LongRange Capital to Acquire Batesville Casket Company from Hillenbrand
Summary
STAMFORD, Conn.--(BUSINESS WIRE)--LongRange Capital (“LongRange”), a private investment firm with a longer-term orientation to building and growing middle market businesses, announced that it has entered into a definitive agreement to acquire Batesville Casket Company (“Batesville”), a leading provider of quality death care products and services as well as innovative technology solutions. Founded in 1884, Batesville has a long track record of creating and delivering quality funeral products and solutions. The company offers a wide selection of burial and cremation products, keepsakes, and business and technology solutions that serve the needs of families and licensed funeral professionals across North America. Founded in 2019, LongRange Capital was formed to take a longer-term approach to investing and building middle market businesses through a company-focused and customer-first philosophy. LongRange is currently investing a highly flexible, committed capital pool backed by long-term institutional holders.