Propel Funeral Partners

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. . . …

Read More

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

By Funeral Director Daily / June 19, 2020 /

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…

Read More

Propel Funeral Partners reports 9 months of 2020

By Funeral Director Daily / May 18, 2020 /

Propel Funeral Partners, the Australian and New Zealand based operator of funeral homes and crematoria, reported last week that their revenue for the latest 9 month period had been AUS $ 85.0 million ($55.25 m in U.S. $) as compared to AUS $69.9 million (US$ 45.24 m) for the prior year.  That is a 22%…

Read More

Acquisitions keep on rolling around the world

By Funeral Director Daily / November 15, 2019 /

There are a lot of reasons that businesses, including funeral homes, change operational and ownership hands.  Sometimes a single proprietor gets a price that he just can’t turn down.  Sometimes a single proprietor just wants to retire and either has no family to go into the business or family that wants to pursue other goals…

Read More

InvoCare operating earnings decline

By Funeral Director Daily / August 15, 2019 /

InvoCare Limited, the largest public company in the death care space serving Australia, New Zealand, and Singapore reported half-year earnings which indicate that Operating Earnings after tax dropped 5.2% to AUS $22.3 million from last year’s AUS $23.6 million.  In somewhat of an interesting note, Net Profits increased 97% to AUS $41.4 million because of…

Read More

InvoCare to raise $65 million

By Funeral Director Daily / March 11, 2019 /

Australian public company funeral services provider InvoCare announced over the weekend that they successfully completed an underwritten institutional placement of A $65 million (about $US 46 million).  You can read about and see a news clip from the Australia Finance News Network here. InvoCare says that the capital raise will be applied to their strategic…

Read More

Acquisition News — Foundation Partners/InvoCare

By Funeral Director Daily / September 21, 2018 /

Foundation Partners, based in Orlando, Florida recently announced that they had made an acquisition to their family of brands.  They announced that they had acquired Legacy Funeral & Cremation Care in San Diego County, California.  You can read a press release here. The purchase from the Savino family represents an opening into the San Diego…

Read More

In The News. . . .

By Funeral Director Daily / August 31, 2018 /

We will finish out the week letting you know some of the things that happened over the week without much editorial comment.  Have a great weekend and for those of our readers in the United States. . .Happy Labor Day on Monday!! Special Hearse for Aretha Franklin.  Click here to see a photo of the…

Read More

Looking from the Outside In

By Funeral Director Daily / February 9, 2018 /

Sometimes when you really need to know about your business, you should listen to somebody from the outside.  They see that perspective from another view — and many times it is the view that Mr. Outside can see that Mr. Inside has overlooked. So, today, I have found two articles from the people on the…

Read More

Propel Funeral Partners Stock Rising

By Funeral Director Daily / December 29, 2017 /

Propel Funeral Partners, the funeral home, cremation, and cemetery company that serves Australia and New Zealand is seeing their stock continue to rise since their initial public offering (IPO) in November.  According to an article in the Motley Fool from December 27, 2017, the stock has moved from an IPO price of AUS $2.70 to…

Read More

Subscribe to Funeral Director Daily
Enter your email address to join 3,187 readers who subscribe to all Funeral Director articles.

advertise here banner