INDIANAPOLIS — Batesville Casket Company is being sold.
The company, which is a leading provider of products and services surrounding death care, is being purchased by LongRange Capital, a private investment firm in a deal valued at $761.5 million.
According to a release fromLongRange Capital, the purchase of Batesville is expected to close in the first quarter of 2023.
“As longer-term oriented investors with an operational focus and significant carve-out experience, we look forward to partnering with the Batesville management team and its dedicated associates in further supporting the business for many years to come,” Bob Berlin, Managing Partner at LongRange, said. “We are greatly appreciative of Batesville’s long and successful operating history as part of Hillenbrand and we look forward to working closely to execute a seamless transition.”
“Batesville is a strong business with passionate associates who are committed to our customers and our mission of helping families honor the lives of those they love,” said Chris Trainor, President of Batesville. “We are excited to mark this important milestone for Batesville, and to work closely with LongRange as we position the business for its next chapter.”
-
Rob Gronkowski named Grand Marshal of Indy 500 Snake Pit
Four-time Super Bowl champion Rob "Gronk" Gronkowski is has been tapped to be the grand marshal of the Indy 500 Coors Light Snake Pit on Wednesday.
Driver killed in US 31 fatal crash identified
The Hamilton County Coroner has identified the driver of the deadly crash that closed a part of US 31 for several hours on Wednesday.
Three shot, two in critical condition on eastside of Indianapolis
Two people are in critical condition, and another is in stable condition following a shooting on the east side Wednesday afternoon, said the Indianapolis Metropolitan Police.
Indiana State Police solve 53-year-old murder case
The Indiana State Police Cold Case Unit has identified the killer in the murder of the 1972 killing of 26-year-old Phyllis Bailer.
