LongRange Capital, a private equity firm based in Stamford, Conn., has purchased Batesville Casket Co., an after-life products and funeral services company, from Hillenbrand Inc.
Founded in 1884, Batesville offers funeral products and services including burial and cremation products, keepsakes and business and technology services for families and licensed funeral professionals across North America.
“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,” states Bob Berlin, managing partner at LongRange.
Credit Suisse served as financial advisor to LongRange and TD Securities also served as financial advisor on the transaction. Greenberg Traurig LLP acted as legal counsel to LongRange. Debt financing for the transaction is being led by TD Securities, who is acting as joint arranger, joint bookrunner and administrative Agent, along with joint arrangers and joint bookrunners JPMorgan Chase Bank and KeyBanc Capital Markets.