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.
Quis repudiandae sint quisquam est voluptates at. Eos praesentium fugit pariatur. Libero saepe aut qui sit et excepturi.
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