The funeral industry in the United States is worth $20 billion dollars annually with 2.4 million funerals taking place every year. With death and taxation being the two certainties in life, funeral homes have a long-standing reputation for highly resilient and stable businesses. Everyone dies. If there’s any business that should stand the test of time, it would be funeral homes and cemeteries. But when we look at the numbers, the surprising reality is that it’s not actually true. For 2 decades, average funeral home revenue has been declining every year. The number of funeral homes has been shrinking every year with more and more closing their doors. Today, the American funeral industry is significantly fragmented, seemingly unscathed by the M&A of corporate America. There are roughly 18,800 funeral homes in the United States. There are about 1,000 crematoriums and 115,000 cemeteries. Service Corporation International is the largest public funeral home corporation today, op