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LongRange Capital has successfully completed its acquisition of Batesville Services from Hillenbrand (NYSE: HI). Batesville, a century-old leader in death care products and services in North America, provides vital solutions for funeral professionals and families. Chris Trainor continues as CEO, emphasizing the company's commitment to innovation and growth. LongRange aims to foster expansion and enhance Batesville's service offerings, signaling a potential strengthening of the brand's market position. The acquisition reflects LongRange's strategy of building middle market businesses with long-term value in focus.
Positive
LongRange Capital has acquired Batesville Services, enhancing its portfolio in the death care industry.
Batesville's established market presence could lead to increased revenue opportunities post-acquisition.
Continued leadership by CEO Chris Trainor suggests stability and a focus on growth and innovation.
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None.
STAMFORD, Conn. & BATESVILLE, Ind.--(BUSINESS WIRE)--
LongRange Capital (“LongRange”), a private investment firm focused on building and growing middle market businesses over the long-term, has completed its acquisition of Batesville Services (“Batesville”), a leading provider of quality death care products and services as well as innovative technology solutions, from Hillenbrand, Inc. (NYSE: HI).
The company, headquartered in Batesville, Indiana, has been a leader in the industry for more than a century, and offers a wide selection of burial and cremation products, keepsakes, and technology solutions that support the needs of licensed funeral professionals and families across North America. Chris Trainor will continue to lead Batesville as CEO, having served as its President since 2015.
“We are excited to close on our acquisition of Batesville and look forward to partnering with Batesville’s talented associates and management team led by Chris to support and grow the business well into the future,” said Bob Berlin, Managing Partner at LongRange. “Chris is a seasoned executive and we’re confident that our partnership will enable Batesville to thrive, expand its service offerings, and build on its strong legacy.”
“I’m excited to continue leading Batesville as we begin our next chapter as a standalone business and with the support of LongRange to execute on our mission of helping families honor the lives of those they love,” said Chris Trainor, CEO of Batesville. “I look forward to expanding our capabilities, accelerating our growth, and delivering innovative products and solutions to our customers.”
About Batesville
Batesville (www.batesville.com) is a recognized leader in the North American death care industry, offering a comprehensive portfolio of burial and cremation products, memorialization options and innovative technology solutions. For more than a century, Batesville has supported licensed funeral professionals in helping families honor the lives of those they love.® A history of manufacturing excellence, product innovation, superior customer service and reliable delivery helped Batesville become – and remain – an industry leader.
About LongRange Capital
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. The firm’s investment professionals have a long track record of demonstrated success and collectively bring 50+ years of investing experience. LongRange is currently investing a highly flexible, committed capital pool backed by long-term institutional holders. For more information, please visit www.longrangepartners.com.
