Foundation Partners enters high cremation state of Nevada with latest acquisition
ORLANDO, Fla. – August 6, 2021 – Foundation Partners Group, a leading provider of innovative funeral and cemetery experiences and products, today announced the acquisition of Kraft Sussman Funeral & Cremation Services in Las Vegas, Nevada. The acquisition is the first for Foundation Partners in the State of Nevada, where the cremation rate is among the highest in the country.
“Kraft Sussman is ahead of the curve in a number of areas,” said Tom Kominsky, Foundation Partners Group chief financial officer. “They recognized early on that consumer preferences have been shifting toward cremation and, like Foundation Partners, they have embraced this change.”
Former owners, Wendy Kraft and Laura Sussman, teamed up in 2009 to open Kraft Sussman Funeral & Cremation Services with the belief that existing firms were not meeting the needs of their community. “We saw how other funeral homes operated and knew we could do better, so we built a better model,” Kraft said.
When it came time to plan for the future of their business, Kraft and Sussman looked for a partner that understands the cremation market as well as they do. “Southern Nevada is one of the largest cremation markets in the country, and Foundation Partners really understands cremation,” said Sussman. “They came to the partnership knowing what makes us successful and they are excited to continue our work; that made us comfortable from the very beginning.”
Going forward, Kraft and Sussman will continue to manage the business, and are excited to free up some of their time by handing off back-office administrative duties to the Foundation Partners team. “We look forward to taking a step back in some areas and carving out more time to spend with families and our community,” Kraft said.
About Foundation Partners Group: Orlando, Florida-based Foundation Partners Group is one of the industry’s most innovative providers of funeral services. The company owns and operates a network of more than 170 funeral homes, cremation centers and cemeteries across 20 states. Our organizational structure allows us to embrace and grow the legacies of the local funeral homes we acquire while leveraging the economies of scale, deep understanding of technology, and our ShareLife® customer experience-centered approach to deliver truly innovative and compassionate care to the families we serve. Visit www.foundationpartners.com to learn more.
