Keystone Execs Form New Company?

April 29, 2010
Advertisement

image It seems that the funeral home/cemetery acquisiton market has a new player. What was speculated for months is moving closer to fruition as three former top executives at Keystone North America have formed a new company and are moving forward with the acquisition of the properties the Federal Trade Commission last month ordered divested by Service Corporation International in order to complete the company?s acquisition of Keystone.

The company, Foundation Partners Group, will be headed by Steve Shaffer, who is president and chief executive officer. Shaffer was previously chief financial officer at Keystone. Jim Price, who co-founded Keystone in 1996 and was the company?s chief operating officer, is Foundation Partner?s executive vice president and chief operating officer; and Chris Thomley, who has served as Keystone?s chief accounting officer since 2005, becomes chief financial officer.

When reached for comment, Price said that the company has signed an agreement with SCI to acquire the properties mandated for divestiture. ?Any further details would not be appropriate at this point,? he added. Price anticipates going through a review process with the FTC over the next several weeks, and if all goes favorably and according to schedule, the deal should become final in approximately 60 days.

Advertisement

Look for more details in this week?s Memorial Business Journal and for an exclusive interview with the Foundation Partners Group in an upcoming issue.

Source: Memorial Business Journal

CDFuneralNews

CDFuneralNews

ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com we have created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
CDFuneralNews
Advertisement

You may be interested

Homesteaders: A Deep Dive | FUNERAL hustle 012
FUNERAL Hustle
334 views
FUNERAL Hustle
334 views

Homesteaders: A Deep Dive | FUNERAL hustle 012

CDFuneralNews - September 14, 2017

Ryan heads to Homesteaders Life Company HQ to discuss their future partnership with Homesteaders and why and how this partnership…

FrontRunner Professional Announces Ultimate ‘DIY’ Funeral Home Website Platform
Funeral Industry Press Releases
132 views
Funeral Industry Press Releases
132 views

FrontRunner Professional Announces Ultimate ‘DIY’ Funeral Home Website Platform

CDFuneralNews - September 14, 2017

Today FrontRunner Professional announced the release of it’s brand new website platform, marking a major change for the entire death…

Matthews Aurora Funeral Solutions Shares Integration Update
Funeral Industry Press Releases
78 views
Funeral Industry Press Releases
78 views

Matthews Aurora Funeral Solutions Shares Integration Update

CDFuneralNews - September 14, 2017

PITTSBURGH, PA -- Matthews Aurora Funeral Solutions today announced an update of key activities for its ongoing integration of Aurora…

Comments