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.”
-
GM recalls pickups, SUVs because rear wheels can lock up, increasing crash risk
General Motors is recalling nearly 462,000 pickup trucks and big SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash.
1984: What’s in that briefcase? Barbara Boyd finds out
Working men walking the streets of downtown Indianapolis were frequently seen clutching briefcases of all kinds in 1984. WRTV's Barbara Boyd set out to find what they were carrying.
Jack Smith asks court to pause appeal of Trump's classified documents case
Special counsel Jack Smith asked a court Wednesday to pause prosecutors' appeal seeking to revive the classified documents case against President-elect Donald Trump.
Housing development for Indy's unhoused officially ready for move-in
Compass on Washington is a 36-unit permanent supportive housing development that will also offer services for mental health, addiction, and recovery.
