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.”
-
Purdue launches new gaming engineering program in partnership with Xbox
Purdue University’s Indianapolis campus is launching a new Engineering program focused on Gaming and Interactive Systems in partnership with Xbox.
Clint Black, Midland to headline concert benefiting Indy first responders
The Indy Public Safety Foundation announced its annual Frontline fundraising event will return to downtown Indianapolis on Friday, Oct. 9.
12-year-old boy shot in the head in Logansport
A 12-year-old boy was shot in the head in Logansport early Monday morning, according to police. The child was airlifted to a trauma center for life-threatening injuries.
Colts Daniel Jones takes significant step in his way back from torn Achilles
Indianapolis Colts quarterback Daniel Jones was cleared to participate in seven-on-seven drills Monday.
