Are Private Equity Firms Our Next Big Fear?
There are a growing number of firms who no longer see the growth of the conglomerates as their biggest concerns. There is a new movement afoot.
It has been estimated that private equity firms have in excess of $68 billion dollars available to invest.
They have now set sights on our profession. First with Legacy.com (controlling most funeral homes online visitor traffic) and then Aurora (the industries third largest casket supplier). And there are others.
Their typical model is to leverage the combine strengths of all of their holdings to create a stronger market presence. What has funeral professionals concerned about is when an entity like this can easily afford a 30 second commercial during Super Bowl, our profession, as we know it could be lost.
While no one knows for sure what the true intentions are, all of us have witness what happened overnight to Independent Hardware Store owners when Home Depot moved in. And Home Depot was not lining up with checks in their hand to buy up these independences store for twice what they were worth, consumers bulldozed the stores for them. One thing we all know for sure, consumers needs and demands are changing. Could we be setting ourselves up for the same fate?
Something to think about.
Go to http://funeralsocial.com to find out more about the services we offer. Our clients who are apart of our FUNERAL Social Design Process are seeing an increase in post reach and engagement of over 300%.
Ryan is also the founder of ConnectingDirectors.com. ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com Ryan has created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
Latest posts by Ryan Thogmartin (see all)
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- DISRUPT Media Announces the Launch of DeathCareJobs.com - August 31, 2017
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