How Private Equity Is Buying Up Cremation Services

The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions · Aug 24, 2026 · 8m · transcript

Private equity has spent the past decade quietly consolidating funeral homes and crematories. In this episode, Lucas and Luna dig into the economics of death care: why cremation rates have doubled since 2000, how a handful of PE-backed platforms now own thousands of locations, and what that means for families making one of the most emotional purchases of their lives. They break down the math of a typical roll-up: the fixed costs of a crematory, the sticky customer base, the pricing power that comes from local monopolies. They also look at the backlash — from consumer groups, from funeral…