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.”
-
Funeral homes concerned tariffs could drive up costs
Laying a loved one to rest takes a toll on a family and now that process could be more expensive for Hoosier families.
Court rules ex-IPS student incompetent to stand trial in alleged teacher assault
A Marion County judge issued an order Wednesday finding a former IPS student incompetent to stand trial for the alleged battery of a special education teacher.
Bartholomew County prepares for potential flooding following severe weather
All of Indiana — including the southern part of the state — is bracing for flooding in addition to the severe storms.
Man fatally shot on Indy's near northwest side
A person was fatally shot on the near northwest side of Indianapolis on Wednesday, according to police.
