LongRange Capital announces completion of Batesville acquisition. . . . retains Trainor as CEO
Earlier this week we received notice that LongRange Capital has completed the acquisition of Batesville. The transaction of purchasing the Batesville Company from public company Hillenbrand Industries was announced late in 2022 and apparently now has been completed.
In addition, the private equity firm announced in this press release that Batesville CEO Chris Trainor will be staying on and continuing as CEO of Batesville as the company goes private. Bob Berlin, Managing Partner at LongRange Capital said this about Trainor in a prepared statement, “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. 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.”
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.
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