About: jvanhorn

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…

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…

FSI Exclusive: Company Plans to Buy 23 Funeral Homes, 5 Cemeteries A newly formed company, Foundation Partners Group, plans to buy 23 funeral homes and five cemeteries that were put up for sale as a result of a merger between Service Corporation International and Keystone North America, according to multiple sources. Three key executives formerly…