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.”
-
Construction to cause lane closures on I-70 eastbound in downtown Indianapolis
Starting Tuesday evening, lane closures will impact I-70 eastbound in downtown Indianapolis, INDOT announced.
Body found inside van pulled from retention pond in Speedway
A body was discovered inside a van pulled from a retention pond Tuesday morning in Speedway, police confirmed.
Former Ben Davis High School custodian sues district, claims coworker raped her
A woman has filed a lawsuit against the Metropolitan School District of Wayne Township, claiming the district took no action when she reported being sexually assaulted by another custodian.
IMPD seeks public's help in locating missing 16-year-old
The Indianapolis Metropolitan Police Department is asking for the community's help in locating a missing 16-year-old boy.
