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.
DISRUPT Media is a full-service creative agency built for the now. We partner with death care companies to drive deep-rooted brand loyalty and measurable leads through social media.
More Fans. More Conversations. More Leads.
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)
- What Happens When Arlington Cemetery Runs Out of Space? - June 5, 2018
- The Biggest Problem In Your Funeral Home Isn’t What You Think - May 8, 2018
- Walmart Takes One More Step Into The Funeral Industry With Funeral Potatoes - April 26, 2018
You may be interested
10 Visionary Death Care Entrepreneurs Revolutionizing How We DieJustin Crowe - June 20, 2018
Looking at the business that these 10 death care entrepreneurs have created, there is an overwhelming sense of certainty that…
Mean Internet Comments – Funeral EditionCDFuneralNews - June 20, 2018
We shine a light on some of the harsh words posted on social media towards DISRUPT Media's CEO, Ryan Thogmartin.…
FTC Releases Results of Undercover Funeral Rule Investigation… 4 Regions BombedJustin Crowe - June 18, 2018
The FTC has released its report detailing the results of its undercover Funeral Rule investigation for 2017. Last year, the…