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.”
-
Indy nonprofit highlights suicide prevention, recovery month with free programs
Recovery Café Indy is offering special programming throughout the month to support individuals impacted by substance use, mental health challenges, incarceration and other life struggles.
Drew Brees returns to Purdue for the school's 25-year Rose Bowl reunion
Drew Brees returned to Purdue's campus Saturday to celebrate his greatest college feat, and, as with the team he led 25 years ago, he had plenty of friends giving an assist.
Clergy unite in Indianapolis to support communities in crisis
National civil rights leader Bishop William Barber joins Indiana clergy to confront poverty, injustice and strengthen support for struggling communities.
Avon and Brownsburg face off in rivalry game of the year
Brownsburg defeated Avon 55‑47 in their showdown, but for both sides, the game was about more than just the final score — it was about community, pride and tradition.
