Saw Mill Capital Announces Partnership with Fidelity Memorial Group
Briarcliff Manor, NY – March 9, 2026. Saw Mill Capital Partners III, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC (“Saw Mill”) are pleased to announce their recent partnership with Fidelity Memorial Group (“FMG” or the “Company”), a leading regional consolidator in the deathcare services market. The terms of the transaction have not been disclosed. Saw Mill’s partnership with FMG represents the fourth investment in Saw Mill Capital Partners III, LP.
Headquartered in Savannah, GA, FMG operates a portfolio of over 50 funeral homes and cemeteries across the Southeast and Midwest with a comprehensive range of services including traditional burial, cremation, pre-need arrangements, and cemetery operations. The Company has built a strong regional presence through a disciplined acquisition program and thoughtful approach to integration and organic growth, while preserving the local heritage and community trust of each brand it acquires.
Kyle Nikola, Founder and President of Fidelity Memorial Group, commented, “We are excited to partner with Saw Mill and leverage their proven expertise in growing service-based businesses and unique in-house research capabilities. We’ve spent several years building Fidelity based on compassion for the families we serve and trust from the local community, and as we look toward the future, we want to ensure that legacy continues. Partnering with Saw Mill allows us to better support funeral home owners who are ready to retire, giving them the peace of mind that their life’s work – and the communities they love – will remain in steady, caring hands. Most importantly, Saw Mill shares our commitment to preserving local legacies and the quiet, essential service that families rely on when it matters most.”
Dan Gregg, a Principal and Deal Team Leader at Saw Mill Capital, added, “We are thrilled to partner with Kyle and the entire Fidelity Memorial Group team as they enter this exciting next chapter of growth. The Company has built an exceptional platform with strong market positions in its core markets and a proven track record of successful integrations. FMG’s thoughtful approach to building market density, disciplined growth approach, and commitment to maintaining the local heritage and community trust of each brand position the business to capitalize on significant growth opportunities ahead. We look forward to supporting the team in achieving their strategic vision.”
About Fidelity Memorial Group
Headquartered in Savannah, GA, Fidelity Memorial Group is a leading regional consolidator providing funeral and cemetery services to families across the Southeast and Midwest. The Company operates a portfolio of over 50 funeral homes and cemeteries, offering a comprehensive range of services including traditional burial, cremation, pre-need arrangements, and cemetery operations. FMG is actively pursuing add-on acquisitions to expand its footprint and market density. For more information, visit www.fidelitymemorialgroup.com.
About Saw Mill Capital
Based in Briarcliff Manor, NY, Saw Mill Capital is a private equity firm with a 25-year track record of partnering with founders and management teams in the lower middle market to help successful businesses reach their full potential. Saw Mill invests in industrial, professional and consumer services, manufacturing, and distribution businesses with enterprise values of $25 million to $200 million. Saw Mill is committed to driving growth in its portfolio companies through organic initiatives and strategic acquisitions. For more information, visit www.sawmillcapital.com.