funeral home mergers and acquisitions
If you would ask Gemini Artificial Intelligence what percentage of funeral homes will be sold in the next five years, here is the answer that you will be given: “While an exact percentage is hard to pinpoint, a significant portion of funeral homes, potentially around 35-40% of owners, plan to retire or sell…
We learned earlier this week that Pinnacle Funeral Service, a funeral home owner and operator based in St. Petersburg, Florida, has acquired the Malcore Funeral Home & Crematory as well as Simply Cremation in Green Bay, Wisconsin. According to a press release, the funeral home was founded in 1921 and has been owned and…
There is a lot happening in the Death Care world. . . especially when it comes to Death Care businesses changing hands. We recently learned that Funeral Partners, one of Great Britain’s largest Death Care providers with approximately 280 locations across the country may be up for sale. And, it may be a…
If you follow the Death Care financial markets, and even if you don’t but are involved in funeral service, it would have been hard for you to miss the number of “take-private” company movements from public company domains in the last couple of years. I’m reminded of this by last week’s announcement that…
Foundation Partners Group (FGP), headquartered in Orlando, Florida, announced earlier this week the acquisition of the three location Beers & Story Funeral Homes in Western Massachusetts. Here is the FGP press release pertaining to the acquisition. Beers & Story is a three generation firm that can trace its roots to the early 1900’s when Bert…
Having seen news last week that Foundation Partners closed on an acquisition in Wisconsin I did a little research on what, at least anecdotally, are the acquisition targets of the larger companies. I did so because the purchase of the Schneider-Michaelis Funeral Home in Jefferson, Wisconsin, didn’t seem to fit what Foundation Partners had been…
