Finance

StoneMor announces acquisition of Illinois funeral home

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StoneMor Inc., the Pennsylvania based operator of funeral homes and cemeteries announced the acquisition of Anderson Funeral and Cremation Services of Belvidere, Illinois, last week.  According to this press release from StoneMor, company CEO Joe Redling said of the acquisition, “StoneMor’s acquisition of Anderson Funeral and Cremation Services is a valuable strategic move for us in the northern Illinois market.  Anderson Funeral and Cremation Services has been serving the families of northern Illinois for many years and is a deeply committed and valued community partner.”  Redling also said, “. . . . members of the Anderson Care Team will continue to be a part of the organization serving the community as they have been for many years.”

Again, according to the press release, StoneMor operates 300 cemeteries and 69 funeral homes in 23 states and Puerto Rico.  There properties are concentrated in the Eastern half of the United States.  Here is a map of their properties.

According to the same press release issued by StoneMor, “Anderson Funeral and Cremation Services has been serving families in Boone and Winnebago counties since 1890. They have a long and proud history through four generations and 125 years of industry experience caring for the final needs of families in their community. The recent completion of a 4,000-square-foot, state-of-the-art Care Facility, which includes two cremators, provides expanded cremation capabilities. Anderson Funeral and Cremation Services serves the Belvidere, Rockford, and Love Park, IL communities.”

Here is the web-site for Anderson Funeral and Cremation Services.

Funeral Director Daily take:  As you may know, StoneMor Inc. is a public company which announced in this press release back in May 2022 that it intends to be acquired by Axar Capital Management.  That press release notes that the closing of that transaction will happen in the Fall of 2022.  To our knowledge, that announcement still stands and is going forward.

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