(Batesville, IN) – An affiliate of Lone Star Funds has completed the previously announced acquisition of Hillenbrand, Inc. in an all-cash transaction with a total enterprise value of approximately $3.8 billion.
“With the close of this transaction, we now continue to build upon the momentum that is already underway and will execute our strategic plans with Lone Star,” said Kim Ryan, President and CEO of Hillenbrand. “We are focused on continuing to serve our customers and deliver growth together with Lone Star. I am grateful for the dedication of all our associates and remain confident in our ability to deliver differentiated, customer-centric solutions around the world.”
“We are thrilled to reach this milestone and look forward to partnering with Hillenbrand’s management team,” said Donald Quintin, Chief Executive Officer of Lone Star. “Hillenbrand is well-positioned to drive growth and innovation with our investment in the business.”
The transaction was announced on October 15, 2025, and approved by Hillenbrand’s shareholders at a special meeting on January 8, 2026.
With the completion of the acquisition, Hillenbrand’s common stock has ceased trading and will be delisted from the New York Stock Exchange.
The company will continue operating under the Hillenbrand name.
