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.”
-
Bryson Tiller's "The Neo Trapsoul" tour includes stop at Ruoff Music Center
You 'Don't' want to miss this one. Bryson Tiller announced he will bring the "Neo TrapSoul" tour to Ruoff Music Center on October 2.
Terrific Tuesday, warmer and more humid by the end of the week
Beautiful conditions throughout the day today. Very quiet weather pattern in place through the rest of the week with no rain chances in the forecast until the weekend.
Beech Grove considers proposal for outdoor drinking area
The Beech Grove Common Council is considering a proposal to allow adults 21 and older to consume alcohol in designated public spaces along Main Street from Eighth Street to Emerson Avenue.
Crooked Stick Golf Club hosts Dye Junior Invitational
Some of the best junior golfers in the world travelled to Crooked Stick Golf Club in Carmel this week for the Pete and Alice Dye Junior Invitational.
