Homesteaders Life Company, an insurance services provider, and Birch Hill Equity Partners Management, a private equity firm, agreed to acquire Park Lawn, a funeral, cremation and cemetery provider, for $1.2bn. "This Transaction represents tangible recognition of the value and strength of our organization. We are proud of the accomplishments of our team and look forward to partnering with Homesteaders and Birch Hill in a new chapter of Park Lawn where we can continue to execute on our strategic initiatives for the benefit of our stakeholders in the long-term," Brad Green, Park Lawn CEO.