funeral home sales
I think it is fair to say that overall investors have been wary of the inflationary environment and rising interest rates over the last couple of years. However, one side benefit to that wariness may be, according to this article from Marketwatch, that “capital waiting to be deployed” in the private equity market has…
Read More
At Funeral Director Daily we hear about a lot of funeral homes that change hands. We can’t report on all of them, but some family funeral homes have such unique historical characteristics that we like to pass on the knowledge of those transactions just to keep the historical perspective of funeral homes in America…
Read More
This article from the Australian Financial Review states that, even as the due diligence period is being extended for giant private equity firm TPG Global in their pursuit of Australia’s largest Death Care company, InvoCare, it is purported that TPG’s offer is more than 14 times the forward forecast EBITDA for InvoCare.…
Read More
The last of the major public funeral home and cemetery operating companies reported their 1st Quarter 2023 financial report last week. Park Lawn Corporation (PLC) bucked the trend of less revenue for the quarter as compared to the 1st Quarter of 2022 by posting a 4.3% increase in total revenue. Park Lawn…
Read More
Depending on who you listen to you will get some opinions that over the next decade more than 50% of today’s family-owned funeral establishments will change hands. Now, I don’t know if that is true, but there is a shifting demographic, not only in age, but in preferred geographic living locations, that…
Read More
Last Friday I printed a story about five trends or happenings that I saw in calendar year 2022 and how they will relate to Death Care as we move into the future. I’ve not been shy about saying two things are happening and will continue to happen. Those two things are an increase in…
Read More
Over the past several weeks I’ve had several instances which caused me to wonder “What is going to happen to rural America’s home town, home-owned, funeral homes.” Again, it has not been one thing, but a string of instances that have made me wonder about that. For instance, I know of firms in my state…
Read More
Steve Wright, 4th generation funeral director, recently announced that the Wright Funeral Home in Moorhead, Minnesota, had been sold to longtime employee funeral directors and brothers Adam and Bailey Nordin. The Wright Funeral Home dates back to 1881 and has grown and served the greater Moorhead-Fargo community for 141 years. Steve Wright assumed full control…
Read More
A high number of Baby Boomers in ownership roles, the un-planned last two years of Covid-related operations, the thought of an increase in capital gains taxes. . . . . .those are all valid reasons that have many owners of funeral homes thinking of getting out of the ownership realm.. At the beginning of 2021…
Read MoreWhere 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…
Read More
