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.”
-
City pushes for more violence prevention efforts following deadly shooting
A 17-year-old is dead, and another teen is critically injured after a shooting Sunday afternoon on the city’s north side
IMPD Chief questions establishment security protocols after downtown shooting
The triple shooting was one of two that occurred in downtown Indianapolis over the weekend, according to the Indianapolis Metropolitan Police Department.
State lawmakers to start 2026 session early to begin redistricting talks
Senate President Pro Tem Rodric Bray and House Speaker Todd Huston said they will be holding the first two weeks of December (1-12) as the time frame for both chambers to reconvene.
Fired IU student paper adviser claims free speech violation in federal lawsuit
A faculty adviser for Indiana University's student newspaper filed a federal lawsuit Thursday, arguing his free speech and due process rights were violated when he was fired.
