StoneMor

With 305 cemeteries and 73 funeral homes in 24 states and Puerto Rico, StoneMor (NYSE: STON) is one of the largest operators of cemeteries and funeral homes in the United States. Harvey & Company has initiated eight acquisitions for StoneMor Partners, L.P., adding a total of 15 properties to the StoneMor family. Harvey & Company has assisted StoneMor in its search efforts to:

  • Map out the fragmented death care services industry, which includes over 7,500 industry participants.
  • Develop acquisition criteria for revenue, minimum number of burials, available acreage, and types of services provided based on regional demographics and cremation rates.
  • Focus on specific geographic regions that are complementary to StoneMor’s existing locations or were larger, multi-location properties in new territories.

Result: To date, over 1,835 interments, 1,230 services, and 300 acres have been added to the StoneMor group through the eight acquisitions initiated by Harvey & Company. The company continues to work with the StoneMor management team to identify and consummate additional acquisitions.

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