Who Owns Everstory Partners Company?

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Who Owns Everstory Partners?

Understanding a company's ownership is key to its strategy and accountability. A significant shift occurred in the deathcare sector when StoneMor Inc. was acquired by Axar Capital Management in 2022, leading to its rebranding as Everstory Partners.

Everstory Partners, established in 1999 and formerly known as StoneMor Inc., operates funeral homes and cemeteries nationwide. Its mission involves supporting local teams to provide personalized deathcare experiences, aiming to destigmatize the industry with a blend of tradition and innovation.

As of July 2025, Everstory Partners employs around 1,500 individuals. The company manages 463 locations across the United States and Puerto Rico, serving over 65,000 families annually. This growth reflects its expanding market presence since operating 469 locations in 22 states and Puerto Rico by December 2023. For a deeper look at its market positioning, consider the Everstory Partners BCG Matrix.

Everstory Partners, originally established as StoneMor Inc. in 1999, transitioned from a publicly traded entity to a private company in 2022. While specific details about the initial founders and their equity stakes from 1999 are not extensively documented in public records, the company was a significant player in the deathcare industry.

Founding Year

Everstory Partners was established in 1999. It operated under the name StoneMor Inc. during its initial years.

Initial Public Offering

Prior to its privatization, the company was publicly traded. This provided a framework for early investment and ownership.

Privatization Event

In 2022, the company underwent a significant transition, becoming a private entity. This marked a shift in its ownership structure.

Early Ownership Details

Specific details regarding the founding individuals of StoneMor Inc. in 1999, including their initial equity splits or shareholding percentages, are not readily available in public sources.

Industry Position

Before its privatization, the company was recognized as the second-largest deathcare company by revenue in North America. This indicates a substantial operational scale from its early stages.

Early Backers and Investors

Information concerning early backers, angel investors, or friends and family who acquired stakes during the company's initial phase is not publicly detailed.

The publicly available information for Everstory Partners, formerly StoneMor Inc., does not provide specific details on early backers, angel investors, or friends and family who may have acquired stakes during its inception in 1999. Similarly, any initial ownership disputes, buyouts, or specific agreements like vesting schedules or buy-sell clauses from its founding period are not publicly detailed. The focus of available information tends to be on the company's structure following its significant ownership transition to private equity. Understanding the Competitors Landscape of Everstory Partners can provide context for its market position during these early years.

Key Aspects of Early Ownership

While the precise founding individuals and their initial ownership percentages are not publicly disclosed, the company's history as StoneMor Inc. highlights its early presence in the deathcare market.

• Established in 1999 as StoneMor Inc.
• Operated as a publicly traded company before 2022.
• Became a private company in 2022.
• Was the second-largest deathcare company by revenue in North America prior to privatization.
• Specific details on early investors and initial ownership agreements are not publicly available.

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The ownership of Everstory Partners, formerly StoneMor Inc., underwent a significant shift in November 2022 when it was acquired by Axar Capital Management, transitioning from a public to a private entity. This change was followed by a rebranding to Everstory Partners in April 2023, signaling a new direction focused on modernizing death care services.

Axar Capital Management stands as the primary owner and a key stakeholder in Everstory Partners, with Andrew Axelrod, Managing Partner of Axar Capital Management, holding the position of Chairman of the Board. This direct link underscores the influence of the private equity firm on the company's strategic direction and governance. Lilly Donohue serves as the President and Chief Executive Officer, leading the operational aspects of the business. The acquisition of 84 properties from Park Lawn Corporation on December 20, 2023, by a subsidiary of Everstory's parent company, further solidified its market presence. This expansion brought Everstory Partners' total locations to 469 across 22 states and Puerto Rico, comprising 72 cemeteries, 11 funeral homes, and one crematory. These strategic moves have facilitated substantial investments in technology and operational improvements, aiming to enhance service digitization and overall efficiency, aligning with the company's renewed commitment to modernizing the death care industry. The Growth Strategy of Everstory Partners is heavily influenced by these ownership changes and expansion efforts.

Key Stakeholders and Ownership Structure

Axar Capital Management is the principal owner of Everstory Partners, a privately held company since November 2022. The leadership team is headed by Lilly Donohue as President and CEO.

• Primary Owner: Axar Capital Management
• Chairman of the Board: Andrew Axelrod (Managing Partner of Axar Capital Management)
• President and CEO: Lilly Donohue
• Ownership Status: Private Company
• Recent Expansion: Acquired 84 properties in December 2023

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The current Board of Directors for Everstory Partners includes Andrew Axelrod, Chairman of the Board; Lilly Donohue, President and Chief Executive Officer; David J. Miller; Spencer E. Goldenberg; James T. Gillies; Grant Mitchell; and Larry Merington. Andrew Axelrod, as Managing Partner of Axar Capital Management, the private equity firm that owns Everstory Partners, directly represents the major shareholder's interests.

As a privately held entity, Everstory Partners' voting power is concentrated with its owner, Axar Capital Management. Unlike public companies, specific details regarding voting rights or share classes are not publicly disclosed. The board’s composition and strategic direction are aligned with the objectives of its private equity owner, focusing on operational enhancements and expansion initiatives. This structure is typical for privately owned companies, where governance is managed internally without public scrutiny of proxy contests or shareholder activism.

Understanding Everstory Partners' Ownership

Everstory Partners is a privately held company, with its ownership primarily vested in Axar Capital Management. This private equity ownership dictates the company's strategic direction and governance structure.

• Everstory Partners is not a public company.
• Axar Capital Management is the parent company.
• Andrew Axelrod, as Managing Partner of Axar Capital Management, chairs the board.
• The ownership structure is concentrated, typical for private equity-backed businesses.
• Understanding the Revenue Streams & Business Model of Everstory Partners provides further insight into its operations.

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Over the past three to five years, the ownership of Everstory Partners has seen significant shifts, most notably its transition to a private company in November 2022. This change followed its acquisition by Axar Capital Management, marking a new chapter focused on modernization and technological advancement within the death care industry.

The acquisition by Axar Capital Management established Everstory Partners as a private entity, allowing for strategic investments aimed at modernizing its operations and enhancing technological capabilities. This shift aligns with broader industry trends where private equity investment in the death care sector has been substantial, reaching an estimated $15 billion in 2024-2025. This growth is fueled by the sector's stable income, the demographic influence of the aging Baby Boomer generation, attractive profit margins, and a market ripe for consolidation due to retiring business owners.

Private Equity Investment Surge

Private equity investment in the death care sector reached approximately $15 billion in 2024-2025. This trend is driven by predictable revenue streams and demographic shifts.

Operational Expansion

In December 2023, Everstory Partners expanded its footprint to 469 locations across 22 states and Puerto Rico. This growth includes the acquisition of 84 properties from Park Lawn Corporation.

Technological Modernization

By 2024, nearly 400 cemetery locations were digitized, incorporating aerial drone mapping. Plans are in place to extend this digitization to its funeral homes in 2025.

Workplace Culture Recognition

Everstory Partners earned the 2025 Great Place To Work Certification. This award highlights the company's dedication to fostering a positive employee experience and strong workplace culture.

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