ORLANDO, Fla., June 25, 2015 /PRNewswire/ -- Foundation Partners Group, LLC (FPG) announced today the completion of its sale to Access Holdings, a private investment management firm committed to forward-thinking growth and innovation. The acquisition by Access Holdings will accelerate Foundation Partners' ability to fund expansion through acquisition and reinvent the funeral industry.
"With new long-term capital, we look forward to acquiring funeral homes and cemeteries whose owners have a desire to be leaders in the industry," said Brad Rex, FPG President and CEO. "We have demonstrated that customers embrace our vision of the funeral experience, especially our ShareLife® multi-sensory room, and we look forward to spreading that experience across the country."
Access Holdings is investing significant additional capital in support of Brad and the entire FPG team to increase Foundation Partners' national footprint and fuel the pace of innovation, supporting the company's mission to capture, acknowledge and share life's purpose through unique and creative funeral memorialization.
"We believe Foundation Partners clearly leads the way in the funeral industry," Kevin McAllister, Managing Partner of Access Holdings, said. "We seek to partner with companies and exceptional management teams that demonstrate strong value propositions and unrealized growth potential. We are very familiar with the funeral industry and Foundation Partners, and recognize the tremendous opportunity to achieve long-term growth and success through this acquisition."
FPG is a leading provider of end-of-life transition services, owning and operating 38 funeral homes and six cemeteries in 13 states, and is actively seeking to expand its locations throughout the U.S. For more information, please visit the new Foundation Partners Group website at http://www.foundationpartners.com.
SOURCE Foundation Partners Group, LLC