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's "most intense" haunted house to permanently close
Nightmare on Edgewood off Meridian Street is open this weekend from 7 p.m. until midnight. As long as you are in line by midnight, you will get to go through the house.
Zionsville aims to attract boutique hotel to ease shortage of hotel rooms
Officials hope a boutique hotel will preserve Zionsville’s small-town charm while expanding lodging options
Lost pet? Beware of scammers demanding cash for their safe return
A new scam is targeting lost pet owners, with scammers posing as local animal shelters or humane societies and calling owners, demanding they give money for their animal's safe return
Indianapolis woman allegedly served alcohol to minors at promoted parties
An Indianapolis woman is facing multiple charges after court documents say she used social media to advertise and operate illegal parties that served alcohol to minors on the east side.
