funeral business
In my morning e-mail on investment opportunities this morning was an opinion on Service Corporation International. Michael Gayed of Seeking Alpha wrote a short piece on SCI as an investment opportunity that I thought I would pass on to my readers. You can read Gayed’s piece here. What I found interesting in the article was…
Read MoreRecompose, the public benefits corporation that is moving the process of recomposition (human composting) into the commercial realm recently held a forum at the Feldman Mortuary in Denver, Colorado. The forum was used to introduce the idea of recomposition to the Colorado market and also to announce that two Colorado legislators plan to introduce a…
Read MoreAs reported last week on Funeral Director Daily, Carriage Services has hired William Goetz as its new Chief Operating Officer. Late last week we learned that Goetz has came out of the chute by showing confidence in the company the he will lead. It was reported in this article that on Wednesday, December 11, 2019,…
Read MoreWhen you are the owner of a funeral home you have to have a plan for marketing the business. Most funeral director proprietors think about their advertising, their on-line presence, and their pre-arrangement program as a way to market. What many don’t think about, however, is that the services they provide after the funeral to…
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 MoreIn the last couple of years it seems that we have seen no slow down in the marketplace for the acquisition of large family owned metropolitan death care businesses by the public company, venture backed, or equity partner backed large scale operators in the business. You need think no farther back then last weeks announcement…
Read MoreLast week public funeral home operating company Carriage Services was really in the news. They not only announced the acquisitions of the Fairfax Memorial Park and Funeral Home in the Washington, DC area, but they announced the purchase from StoneMor Partners of the funeral home/cemetery combination facility Oakmont Memorial Funeral Home and Cemetery in Northern…
Read MoreIn a press release issued last week Foundation Partners Group announced that it had purchased a group of funeral and cremation operations. The group consists of three business, that were owned by one party, known as Advent Funeral and Cremation Services with locations in Falls Church, Virginia, and Lanham, Maryland. Also included in the purchase…
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 MoreWe said almost two years ago that the best way for funeral home and cemetery operator StoneMor Partners L.P. to right their ship was to divest themselves of some properties and use the cash proceeds to pay down debt so that they can get to a position where they are operating in a financial positive…
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