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.”
-
Indianapolis neighborhood uses tactical urbanism to slow speeding drivers
A neighborhood on Indianapolis' east side is taking traffic safety into its own hands by partnering with the city to install temporary traffic calming measures.
Columbus residents raise $50K to save artistic arch over downtown
Landmark Columbus announced it met its $50,000 fundraising goal for InterOculus, the canopy which first covered 4th and Washington streets for the Exhibit Columbus architectural showcase.
Soybean market brightens as China resumes buying U.S. beans
China has agreed to resume purchases of U.S. soybeans, Agriculture Secretary Brooke Rollins said Thursday during a visit to a family farm.
Local residents, businesses see opportunity as Versa opens doors in Broad Ripple
A new luxury apartment community has opened its doors in Broad Ripple, bringing opportunities and excitement for local businesses and residents
