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.”
-
Indianapolis organizations give food to families ahead of the holidays
The Bridge Indy gave out turkeys, hams, sides, and seasonings to around 300 families on Tuesday night. They will have four more food giveaways leading up to Thanksgiving.
Senate Minority Lead Greg Taylor addresses colleagues at Organization Day
Inside the chamber, it was business as usual during Organization Day. Outside, one organization advocated for lawmakers to change a criminal law.
Road Safety Audit highlights crashes at northeast Indy intersection
More than 90 crashes at the intersection of Binford Blvd and Kessler Blvd have city leaders searching for potential changes.
Racist flyers found scattered around Hamilton County
Numerous neighbors are taking action after dozens of racist flyers threatening deportation were found scattered across roads in Hamilton County.
