NEWS

Latest Acquisition Builds FPG’s Growing Portfolio of Cremation Operations Orlando, FL –

Foundation Partners Group (FPG), a leading provider of innovative funeral, cemetery and cremation experiences and products, has announced the acquisition of the Cremation Society of Minnesota and First Memorial Funeral Chapel.

Orlando, FL – Foundation Partners Group (FPG), a leading provider of innovative funeral, cemetery and cremation experiences and products, has announced the acquisition of Schneider-Michaelis Funeral Home in Jefferson, Wisconsin.

Altamont Capital Partners, Makena Capital Management and Access Holdings committed capital to Kuvare Holdings. Based in Chicago, Kuvare is a growth-oriented platform for investing in insurance companies.

CHICAGO–(BUSINESS WIRE)–Kuvare Holdings, a growth-oriented insurance platform, is proud to announce the backing of investors Altamont Capital Partners, Makena Capital Management and Access Holdings, a group that collectively manages more than $20 billion of capital on behalf of stable, long-term oriented investors. Kuvare will deliver diversified annuities, life insurance, and supplemental products to the middle-income and mass-affluent consumer segments through its acquisition-led growth strategy.

Chicago – October 7, 2016. Kuvare Holdings LP (“Kuvare” or “The Company”), a growth-oriented insurance platform, is pleased to announce the completion of its purchase of Guaranty Income Life Insurance Company (“GILICO”) and, separately, the establishment of a new reinsurer, Kuvare Life Re Ltd. (“KLR”), and execution of a closed-block reinsurance transaction with a highly rated insurance company.

Since Access Holdings, a private investment firm became Foundation Partners Group’s new financial backer a year ago, the company now has “significant new, long-term capital to make acquisitions and grow our business.”

Baton Rouge-based Guaranty Income Life Insurance Co. is being acquired by Kuvare US Holdings Inc. for an undisclosed price. The deal, which is subject to approval from the Louisiana Department of Insurance, is set to close in several months. GILICO will remain based in Baton Rouge, along with its management team and staff, and the company name and organizational structure will remain the same, Kuvare said. GILICO, founded in 1926, is licensed to do business in 31 states, marketing individual fixed annuities and universal life products. It has about 20 employees.

ORLANDO, Fla.– 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.