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New Deal


Announced

Completed

LongRange Capital completed the acquisition of Batesville Casket Company from Hillenbrand for $762m.

Financials

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Transaction Value£615m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Majority

Private Equity

Funeral Parlors and Cemetery

Single Bidder

Domestic

funeral services

Private

Friendly

Completed

Synopsis

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LongRange Capital, a private equity firm, completed the acquisition of Batesville Casket Company, a provider of quality deathcare products and services as well as innovative technology solutions, from Hillenbrand, a global industrial company, for $762m. "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. 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," Bob Berlin, LongRange Managing Partner.

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