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.”
-
Indiana State Police pursuit ends with fatal crash on Indy's east side
Indiana State Police are investigating a police pursuit that ended with a fatal crash at the intersection of Mitthoefer Road and Washington Street in Indianapolis Monday evening.
56th Street to close on east side of Pendleton Pike in Lawrence
INDOT will close the east approach of 56th Street at Pendleton Pike in Lawrence for up to 45 days on April 15 to reconstruct the roadway as part of a broader infrastructure improvement plan.
Parents concerned over violence in Perry Township after razor blade incident
Parents concerned about violence, bullying at Perry Township Schools after razor blade incident Thursday.
Project DeterMAN aims to create a supportive community for men in Indianapolis
Project DeterMAN aims to create a safe space where men can gather, share experiences, and assist one another in overcoming life's challenges.
