Funeral Home Consolidators. It will be interesting to see what the end-game is for that group. S

It will be interesting to see what the end-game is for that group. Sep 21, 2020 · StoneMor Inc. According to SCI’s September 2021 Investor Fact Sheet, 15% to 16% of all funeral homes fall under the SCI umbrella, while other large consolidators hold only 5% combined. Reduces the financial burden on families and funeral homes by providing fast funding to funeral homes and processing life insurance assignments. I do, however, see private equity looking at the many regional funeral home consolidators that may, for many different reasons, be ripe for sale. Jun 17, 2022 · UK funeral home consolidator Funeral Partners has continued its acquisitive growth with a record-breaking three acquisitions in one month. Jan 15, 2019 · Victims of funeral home negligence have recounted stories of having funeral home representatives entirely focused on sales contracts and extra services. Although consolidation has created a challenge for funeral industry vendors and associations, it has had a positive impact on funeral businesses that choose to remain independent. Oct 21, 2025 · Thinking about selling your funeral home? Maximize the selling price and be matched with the buyer that's right for you with NewBridge. They often achieve this through a “Hub and Spoke” strategy where a consolidator will purchase one large funeral home in a region with the goal of acquiring other businesses around it. Whether you have a single location or a large multi-location business that spans several states, we have the technology to meet your needs. Dec 7, 2022 · For over three decades, the biggest funeral home and cemetery consolidator has trusted Assurant, Inc. The boastful taunts took on a familiar tone: "The best thing that every happened to my firm was SCI buying my competition. Mar 29, 2018 · The business of funeral care It was announced this week that Service Corporation International and the Archdiocese of New Orleans will collaborate on a plan to build a funeral home and cemetery on land owned by the Archdiocese in New Orleans. Jul 10, 2024 · Since Carriage Services is the last small-cap funeral consolidator available on the public market with 30% greater revenue and cash flow on assets compared to Park Lawn, it is a likely target for over 5 similar funeral insurance companies to acquire for a similar competitive advantage. When I peruse the internet for articles that would interest Funeral Director Daily readers I notice mergers, acquisitions, and bolt-on purchases for hub and spoke firms happening often. Pennsylvania based cemetery and funeral home consolidator. Maintain a professional and caring presence within the funeral home and the community. Jun 27, 2023 · According to the NFDA, as of mid-2023, 89. Hoffmeyer realized in 1995, as Funeral costs include basic services fee for the funeral director and staff, charges for other services and merchandise, and cash advances. The acquisitions take Funeral Partners, the UK’s third largest funeral services provider, to more than 230 funeral homes across the UK. Jul 2, 2024 · Funeral home consolidators must adapt to this trend by adjusting high fixed burial-specific costs and making strategic cremation-focused acquisitions. " Sep 22, 2022 · The funeral home industry is in many ways a prime target for private equity, which looks for markets that are highly fragmented and could benefit from consolidation. Aug 30, 2024 · The funeral industry is becoming more corporate as private equity firms buy up family-owned funeral homes. And the industry was changing, Mr. Expert industry market research on the Funeral Homes in the US (2015-2030). It is expensive to die in Mar 17, 2023 · As small town funeral home operators we many times look at the acquisitions of the big public companies or the regional consolidators with a little envy about being able to do that ourselves. Learn about recent trends, sales and mergers among funeral homes in the U. Jul 25, 2023 · A major reason for the expected increase in consolidation is the highly fragmented nature of the funeral home market. Oct 5, 2022 · The article points out that in the late 1980s and the early 1990s the funeral home industry went through a lot of consolidation and that is happening once again. While this sheds some light on the operations of these buyers, you Dec 18, 2023 · Although Foundation Partners, with private equity help, grew patiently to a going-concern company of about 270 locations as of today. Sep 22, 2022 · The funeral home industry is in many ways a prime target for private equity, which looks for markets that are highly fragmented and could benefit from consolidation. 3 million. You can read the press release from Globe News Wire here. Fidelity Memorial Group partners with funeral directors and cemetery owners looking for help with their succession planning. . CEO Michael Martel and COO Timothy “TJ” Smart founded the company after more than 25 years of managing funeral homes, cemeteries and crematories for a large consolidator across New England, New York and Pennsylvania. Jun 1, 2024 · During this period, three acquisition companies (Service Corporation International, Loewen Group, and Stewart Enterprises) were acquiring thousands of independent funeral homes. The death-care industry, as the funeral home business is commonly referred to, has seen substantial consolidation in recent years. Owner and Regional Consolidator of Funeral Homes - Publisher/Editor Southern Funeral Director Magazine and President of Signify Preneed Marketing Solutions · John W. In these regions, funeral homes share things like crematories, vehicles, and even staff, keeping variable costs to a minimum among the locations. Meet our experienced Leadership Team at Milestone Partners in Auburn, ME providing compassionate funeral services to honor your loved ones with dignity and respect. Service Corporation International, for example, operates 1,800 of Jan 13, 2011 · Death in America is a $15 billion a year industry. Whether you’re