Private Equity Conversations with Fexingo · 2026-06-11 · 9 min
In this episode of Private Equity Conversations with Fexingo, Lucas and Luna dive into a quietly consolidating industry: funeral homes. With over 20,000 independent funeral homes in the US, PE firms like Service Corporation International and StoneMor Partners are rolling up the fragmented market, buying family-owned operators at 6-8x EBITDA and applying operational efficiencies like centralized crematories and shared logistics. Lucas explains the financial mechanics: how a typical acquisition works, the multiple arbitrage, and the cultural tensions when PE meets a business built on personal grief care. Luna asks the hard question: at what point does efficiency erode dignity? Plus, a listener donation segment tied to the value of understanding where your money goes in opaque industries. A focused, data-rich look at a sector most people never think about until they need it.
Other episodes covering the same guests and topics, from across The B2B Podcast Index.
How Private Equity Transformed Your Local Grocery Checkout75 / 100The Quiet Consolidation Of Commercial RoofingHow Private Equity Bought Your Power GridThe Silent Takeover of Nursing HomesHow Private Equity Bought Your Local Funeral Homes
