.  It’s a rainy day in Minnesota so I did my daily run on the treadmill watching Jim Cramer on…

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Park Lawn lawsuit alleges trade secret irregularities

By Funeral Director Daily / November 10, 2020 /

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…

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Another funeral tech firm raises capital

By Funeral Director Daily / November 9, 2020 /

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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Providence Strategic Growth said to have a deal “north of $1 billion” for Tribute Technology

By Funeral Director Daily / November 6, 2020 /

Back in September we published this article about Providence Strategic Growth (Providence Equity) planning to put their funeral software firm, Tribute Technology, on the market.  At that time. the article that we had read from Barron’s mentioned that Providence believed that they could get a $1 billion offer for their assemblage of companies that they…

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Afternoon Edition: “Get to Know Them” – Nicki Price Adams

By Funeral Director Daily / November 5, 2020 /
Nicki Price Adams Roosevelt Investments

Not long after I started writing Funeral Director Daily I received some public relations material from a company out of New York City called Roosevelt Investments.  The material came from Nicki Price Adams requesting that I include the material in Funeral Director Daily as she thought it might be relevant to those in the death…

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Catching up with the casket business

By Funeral Director Daily / November 5, 2020 /

We are in the period of public companies reporting their 3rd Quarter results to the world and it is only a couple of weeks before Hillenbrand, parent company of Batesville Casket Company, and Matthews International, parent company of Aurora Casket Company will give us those results. As most of you know, those businesses have generally…

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Taking some cues from Starbucks

By Funeral Director Daily / November 4, 2020 /

So, I warned you earlier in the week that I would be doing a column on what was happening with Starbucks and why I thought there was enough general information in what I had heard that it would be useful to people who operate businesses in the death care realm. To refresh you, I had…

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Acquisitions: Park Lawn adds South Carolina firm, others moving forward in Pennsylvania

By Funeral Director Daily / November 3, 2020 /

The history of funeral directing and funeral home ownership in the United States has been one of passing the torch to the next generation of the family to carry on.  My family was no different. . . .we carried our cabinet shop, furniture store, funeral home from the 19th Century into the 21st Century.  That…

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SCI’s Tom Ryan and others discuss SCI’s 3Q Earnings Report

By Funeral Director Daily / November 3, 2020 /

Service Corporation International (SCI) sometimes takes shots from others in the industry simply because of their size.  Being the largest in any business category simply makes you an easy target. Being the largest also means you need great leadership to get on top and eventually stay there. SCI reported record revenues and earnings in the…

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