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