M&A Deal Summary

Clearstone Memorial Partner Acquires StoneMor Partners - West Coast Assets

On November 12, 2020, Clearstone Memorial Partner acquired consumer services company StoneMor Partners - West Coast Assets from Everstory Partners for 6M USD

Acquisition Highlights
  • This is Clearstone Memorial Partner’s 1st transaction in the Consumer Services sector.
  • This is Clearstone Memorial Partner’s largest (disclosed) transaction.
  • This is Clearstone Memorial Partner’s 1st transaction in the United States.
  • This is Clearstone Memorial Partner’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-11-12
Target StoneMor Partners - West Coast Assets
Sector Consumer Services
Buyer(s) Clearstone Memorial Partner
Sellers(s) Everstory Partners
Deal Type Divestiture
Deal Value 6M USD

Target

StoneMor Partners - West Coast Assets

Trevose, Pennsylvania, United States
West Coast Assets locations are Farnstrom Mortuary in Independence, Oregon, Fir Lawn Memorial Park and Mortuary in Hillsboro, Oregon, Forest Lawn Cemetery in Gresham, Oregon, Hillcrest Memorial Park, Crematory and Mortuary in Medford, Oregon, Keizer Funeral Chapel, and Farnstrom Cremation Center in Keizer, Oregon, Memory Gardens Memorial Park and Memory Gardens Mortuary in Medford, Oregon, Peake Funeral Chapel in Milwaukie, Oregon, Restlawn Memory Gardens, Mausoleum and Restlawn Funeral Home in Salem, Oregon, Roseburg Memorial Cemetery in Roseburg, Oregon, Valley View Cemetery in Sutherlin, Oregon, Wilson's Chapel of Roses and Roseburg Cemetery in Roseburg, Oregon, Care Cremation Service in Clackamas, Oregon, Marysville Cemetery in Marysville, Washington, and Oakwood Hill Cemetery and Funeral Chapel in Tacoma, Washington.

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Buyer(S) 1

Buyer

Clearstone Memorial Partner

United States
Category Company
Sector Consumer Services
DESCRIPTION

Clearstone Memorial Partners is an operator of funeral homes, crematoriums, and cemeteries co-founded by David Deighton and Zach Edwards. Clearstone looks to further its footprint across OR, WA, and the rest of the United States.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Everstory Partners

Altamonte Springs, Florida, United States
Category Company
Sector Consumer Services
Revenue 280M USD (2020)
DESCRIPTION

Everstory Partners is an owner and operator of cemeteries and funeral homes in the United States, with 277 cemeteries and 92 funeral homes in 28 states and Puerto Rico. Everstory Partners is based in Altamonte Springs, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Forest Lawn Cemetery

Buffalo, New York, United States

Forest Lawn Cemetery is a provider of cemetery services in US.

Buy $5M
Mergr

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