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 […]
Tag: funeral home sales
Service Corp purchases Louisiana based properties
At least one source has indicated in a news story that Houston based Service Corporation International (SCI) has purchased historical family funeral business properties in Baton Rouge, Louisiana. The Greater Baton Rouge Business Report reported yesterday in this article that SCI has, at a minimum, purchased the property of the Rabenhorst Funeral Home in Baton Rouge. According to the Rabenhorst web-site that you can access here, the funeral business has two locations – Rabenhorst Downtown and Rabenhorst East. According to […]
Where are the Opportunities?
I spent three days last week at my annual funeral professional/death care professional golf event that I have attended almost every year since first being invited in 1991. From my count, there are about 130-144 invited guests that enjoy three days with each other in an atmosphere of fellowship and friendship. Most of the talk is friendly banter about our golf game or what our growing (and grown up) kids are up to. However, inevitably, when you have over a […]
Jake Johnson on the Merger and Acquisition Market
With so much talk about the mergers and acquisitions in the death care industry of late, I thought it would be insightful to get the thoughts of Jake Johnson, President and CEO of Johnson Consulting Group on the subject. Mr. Johnson guides the company whom many consider to be the premier total solutions provider in the death care industry. For more information on Johnson Consulting, including a webinar on the acquisition market, you can access their web-site here. Here are […]
Newcomer Funeral Service Group purchases Dayton Property
A sale was recorded last Monday in the Dayton, Ohio area pertaining to the purchase of land at 820 Miamisburg-Centerville Road according to property records reported by the Dayton Daily News. The property, with seven acres of land, was owned by Schlientz-Moore Funeral Home and purchased by Warren Family Funeral Homes, Inc. According to the Dayton Daily News, Warren Family Funeral Homes, Inc. does business in the Dayton area as Newcomer Funeral Homes. In the Dayton area Newcomer Funeral Homes […]
Park Lawn Continues Acquisition Spree
Yesterday Park Lawn Corporation announced another acquisition of a funeral home. Fresh off the announced purchase of seven cemeteries in New York and New Jersey last week for a combined price of close to $50 million, the Toronto based company announced the purchase of the Billingsley Funeral Home in Huntsville, Ontario. In a press release from Business Insider that you can read here Andrew Clark, Chairman and CEO of Park Lawn Corporation, stated, “Billingsley’s proximity to our existing operations in […]
How Can Funeral Homes Sell “The Experience”?
Trends and surveys show us that the younger the person is in America the more apt they are to value “Experiences” over “Assets”. It is an interesting subject to me – as a younger part of the Baby Boom generation – I’ve always valued assets and usually have watched my money on the experiences. Experiences such as going to a Major League Baseball game — I’ve never bought the top price ticket — I’ve been satisfied with sitting in an […]
The Mergers and Acquisition Environment
Yesterday I was reading the Business Section of the Minneapolis Tribune and saw an article entitled, “Corporate Deal Market Slows”. It was an interesting article that had a couple of interesting premises and for someone who enjoys the business world it led to a good read and also allowed me to think of how the thinking mentioned in the article relates to the funeral home world. The article talks about profits in the business world today and how these companies […]
Is Foundation Partners changing the Acquisition Paradigm
Probably the worst kept secret in the funeral industry over the past 30 days or so has been the pending acquisition of Premier Care of Florida which includes several properties, most notably Anderson-McQueen Funeral and Cremation Centers of Florida, by Foundation Partners. Anderson-McQueen, which serves the west coast Florida counties of Hillsborough and Pinellas, has been known nationwide as an innovator in “celebration” style services. Foundation Partners, founded by former Keystone Group executives, has been in business since 2010 and […]
Value of Intangibles in a Funeral Home Sale
I happened to be watching a funeral industry podcast today and this question was asked of the “Expert” , “What value to the sale are pre-arrangement contracts that are not tied to the funeral home, but could be moved?” The expert’s answer was something like this, “Absolutely nothing. They can be moved to a competing funeral home so no new owner will pay anything for an asset that is not guaranteed to be there.” I’m somewhat in disagreement with that […]
