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.”
-
Rezoning application submitted for Martindale-Brightwood data center
A proposed data center in Indianapolis' Martindale-Brightwood neighborhood has taken another step forward, despite strong community opposition.
SoBro residents push for permanent safety fixes at E 52nd St and Monon Trail
SoBro residents are asking the city to make permanent changes after a tactical urbanism project at the intersection of 52nd Street and the Monon Trail revealed a number of safety improvements
Forensic and DNA analysis confirms identity of Fox Hollow Farm victim
Human remains discovered nearly 30 years ago at Fox Hollow Farm in Westfield, Indiana, have been positively identified as those of Roger Goodlet, the Hamilton County Coroner announced on Tuesday.
First American Nuclear “closed-fuel cycle” Nuclear Energy Park in the U.S.
First American Nuclear, a company that specializes in nuclear energy, announced plans to establish its headquarters in Indiana on Tuesday, projecting to bring thousands of jobs to the Hoosier State.
