Tag: funeral home mergers

Finance

Foundation Partners Group adds 18 locations

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 (FPG) where they announced that during the first seven months of the current calendar year they have purchased eight funeral service firms which operate a […]

Business Finance

Thinking outside the box on acquisitions

I recently came across this article from the Dayton (Ohio) Daily News.  The article told the story of the Routsong Funeral Home acquiring the Morris Sons “funeral business” of the same community.  What was interesting was that the article told of the Routsong Funeral Home “picking up (the) pre-funded funeral service arrangements for an additional 100 or so families”. The article also made the point that the Morris Sons Funeral Homes two physical locations were not a part of the […]

Finance

Smith Family Funeral Home adds two more Arkansas locations

Arkansas Business announced in their publication in early January the acquisition of two funeral home locations by Smith Family Funeral Homes of North Little Rock.  You can see that article here. Smith Family Funeral Homes acquired the Davis-Smith Funeral Homes located in Hot Springs and Glenwood, Arkansas.  The addition of these two properties brings the number to eight funeral homes that Smith Family owns and operates. Here’s what Jeff Smith, owner of Smith Family Funeral Homes said of the addition of […]

Finance

Anthem Partners expands to Canada

This press release from Frisco, Texas, based Anthem Partners will let you know that the privately-held operator of cemeteries and funeral homes has expanded into Canada with the addition of the Speers Group of Companies.  According to the press release, the Speers Group consists of funeral homes and memorial gardens located in the provinces of Saskatchewan and Manitoba. The Speers Group has brought together five organizations that care for 2,000 families annually. Owner and President of Speers Funeral and Cremation […]

Finance

SCI CEO Tom Ryan on Covid deaths, preneed, and acquisitions

Service Corporation International (SCI), the largest provider of funeral services in North America, recently released their 3rd Quarter 2021 results and following that company executives answered questions from stock analysts about the company and death care in general.  You can read a complete transcript of that commentary here. If you are not interested in reading the entire transcript here are some things that Funeral Director Daily found interesting from the discussion and we center on the items of Covid deaths, […]

Finance

Carriage Services called “An under appreciated performer in the Death Care industry”

Seeking Alpha recently penned an article about death care public company Carriage Services entitled, “An Under Appreciated Performer in the Death Care Industry”.  You can access that article here. Here’s a few quotes from the article: Carriage Services operates in the attractive death care industry, operating 171 funeral homes and 32 cemeteries in the United States.  The industry is attractive, although it is still extremely fragmented The business generates significant cash flow and returns on equity currently exceed 20%. Its […]

Finance

Access Holdings raises $630 million for investment expansions

We learned last week, and you can read more in in an article found on this page from Access Holdings, that the Baltimore based investment firm had secured $630 million in credit facilities to assist it as it goes forward in building out its platform of companies. As you may know, Access Holdings is the mid-market investment firm that is supporting the “buy and build” approach of Orlando based death care company Foundation Partners Group (FGP). According to the press […]

Finance

Park Lawn acquires West Coast funeral business

Park Lawn Corporation, with headquarters in Toronto, Ontario, and Houston, Texas, announced in a press release on October 1, that they had reached an agreement to acquire Bowers Funeral Service Ltd. of British Columbia.  You can see the press release here. According to the press release, Bowers Funeral Service is a three location firm with locations in Salmon Arm, British Columbia; Golden, British Columbia; and Revelstoke, British Columbia.  The press release also mentions that this acquisition will “complement Park Lawn’s […]

Finance

Technical difficulties, Seeking Alpha opinion on Service Corporation

To our readers:  Before we get into our feature article of the day I want to apologize to readers who did not receive distributed copies of Funeral Director Daily last Wednesday and Thursday.  Unfortunately, we ran into issues where we simply outgrew our former distributor of Funeral Director Daily emails, Twitter, and Facebook postings.  The growth is good, however, we were not prepared for this happening and so I apologize to our readers for the problem.  There were three articles […]

Regulations

Judge overturns crematory variance, what’s coming up in our profession

Today’s afternoon edition tells of a Dayton, Ohio, decision by a judge that overturns a variance needed to operate a crematory.  Funeral Director Daily will also give you news of a large funeral home acquisition of six Ohio mortuaries.  Finally, we’ve got some other stories and a listing of some of the events for learning coming up over the next couple of weeks in our profession. News from the world of Death Care: Judge:  Dayton crematory should not have been […]