StoneMor Inc
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…
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StoneMor, Inc. the Pennsylvania based operator of cemeteries and funeral homes last week announced a partnership with end-of-life technology support start-up Empathy. Empathy is, as they say, powered by technology and driven by purpose in helping grieving families handle countless tasks following the death of a loved one. The company describes itself as “a service…
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StoneMor, Inc., the Pennsylvania based consolidator and operator of cemeteries and funeral homes, has had a busy April. We’ve seen Moody’s upgrade their credit rating, we’ve seen insider trading purchases of the stock, and we’ve seen an announcement of refinanced debt. That and more leads a press release from Moody’s to state, “. . .…
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In a report issued last week, StoneMor Inc. released its financial results for the 4th Quarter of 2020 and for the full-year of 2020. Here’s what CEO Joe Redling said in the report that you can read here, “The groundwork that was laid with our transformation initiatives, allowed StoneMor to produce another very strong quarter…
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In what may be an indicating sign that StoneMor Inc. is beginning to come out of its realignment phase, it was announced yesterday that the Pennsylvania based consolidator and operator of cemeteries and funeral homes has acquired four cemeteries. This press release indicates that the four properties are all located within the Eastern geographic footprint…
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A couple of years ago I looked at StoneMor and their operations and told readers that they should, if they had a StoneMor competitor in their market, look at a possible acquisition of that competitor. Quite frankly, I was of the opinion that the way StoneMor was moving would probably lead to a liquidation and…
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