Tag: funeral acquisitions

Afternoon Edition

Jake Johnson on “Acquisitions” is most read article of the month

Johnson Consulting Group CEO Jake Johnson wrote a short article for Funeral Director Daily dealing with the acquisition landscape and that article tops our “Most Read” list for the 30 days from August 15 to September 15.  In case you missed them, here are the top read articles from Funeral Director Daily over the past month. Johnson Consulting’s Jake Johnson on the acquisition market. Another start-up in Death Tech. . .another player in caskets. My brother Jim . . . […]

Business

Johnson Consulting’s Jake Johnson on the acquisition market

Acquisitions: what 2021 taught us and what we can forecast Editor’s Note:  We’ve seen some movement in the acquisition market so Funeral Director Daily asked one of the experts in the industry, Jake Johnson, to comment on what he has seen so far in 2021 and what may lie ahead.  His comments follow: Jake Johnson: The demand for buyers was on the rise in 2021. More businesses considered selling due to the tax implications and high valuations. Business owners started […]

Finance

Foundation Partners enters Las Vegas market

It was announced in this press release that Foundation Partners Group, the Orlando, Florida, based funeral home and cemetery consolidator and operator, has acquired Kraft Sussman Funeral & Cremation Services of Las Vegas, Nevada.  The press release notes that this is Foundation Partners Group’s (FPG) first acquisition in Nevada. . . .the state with America’s highest cremation percentage rate. Tom Kominsky, CFO of Foundation Partners Group, said this of the acquisition, “Kraft Sussman is ahead of the curve in a […]

Finance

Foundation Partners adds to growing Colorado number of facilities

Earlier this week Foundation Partners Group (FPG) announced that they have increased their location count to 12 in the state of Colorado by purchasing the entities affiliated with Seitz Funeral Services.  In the press release which you can read here, Foundation Partners Group announced that the Seitz Funeral Services group includes Adamson Life Celebration Home, Northern Colorado Crematory, Viegut Funeral Home, and Best Friends Pet Crematory. John Seitz has served as a funeral service professional for 20 years and in […]

Finance

Foundation Partners Group adds to Minnesota locations

It was announced last week in this press release that Orlando, Florida based Foundation Partners Group has acquired the Atkins-Northland Funeral Home & Cremation Service located in Cloquet, Minnesota.  According to the press release, this addition brings the Foundation Partner Group count in Minnesota to six locations. Again, according to the release, the acquired funeral home began in 1936 as the Northland Cooperative Burial Association and operated as an association until taken private in 2009 by Bob and Karen Atkins.  […]

Afternoon Edition

Weekend edition: Wilbert Vault fire, Bukala retiring, SCI increases dividend and more

As we head into the weekend we thought we would catch you up with some information that is both of interest to our readers, but sometimes hard to catch as you are busy in your daily work and don’t have time to check out death care information as we do. . . . but that is our goal here — to bring you information in a click so that you don’t have to search for it. This article, with photos, […]

Business Finance

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

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 have turned into Tribute Technology. This article, published the other day, from PE Hub (provide your email to PE Hub to get access the article) […]

Finance

Foundation Partners adds Kentucky locations

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 to the Foundation Partners network.  Clark Legacy Center operates facilities in the Kentucky communities of Nicholasville, Frankfort, and Versailles. Again, according to the release, “The […]

Business

Expansions, acquisitions, new ownership. . . all part of what makes American small business what it is

We spend an inordinate amount of time telling our readers of what is happening in the large public companies that make up that constellation in the death care universe.  Don’t get me wrong, that information is good to have, easy to obtain as it is public by law, and much can be learned by seeing what the “Big Boys” of the profession are up to. However, in the death care industry – funeral homes, cemetery, preneed, and monuments – I’m […]

Finance

Park Lawn CEO Andrew Clark announces departure

Members of the death care media were informed yesterday via press release that the CEO and Chairman of Toronto based Park Lawn Corporation (PLC), Andrew Clark, would be stepping down as Chairman and CEO of the company.  You can read the press release here. The release quoted Clark as saying, “It has been a tremendous privilege to lead PLC and build a strong and highly capable management team over the last eight years.  I am grateful to have led a […]