Houston-based death care co. buys another cemetery from company looking to cut costs

StoneMor Partners (NYSE: STON), based in the Philadelphia area, is selling a California cemetery to Houston-based Carriage Services Inc. (NYSE: CSV) for $33 million.

The deal for Oakmont Memorial Park & Mortuary in Lafayette, California, is expected to close in January.

“The business was founded in 1956 and serves the East Bay Area including Oakland and many communities in Contra Costa County, where we have a group of funeral chapels that offer strong collaboration synergies,” Mel Payne, chairman…