considering an exit or looking for growth opportunities, we guide you with knowledge, discretion, and a personal approach. We offer the opportunity for owners and operators to preserve their family’s legacy and flexibility to meet their retirement goals. Our services include business sales and acquisitions, as well as valuations, consulting and special projects. A 2018 study revealed that 75 percent of US industries experienced an increase in concentration, meaning fewer and larger firms control more market share over time. These consolidators misunderstood the consumer’s preference for locally owned businesses, particularly funeral homes. Independent funeral homes make up the other 80%. Prior experience in funeral service preferred. The best service provider, the best consolidator, and the best value creator for our partner funeral homes and cemeteries. Roughly 80% is dominated by family-run businesses. Nov 3, 2025 · While some owners are adamant about keeping the business in the family while pursuing expansions and new business models, selling to an outside buyer is also an option in a highly fragmented industry. . Get information for funeral home professionals, buyers and sellers. Trusted M&A Advisors Servicing the Funeral Profession. SMI helps funeral home, cemetery and other business owners establish and implement exit plans designed to maximize the returns most important to them. The combination unit, which will also have mausoleum… Read More Dec 16, 2021 · A Win-Win? The acquisition is a coup for SCI, which is already the largest operator of funeral homes in the United States. Here’s why and what consumers should watch for. For the typical mortician, that means being on call all the time. Make copies of the checklist at the end of this article. Web FDMS® provides funeral home’s with web-based software and memorialization tools to funeral homes, consultants, and consolidators alike. Strength in Numbers, Part II: How Funeral Consolidation Works How Both Sides Can Win in a Sale to a Consolidator In part one of this series, we broke down why funeral home consolidators want to buy independent funeral homes and how they can use certain advantages available to them to increase the value of those businesses. “So far, we’ve had really good success in getting the word out,” Schaffer says. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. S. But the growing trend of corporate consolidation in the ``death care'' industry, which includes funeral homes, crematories and cemeteries, is making life easier for some funeral home directors while changing the industry's landscape. (NYSE:AIZ) as a partner. Jul 15, 2022 · Corporate Consolidation of Funeral Services Consolidation undermines worker and consumer power, eliminating competition for both. That includes funeral homes, crematoriums, and cemeteries, but excludes related costs such as headstones and crypts. We provide specialized mergers and acquisitions (M&A) advisory services that prioritize your unique needs. Finally, I wanted to point out that Foundation Partners Group is owned and financed by a Baltimore private equity company. Aug 3, 2023 · The FTC is currently weighing whether or not funeral homes should be required to post the price of their services online. Carriage Services is a leading consolidator and provider of deathcare services and merchandise in the United States, operating funeral homes and cemeteries nationwide. 2% of funeral home businesses are still independent and family owned. Aug 31, 2021 · August 31, 2021 Milestone Funeral Partners, a funeral and cemetery acquisition company, launched in late May 2021. Jul 7, 2023 · In addition, a handful of private-equity-backed consolidators like to buy up distressed funeral homes and cemeteries, clean them up a bit, bundle them together, and flip them to one of the big guys at a healthy profit. By cobbling together chains of funeral homes, these firms can leverage economies of scale in purchasing, improve marketing strategies, and share administrative functions. Dec 6, 2024 · We also know that large corporate consolidators and their purchases are not the only place that acquisitions and mergers are taking place in the funeral home space. Oct 17, 2007 · A decade ago, many independent funeral-home owners were practically begging a public consolidator to acquire a nearby firm. Sep 17, 1999 · Like many children of funeral-home owners, Tom Hoffmeyer's showed no interest in taking over the century-old family business. The National Funeral Directors Association is not fully on board. Oct 28, 2025 · One private equity-backed firm recently bought more than 10% of funeral homes in western Mass, where corporate consolidators now own a quarter of mortuaries — part of a nationwide trend in the death care industry. They own and operate 320 cemeteries and 88 funeral homes. — $ 47. Mar 17, 2023 · As small town funeral home operators we many times look at the acquisitions of the big public companies or the regional consolidators with a little envy about being able to do that ourselves. Yopp III is a third Mar 22, 2012 · Since our founding in 1991, Carriage Services has had the mission of Being The Best. The consolidators have excelled in cost control, which has resulted in deferred maintenance and remodeling of facilities, thus contributing to the volume declines. However, as the population of funeral home and cemetery owners ages, many without a familial or employee successor, it is likely the industry will continue to see interest from consolidators and Private Equity buyers. Aug 23, 2010 · For those funeral home owners who are looking for an exit strategy, Schaffer and Price hope that their company will be thought of as a credible alternative to the likes of SCI, Stewart Enterprises, Carriage Services and regional consolidators. Offers accounting services to funeral home clients and other services, including lending, payroll, consulting, and business valuations. Now, half the families that used to go there come to my funeral home.

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