How Private Equity Is Buying Up Cremation Services
The Buyout Show with Fexingo · 2026-06-20 · 11 min
Episode notes
Private equity has quietly consolidated a surprising industry: cremation services. Lucas and Luna explore how firms like Service Corporation International and smaller PE-backed players have rolled up funeral homes and crematories, driven by demographic shifts and margin logic. With cremation rates in the U.S. crossing 60% in 2025, the economics are shifting - and PE is paying attention. They break down the numbers: a typical cremation generates $1,500 - $3,000 in revenue versus $7,000 - $10,000 for a traditional burial, but the operating margins are wider and the capital requirements lower. The hosts discuss the consolidation playbook, the regulatory hurdles, and why this roll-up wave hasn't hit the headlines like dental or vet practices. A specific look at how death care became a slow-burn PE target. #PrivateEquity #CremationServices #DeathCare #FuneralHomes #ServiceCorporationInternational #RollUp #Consolidation #Demographics #Investing #BusinessStrategy #Finance #BusinessPodcast #FexingoBusiness #PEPlaybook #CremationRates #DeathIndustry #MergersAndAcquisitions #EconomicTrends Keep every episode free: buymeacoffee.com/fexingo
More from The Buyout Show with Fexingo
All episodes →- Why Private Equity Is Buying Up Wedding Venues67 / 100
- How Private Equity Is Buying Up Dermatology Practices59 / 100
- How Private Equity Is Buying Up Laundromats62 / 100
- How Private Equity Is Buying Up Marijuana Dispensaries
- How Private Equity Is Buying Up Security Guard Companies