Stonewood Capital Management, Inc., a Pittsburgh-based private equity firm, has acquired CMS East, Inc., one of the largest privately-owned cemetery operations in the United States. Headquartered in Jeannette, PA, CMS East owns and operates memorial parks across Ohio, Pennsylvania, Maryland, and the Carolinas, offering a range of cemetery-related products and services.
“CMS East has developed a very attractive network of memorial parks which have served families for decades,” said Peter J. Muth, Senior Vice President of Stonewood Capital. “Stonewood is excited to have partnered with Jude Abraham, CMS East’s President, in this transaction, and we look forward to supporting Jude and his team as we further enhance our memorial parks to meet the evolving needs of the communities we serve.”
“I look forward to partnering with the Stonewood team as we build upon CMS East’s strong legacy of providing exceptional, caring service to our customers,” said Jude Abraham, President of CMS East.
Pennsylvania-based S&T Bank provided a senior lending facility to support the acquisition, and Stonewood Capital was represented in the transaction by Metz Lewis Brodman Must O’Keefe LLC.
