Propel Funeral Partners

Propel Funeral Partners shows growth with 2022 Annual Report

By Funeral Director Daily / September 20, 2022 /

Propel Funeral Partners, the public company that owns and operates funeral homes, cremation facilities, cemeteries, and related infrastructure in Australia and New Zealand, announced their Fiscal Year 2022 (FY22) results in late August, and did so by showing growth all across their reporting numbers. The company that began in 2012 with 278 funeral services reported…

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Acquisitions: Two continents, two hemispheres, corporate firms, 4th generation firms. . . they keep happening

By Funeral Director Daily / August 26, 2022 /

Going into the weekend we thought we needed to remind you that acquisitions keep on coming in the death care business.  In the last week or ten days here’s a couple we noticed. Cleveland’s Busch Funeral and Crematory Services, a 4th generation firm has added Schuster-Straker-O’Connor Funeral Home  of Parma, Ohio, to its existing Northeast…

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Propel Funeral Partners makes acquisition. . . . enters pet business

By Funeral Director Daily / August 9, 2022 /

Propel Funeral Partners, billed as the 2nd largest provider of death care services in Australia and New Zealand  announced last week its acquisition of Community Funerals and Cremations for Pets.  Community Funerals operates from four locations in and around Cairns, Queensland, and was founded in 2008.  Cremations for Pets was founded in 2017. The business…

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Propel Funeral Partners reports First-Half 2022, volumes, Revenue per Case move up

By Funeral Director Daily / March 4, 2022 /

There is no doubt that the world is a smaller place today because of the information that can be received instantaneously.  Look no further than war reporting and satellites in the sky — during World War II information on battles took days to reach American civilians while today reporters are in the field and send…

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Propel Funeral Partners raises capital, announces Share Purchase Program

By Funeral Director Daily / October 27, 2021 /

Propel Funeral Partners of Australia and New Zealand announced last week, in this announcement, that they had raised $AU 50.2 million via a placement with institutional investors.  They also announced that they are offering eligible existing shareholders the opportunity to purchase a total of up to $AU 10 million via a share purchase plan. Here’s…

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Co-op FuneralCare acquires 50 locations, Propel Funeral Partners reports improved performance

By Funeral Director Daily / September 3, 2021 /

Across the Atlantic Ocean we have learned that Co-operative  Funeral Care in Great Britain has reached agreement to purchase the funeral and preneed related businesses of Midcounties Co-op funerals.  The number reported in this article states that Co-op Funeral Care will acquire 50 funeral homes and 2 vehicle logistic sites from Midcounties. The transaction will…

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Australian funeral homes fare much differently than U.S. counterparts

By Funeral Director Daily / March 3, 2021 /

The COVID-19 pandemic during the year 2020 and how countries geographic location and national responses to the situation could not be more different than you see in recent publicly owned funeral home companies’ annual reports. We’ve reported on the results of the United States Service Corporation International (SCI) and Carriage Services both in the last…

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International acquisitions – Propel adds Kiwi firms, Ontario firm happy after one year

By Funeral Director Daily / November 16, 2020 /

We learned last week that Propel Funeral Partners that operates out of Australia and New Zealand had purchased the Dils Group which has locations in New Zealand and Australia.  The Dils Group is said to have performed about 800 services last year and brought in revenue of about US $ 4.96 million. You can see…

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Afternoon Edition: Articles from the weekend

By Funeral Director Daily / October 19, 2020 /

In today’s Afternoon Edition we will provide you with some articles that came out over the weekend.  There is probably something for everybody’s interest in these articles as we always find that it is interesting to catch up with what is going on in other parts of the United States or in other parts of…

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Afternoon Edition: Learning from down under and across the pond

By Funeral Director Daily / September 8, 2020 /

You have heard me say many times that small funeral home operators can learn a lot from watching what the public companies are doing in the business.  I’m also of the opinion that those of us in North America can learn much from what our colleagues in Australia and Great Britain are doing. . . …

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