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Foundation Partners Group Plans to Add Funeral Homes to its Network

Former Keystone North America executives Steve Schaffer and Jim Price founded the funeral home consolidator, which is backed by Sterling Partners, a private equity firm. “We have plenty of dry powder,” says Schaffer, Foundation Partners Group’s president chief executive officer. “If a large deal came to the table, we might have the ability to upsize…
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Foundation Partners Group Expands into 13 States with the Closing of Its Inaugural Transaction

Foundation Partners Group (“Foundation Partners”), a national funeral home and cemetery operator, announced today the closing of its inaugural transaction, which will expand the Company’s operations to 13 states.  As part of the transaction, Foundation Partners will now operate 22 funeral homes and five cemeteries previously affiliated with Service Corporation International (“SCI”). These properties were…
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