On Dec. 20, 2023, Everstory Partners, a leading owner and operator of cemeteries, funeral homes and crematories, is pleased to announce the management transition of 84 properties consisting of 72 cemeteries, 11 funeral homes and one crematory located across four states – Michigan, North Carolina, South Carolina and Kentucky. The properties were acquired by a subsidiary of Everstory’s parent company from Park Lawn Corporation.
“Everstory Partners extends a heartfelt welcome to the location team members, families, and communities we now serve,” it announced. Everstory’s Chief People Officer Karen Sheean said, “Everstory has been reinventing itself this past year with an enhanced focus on investing in the growth, development and care of our employees so that they can provide the absolute best support and service to our families. I am thrilled to add over 500 talented team members to contribute to this cultural transformation and help more families to leave a lasting legacy.”
In a separate but related announcement, Park Lawn Corp. announced that it has successfully completed the previously announced divestiture of certain legacy assets including all the assets of The Park Lawn Cemetery Company (USA), Inc., PLC Saber Ltd. and PLC Citadel Ltd. to Everstory Acquisition Portfolio, LLC , an affiliate of Everstory Partners. The divestiture includes 72 cemeteries in Kentucky, Michigan, North Carolina and South Carolina and 11 funeral homes in Kentucky and North Carolina. “The completion of this divestiture marks an important milestone in the execution of Park Lawn’s long-term strategy,” said J. Bradley Green, chief executive officer of Park Lawn. He added, “Park Lawn has now refined its portfolio and, moving forward, is well positioned to focus solely on its core business strategy while also improving our leverage and liquidity position. We thank each of the employees of these 83 businesses for their hard work and dedication to Park Lawn and wish them well under their new ownership.”
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