StoneMor Partners LP (NYSE: STON) has acquired several funeral homes and cemeteries from Service Corporations International (NYSE: SCI).
StoneMor is adding 12 cemeteries, 9 funeral homes and 2 crematories in Central Florida, North Carolina, southeastern Pennsylvania and Virginia. Levittown, Pa.-based StoneMor owns and operates 278 cemeteries and 90 funeral homes across 28 states, as well as Puerto Rico.
The company's products include pre-death and at-death services, burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials and other services. Terms of the deal were not disclosed.
Service Corporation is a Houston, Texas-based provider of funeral and cemetery services.