Tag: Foundation Partners Group

Finance

Foundation Partners Group announces new acquisition, record growth

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In this press release from last week, Foundation Partners Group (FPG) announced a new acquisition and also gave some indication of its growth over the past couple of years. Foundation Partners Group is the privately owned death care consolidator based in Orlando, Florida, that appears to set its acquisition sights on cremation heavy firms.  FPG is owned by Access Partners of Baltimore, Maryland. In the press release the company announces the acquisition of Baldwin Brothers Funeral and Cremation Society of […]

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Business Cremation

Foundation Partners Group fuels growth through cremation

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Recently Foundation Partners Group (FGP) issued this press release pertaining to an article which focused on their business and their business growth.  It was pointed out that Orlando-based FGP, companywide, is approaching a 90% cremation rate in a death care world where the overall cremation rate (in the United States) is close to approaching 60%.  In essence, Foundation Partners Group locations have a heavy cremation mix in their business. According to Chief Financial Officer Thomas Kominsky, quoted in the press […]

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Afternoon Edition

Funeral Director Daily top read stories in the last month

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It is already past the 15th of the month when we highlight and replay for you our top read stories of the past 30 days.  While we hope you read all of Funeral Director Daily’s blog posts we also realize you are busy and certainly will miss some days.  Here are our most read posts from July 15 to August 15. In addition to the stories we wanted to thank our readership for giving us our highest total in history […]

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Finance

Foundation Partners enters Las Vegas market

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It was announced in this press release that Foundation Partners Group, the Orlando, Florida, based funeral home and cemetery consolidator and operator, has acquired Kraft Sussman Funeral & Cremation Services of Las Vegas, Nevada.  The press release notes that this is Foundation Partners Group’s (FPG) first acquisition in Nevada. . . .the state with America’s highest cremation percentage rate. Tom Kominsky, CFO of Foundation Partners Group, said this of the acquisition, “Kraft Sussman is ahead of the curve in a […]

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Finance

Foundation Partners Group adds Farley Funeral Homes and Crematory

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It was announced last week in this press release that Foundation Partners Group (FPG), based in Orlando, Florida, added another Florida location to its footprint in that state.  It was announced that the Farley Funeral Homes and Crematory would be acquired by Foundation Partners Group giving the cremation heavy consolidator 35 locations in the state of Florida and 166 locations nationwide. Farley Funeral Homes and Crematory operate in Venice and North Port, Florida. According to the press release “The Farley […]

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Finance

Foundation Partners adds to growing Colorado number of facilities

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Earlier this week Foundation Partners Group (FPG) announced that they have increased their location count to 12 in the state of Colorado by purchasing the entities affiliated with Seitz Funeral Services.  In the press release which you can read here, Foundation Partners Group announced that the Seitz Funeral Services group includes Adamson Life Celebration Home, Northern Colorado Crematory, Viegut Funeral Home, and Best Friends Pet Crematory. John Seitz has served as a funeral service professional for 20 years and in […]

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Finance

Foundation Partners keeps acquisition train rolling along

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Only about ten days removed from announcing the acquisition of a funeral home in northeast Minnesota, Foundation Partners Group made another announcement at the end of last week.  The press release goes on to say that Foundation Partners Group, the private equity backed funeral home and cemetery consolidator and operator, has reached an agreement to acquire The Springs Funeral Services of Colorado Springs, Colorado. The announcement goes on to say that with these two new locations, Foundation Partners will now […]

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Finance

Foundation Partners Group adds to Minnesota locations

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It was announced last week in this press release that Orlando, Florida based Foundation Partners Group has acquired the Atkins-Northland Funeral Home & Cremation Service located in Cloquet, Minnesota.  According to the press release, this addition brings the Foundation Partner Group count in Minnesota to six locations. Again, according to the release, the acquired funeral home began in 1936 as the Northland Cooperative Burial Association and operated as an association until taken private in 2009 by Bob and Karen Atkins.  […]

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Finance

Foundation Partners adds Washington state acquisition

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Foundation Partners Group (FPG), the privately held death care consolidator with headquarters in Orlando, Florida, announced earlier this week an acquisition to add to their 160 plus facilities. In this press release you can read that FPG acquired the Klontz Funeral Home and Cremation Services company based in Auburn, Washington.  According to the press release, this will give FPG 11 locations in the state of Washington.  Here is a United States map showing Foundation Partners locations. According to the press […]

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Finance

Access Holdings raises $630 million for investment expansions

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We learned last week, and you can read more in in an article found on this page from Access Holdings, that the Baltimore based investment firm had secured $630 million in credit facilities to assist it as it goes forward in building out its platform of companies. As you may know, Access Holdings is the mid-market investment firm that is supporting the “buy and build” approach of Orlando based death care company Foundation Partners Group (FGP). According to the press […]

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