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 from LongRange 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.”
-
AES Indiana seeks public input on coal ash contamination corrective measures
Groundwater monitoring results of the Harding Street Station's Ash Pond System found levels of arsenic, lithium and molybdenum above groundwater protection standards.
Program trains future teachers at Alexandria-Monroe High School
A pre-apprenticeship program in Alexandria Community School Corporation is helping high school students get a head start on becoming teachers, while also addressing the nationwide teacher shortage.
Fever stays alive in playoffs with 77-60 Game 2 rout over Dream
The Fever hosted their first playoff game since 2016 and fed off the energy of another sellout crowd to earn their first postseason win since Oct. 11, 2015, when they beat the Minnesota Lynx 75-69.
Independent Indiana pushes to put more nonpartisan candidates on ballots
Independent Indiana is working to turn down the temperature on political disagreement by getting more independent candidates on the ballot, its leaders say.
