Tag: funeral home mergers

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 […]

Business Finance

Random thoughts on retail sales, funeral home restrictions, revenues, and acquisitions

Where were you when you first realized that the coronavirus may be something serious and you changed your course of habits to manage your lifestyle more safely?  Angie and I were on a scheduled flight out of Honolulu returning to Minneapolis on February 1, the day after President Trump had instituted the flight ban from China.  I remember wiping our seats down with clean wipes. . .something I had never done before. So, we have now had a little over […]

Finance

StoneMor bucks the system

Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios.  What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation. StoneMor, based out of Trevose, Pennsylvania, operates approximately 320 cemeteries and 88 funeral homes in 27 states and Puerto Rico.  It is no secret that […]

Products

FDD keeps growing. .requesting contributing articles

Thanks to our readers and a solid word of mouth presence in the death care profession, Funeral Director Daily continues to grow our readership.  As you can see from the chart below we continue to grow slow and sure among decision makers in the funeral, cemetery, and cremation world.  Thank you. We continue to show upward mobility in all categories including daily subscribers, Search Engine Optimization one time viewers, and total monthly views.  I continue to enjoy doing this as […]

Finance

Propel Funeral Partners growing market share

This article from Yahoo Finance indicates that Australian and New Zealand public funeral operating company Propel Funeral Partners is growing market share.  According to the article it is growing both from acquisitions and an annual death rate increase in both countries. Here is an excerpt from that article: “In Propel’s FY19 investor presentation, the company drew attention to notable industry figures. With death volumes in Australia expected to increase by a rate of 2.4% p.a. until 2026 and 2.1% thereafter […]

Finance

New Year brings news of Foundation Partners adding to Tucson brands

In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the press release from FPG here. The press release states that the Adair Funeral Homes were founded in 1956 and at this time the third generation […]

Finance

StoneMor announces California combo sale

We 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 manner. Yesterday they made an official announcement of what many of us expected to be coming.  StoneMor Partners L.P. announced the agreement to sell the […]

Finance

StoneMor keeps moving towards turnaround

StoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company.  As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation.  You can read their press release here: In essence, here are some of their moves as they continue to execute their plan to bring the company back to business […]