Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Why Private Equity Is Buying Up Funeral Insurance Companies
Episode 77 of The Buyout Show. Lucas and Luna examine the private equity play for pre-need funeral insurance — policies sold to people before they die, locking in today's funeral costs. They trace the roll-up logic through a real case: how a mid-market firm, Sentinel Capital Partners, acquired and combined three funeral insurance carriers between 2021 and 2024 to create what is now the second-largest pre-need insurer in the US. Lucas breaks down the unit economics: why a policy with a 35 percent lapse rate still yields a 20 percent internal rate of return when the float is invested in…
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