Foundation Partners Group Secures Capital Commitment for Growth
Foundation Partners Group, LLC (FPG) announced today that it has secured a capital commitment to drive future growth and advances in the funeral industry.
“In the past two years, we have grown our business more than 50% through acquisitions and organic growth, while introducing many innovations to the funeral industry, such as our ShareLife® multi-sensory experience,” said Brad Rex, FPG President and CEO. “With new capital and our current team, we intend to accelerate that growth with additional acquisitions and continue to reinvent the funeral experience.”
FPG’s new chapter – expected to take effect in the coming months and subject to regulatory approval – represents a remarkable opportunity for FPG to build on the progress and enhance its mission to capture, acknowledge and share life’s purpose through unique, creative funeral events.
In the spirit of transformation, FPG has always sought visionaries who share its beliefs and vision for the future. New capital from the investment management firm Access Holdings will be used to facilitate new acquisitions as well as new customer focused initiatives and will also replace Sterling Partners, FPG’s existing capital provider. Access Holdings is deeply familiar with the funeral experience and the values at Foundation Partners, making them uniquely positioned to invest capital to propel it into the future.
FPG is a leading provider of end-of-life transition services, owning and operating 40 funeral homes and six cemeteries in 13 states, and is actively seeking to expand its services throughout the U.S. For more information, please visit the Foundation Partners Group website at http://www.foundationpartners.com.
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