Texas-Based Private Equity Firm to Acquire Indiana Business
Hillenbrand Inc. has agreed to be acquired by Lone Star Funds in a $3.8 billion deal.
The company, headquartered in Batesville, Indiana, provides engineered processing equipment for markets including plastics, food, and recycling.
The acquisition, set at $32 per share, represents a 37% premium over Hillenbrand’s unaffected closing share price.
The deal is expected to close by Q1 2026, subject to shareholder and regulatory approvals, with the company's stock rising 4.8% on the announcement.
No statement from the company or Lone Star Funds regarding future plans or changes.
Hillenbrand Inc. is an industrial company with a significant presence in Indiana, and the acquisition by Dallas-based Lone Star Funds is valued at approximately $3.8 billion.
Author's summary: Hillenbrand Inc. to be acquired by Lone Star Funds.