funeral business
According to this press release from Foundation Partners Group, the acquisition of Krause Funeral Homes & Cremation Services of Milwaukee, Wisconsin, will allow Foundation Partners Group (FPG) to become the largest funeral service provider in Wisconsin. Mark Krause, president of Krause Funeral Homes & Cremation Service, Inc. has agreed to sell his firm to the…
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We learned last week that Park Lawn Corporation, the publicly traded funeral home and cemetery company, added three firms located in Colorado to its group of locations. In this press release you can learn about the acquisition of Ertel Funeral Home and Crematory, Taylor Funeral Home, and Brown’s Cremation and Funeral Service. Park Lawn Corporation…
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Last week a jury in Maine deliberated and found a verdict against a Lewistown, Maine, funeral home and its owner. Here’s what the website CentralMaine.com said of the deliberations, “A jury awarded Marielle Bischoff-Wurstle, 34, of Falmouth, $5.5 million Friday as compensation for significant emotional damage suffered because her father’s body was left to decompose…
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It’s not surprising to see why in a world of 73 million baby boomers and a large group of funeral home owners planning to retire in the next five years that private equity businesses see an opportunity in Death Care, specifically in owning funeral homes. This article from Fortune entitled “Death is anything but a…
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Tom Kominsky, Chief Financial Officer at death care consolidator and operator Foundation Partners Group made this comment last week, “2022 marks a record year for deal velocity as more and more funeral business owners are choosing Foundation Partners Group as their partner of choice“. That statement came in this press release from Foundation Partners Group…
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Last Friday’s calendar marked the end of the 3rd quarter of 2022 and with it the end of a quarter, and fiscal year for some, of the Funeral Director Daily Death Care Index (DCI) companies. It won’t be long and we will be hearing the financial reports from each of these companies and how they …
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As long as I’ve written this blog I’ve predicted that death care – that is dispositions for the dead human body – will eventually become increasingly a collection of “niche” businesses. That is, compared to what we have gotten used to seeing. . .a funeral home that takes care of your every need in the…
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A recent article published by Seeking Alpha indicates that the “Go Shop” period for StoneMor Inc., following the announcement of a potential going private sale to Axar Capital, is over. In the article the authors mention, “StonMor has been able to solicit other offers, which might not necessarily be take privates. The go-shop period is…
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The Tuesday article of Funeral Director Daily entitled “We Live in a Different World” and dealing with the idea that much of death care, including how we acquire and retain our customers through marketing had barely published when I saw a presentation about some “old school” ideas that are trending back in the hopes of…
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Malibu, California was incorporated into a city in 1991 and that led to a moratorium on new development that included, among other things, hotels. So, Malibu has famously become known as a very tough place to get a hotel room. Back in 2015, however, a group known as Green Acres, LLC, began a push to…
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