Tag: funeral acquisitions

Finance Preneed

FDLIC acquires American Life and Annuity Company

We learned late last week in this press release that Funeral Directors Life Insurance Company (FDLIC) of Abilene, Texas, acquired the American Life and Annuity Company (ALAC) of Hot Springs, Arkansas.  According to the press release “effective immediately, FDLIC will work to support existing ALAC policyholders and Arkansas funeral homes”.  Again, according to the press release, “President and CEO of FDLIC Kris Seale and ALAC President Claude Holloway worked closely together to ensure a smooth transition process for both companies, […]

Finance

Anthem Partners makes 19 location acquisition

We learned last week via this press release that Anthem Partners, the Frisco, Texas, based owner and operator of funeral homes and cemeteries had acquired Serenity & Company Memorial Service.  According to the press release, Serenity & Company began in 2007 in Arkansas, but has expanded and now operates in Arkansas, California, Nevada, and New Mexico. The press release also states that Serenity & Company operates nine funeral homes and 10 cemeteries. Steven McDonald, who was the Chief Operating Officer […]

Finance

StoneMor reports 1st Quarter. . . Axar talks continue

Here’s what StoneMor Inc. CEO Joe Redling had to say about the company’s 1st Quarter of 2022 during the company’s earnings call on May 12 which you can access here, “During the first quarter, we achieve(d) 4% year-over-year growth in our pre-need sales production.  And this is against the first quarter of 2021. That was up 45% against the first quarter of 2020. We achieved this growth through a concentrated sales effort, including a focus on volume and pricing optimization. […]

Finance

Park Lawn adds Mississippi operations

A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation.  The press release also states that the acquisition represents 383 death calls and 45 annual interments that are expected to generate about US $1.25 million in EBITDA. Here’s what Park […]

Products Regulations

Amazon movie in production based on the fall of Loewen Corporation

It’s been a long-time since the 1995 court case where a Mississippi funeral home owner sued Canadian public funeral home company The Loewen Group for $5 million for what the plaintiff described as a “breach of contract”.  The lawsuit led to a $500 million jury award in a Mississippi court and virtually put the Loewen Group out of business. The case had enough “Hollywood” in it to lead Amazon to begin filming in New Orleans this past month for a […]

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.  […]