Hillenbrand to be acquired by Lone Star for $32.00 per share, or ~$3.8B

Hillenbrand (HI) announced that it has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $32.00 per share, equating to an enterprise value of approximately $3.8B. The purchase price represents a premium of approximately 37% over Hillenbrand’s unaffected closing share price1 on August 12, 2025, and a premium of 53% over the volume weighted average price of Hillenbrand common stock for the 90 days ending August 12, 2025. The Hillenbrand Board of Directors unanimously approved the transaction. This agreement comes following the Hillenbrand Board of Directors’ review of several strategic alternatives for the company. The transaction is expected to close by the end of the first quarter of calendar year 2026 and is subject to customary closing conditions, including approval by Hillenbrand shareholders and receipt of required regulatory approvals. Upon completion of the transaction, Hillenbrand will become a privately held company, and Hillenbrand’s shares will no longer trade on the New York Stock Exchange. As a result of this announcement, for its fourth quarter and fiscal year 2025 earnings announcement scheduled for November 19, 2025, Hillenbrand will issue a press release but will not hold a conference call and webcast. In addition, Hillenbrand will not issue financial guidance for fiscal year 2026.