Fiducial Acquires Federated Funeral Directors of America
Two successful family owned businesses join forces. Fiducial, a family owned accounting firm with over 70 offices in the U.S., acquires the family owned Federated Funeral Directors of America of Springfield, Illinois, a leading funeral home business services provider.
Mr. Christian Latouche, Founder and Chairman of Fiducial, is proud to announce the acquisition of Federated Funeral Directors of America of Springfield, Illinois; and its subsidiaries, Southeastern Funeral Directors Service and Funeral Management Service. Federated is currently the business services expert to the funeral home industry with over 1,300 funeral home clients. This acquisition joins two successful family owned businesses to form a strong, comprehensive source of services for small businesses.
Yves Morard-Lacroix, Executive Vice President of Fiducial and John Rodenburg, President of Federated Funeral Directors of America, signed an agreement Thursday, October 20th, formalizing the acquisition of Federated Funeral Directors of America by Fiducial.
The acquisition of Federated Funeral Directors of America of Springfield, Illinois is a natural fit for Fiducial. Federated serves the funeral services community on a national level and Fiducial serves the small business community with nationally connected local points of service. Both companies share a specialized focus on serving small and independent businesses.
John Rodenburg, President of Federated says, “This acquisition will allow me to devote more time to help our clients rather than focusing on management. We are a very client centered organization with close client relationships. We believe that Fiducial will continue this tradition.” Federated was started in 1925 by Rodenburg’s grandfather and has grown into the country’s premier funeral services business provider. Federated Funeral Directors of America handles everything from comprehensive accounting services and funeral business consulting to succession planning and collection services.
The focus on small businesses and the all encompassing nature of Federated’s business model is a natural fit for Fiducial’s full-service, local business model. Fiducial’s success is due to their belief that for small, independent business to remain competitive, they should have access to the same comprehensive services and expert advice that big businesses have. Fiducial strives to provide those services.
Yves Morard-Lacroix, Executive Vice President of Fiducial Inc. says, “We have a great respect for what Federated has built. John Rodenburg, along with 200 caring, dedicated and extremely knowledgeable staff members, built something unique. They built an organization with great heart, which provides excellent service, and helps build, sustain, and support funeral homes all across the U.S. These are just some of the qualities and characteristics we respect and admire about Federated. These are also qualities that are very important to us at Fiducial.”
Morard-Lacroix continues, “Fiducial is built upon the idea that small and independent businesses do best when they are served by local experts in their industry. Giving local experts the resources of a national firm is at Fiducial’s foundation. This is one reason the joining of Fiducial and Federated makes such good sense. It’s going to be a great combination that will continue Federated’s legacy and add new services to over 1,300 clients.”
Fiducial is a provider of services to small businesses and their owners throughout the United States. Fiducial established operations in the U.S. in 1999 and has grown to approximately 70 locations around the country comprised of both company stores and franchise offices.