Propel Funeral Partners Ltd (ASX: PFP) race to compete with Invocare (ASX: IVC) took another step this week, at the expense of consumers.
Propel Funeral Partners has just announced its latest aquisition, Manning Great Lakes Memorial Gardens (MGLMG) for up to $4.4 million. MGLMG operates from a single freehold location and conducts an average of 700 cremations and burials per year. It owns and operates a crematorium, a chapel, memorial gardens and a lawn cemetery from a 15-hectare property in Pampoolah, New South Wales.
Who is Propel Funeral Partners?
Propel Funeral Partners is the second largest private provider of death care services in Australia and New Zealand. The company listed on the Australian Stock Exchange in late November 2017 and own funeral homes, cemeteries, crematoria and related assets in Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australiaand New Zealand.
Why is this bad news for consumers?
The funeral industry in Australia is currently estimated to be $1.5 billion and is currently dominated by two ASX listed companies, InvoCare and Propel Funeral Partners.
Peter Erceg, Founder of eziFunerals said, “This latest acquisition by Propel Funeral Partners may be good news for shareholders, but not for grieving families”. “InvoCare and Propel Funeral Partners continue to increase their footprint and buy out small operators to increase their market share, at the expense of consumers”, he said.
According to eziFunerals, “unless consumers know who owns their local funeral home and shop around, they will continue to hit with rising costs and a lack of choice. This is not in the interests of grieving families and family owned funeral homes”.
Shop Around and save money!
Find out who owns your local Funeral Director
Choosing between a corporate owned funeral brand or smaller independent funeral home is a personal question.
If a more personalised service is important to you, you should ask who owns and operates the funeral home you are considering. By choosing to use the services of a smaller independent funeral director, listed with eziFunerals, you are selecting the help of a locally owned and trusted professional – who can help you anywhere, anytime. They are not distracted or bound by large company rules handed down from head office and can be flexible and responsive to individual needs, providing a highly personal and compassionate service.
So make the right choice and get value for money by selecting an independent and family owned funeral director to conduct your funeral.
For more information on funeral choices in each of the states, see our city specific pages:
- Funeral Directors Sydney
- Funeral Directors Melbourne
- Funeral Directors Brisbane
- Funeral Directors Adelaide
- Funeral Directors Perth
- Funeral Directors Hobart
If you need a Quick Quote, you can connect with independent funeral directors by filling in a simple and easy quote request form.
eziFunerals is a free consumer advocacy and funeral planning platform that supports individuals and families cope with end of life decisions, death and funerals. We are an independent, Australian-owned and operated company, and are not a subsidiary of any other corporation. We are not part of any other funeral company. Founded by consumers frustrated by how difficult it was to get independent information, eziFunerals supports consumers plan a funeral, compare prices and select the right funeral director anywhere, anytime.