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.”
-
Indy man arrested for robbing 3 men putting up siding on a home at gunpoint
Police have arrested a man accused of robbing three men at gunpoint on Saturday as they put up siding on a home.
'Have a seat': Ex-daycare worker charged with abusing 3-year-old
A former daycare worker is criminally charged with two felonies for allegedly abusing a 3-year-old child in her care.
Indy Pride’s FROST series promises to brighten the winter months
Indy Pride's winter series, FROST, returns for its second season with social events held throughout the winter months.
IU Health program helps new mothers as Indiana ranks low in prenatal care
WeCare is a needs-based program that is giving new mothers free in-person visits with a coach to watch their health and the baby's.
