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.”
-
Brownsburg day care employee faces 43 counts of child molest, exploitation
Main Street University 4 Kidz, a Brownsburg daycare, has been shut down following the arrest of a former employee who was arrested for serious charges of child molestation.
30 years after 8 Points 9 Seconds, Pacers fans see same spark in Haliburton
Tuesday marks the 30th anniversary of the Pacers remarkable comeback win against the New York Knicks. Fans reflect on 30 years and the team's success under Tyrese Haliburton
Tariffs are leaving small businesses uncertain about the future
Up to 145% tariffs on Chinese goods went into effect last month. Those tariffs have local small business owners concerned.
Friendship drives race day success at IMS
On the ninth floor of the Pagoda at Indianapolis Motor Speedway is Pagoda Command. Two lifelong friends work together to ensure the greatest spectacle in racing goes out without a hitch.
