Axar Capital completed the acquisition of StoneMor for $110m.

Axar Capital, an employee-owned investment boutique focused on deep value opportunities in the North American middle market, completed the acquisition of StoneMor, an owner and operator of cemeteries and funeral homes, for $110m. "Our agreement with Axar delivers a significant premium for StoneMor's stockholders and ensures a strong foundation for us to continue our expansion. Our Board firmly believes that this transaction is in the best interests of all of our stockholders other than Axar and its affiliates and delivers an ongoing commitment to excellence for our customers, employees and communities we serve," Joe Redling, StoneMor President and CEO.