Any PE Folks with Industry Knowledge in Cremation
Long story short, I've been trying to come up with a business idea to get me out of/supplement my mediocre FP&A salary. I recently read a report on how the cremation industry will continue to grow as the cost for a proper burial become unaffordable to the vast majority of Americans. That and the fact that most millennial's aren't religious, so they don't give a shit about what happens to their mom and dad's body (this is all pretty dark, I know).
So what are y'alls thoughts.. too much competition in the space? Too much red tape? Does this idea have legs?
Meh, heard it's a dying business.
Check out Antin's investment in Westerleigh.
Should of seen that one coming.. appreciate the recommendation.
Not in PE but I would recommend reading the SCI earnings calls. Lots of incumbent players in the funeral home/cemetery space are seriously concerned about the rising popularity of cremations (up from 10% decades ago to >50%). This trend caused Stonemor (one of the larger public funeral home operators) to collapse.
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