Lone Star Completes Acquisition of Hillenbrand
February 10, 2026
An affiliate of Lone Star Funds completed the previously announced all-cash acquisition of Hillenbrand in a deal valued at approximately $3.8 billion (about $32 per share). Hillenbrand’s common stock ceased trading and the company will operate under the Hillenbrand name as a privately held company.
- Buyers
- Lone Star Funds, Lone Star Americas Acquisitions, Inc.
- Targets
- Hillenbrand, Inc.
- Sellers
- Hillenbrand shareholders (group of shareholders)
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Astec Industries Acquires Minority Stake in TerraSource Holdings from Hillenbrand
July 1, 2025
Manufacturing
Astec Industries has acquired Hillenbrand’s minority stake in TerraSource Holdings in a transaction valued at approximately $245 million. Hillenbrand received about $115 million from the sale, which it will use to pay down debt; the divestiture was completed July 1, 2025.
-
Hillenbrand Completes Acquisition of LINXIS Group
October 6, 2022
Industrial Services
Hillenbrand, Inc. completed its acquisition of LINXIS Group from an affiliate of IK Partners (IK VIII Fund) and additional sellers for total aggregate consideration of €596.2 million (enterprise value of ~€572 million plus cash acquired). The deal combines LINXIS’ ingredient automation and processing technologies with Hillenbrand’s food processing capabilities to deliver more comprehensive solutions and services for customers.
-
Lone Star Funds Acquires SPX FLOW (SPX FLOW acquisition)
April 5, 2022
Industrial Services
SPX FLOW agreed to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $3.8 billion (including assumed debt). The deal successfully closed in April 2022, and SPX FLOW became privately held with its NYSE listing discontinued.
-
Lone Star Affiliate Acquires Titan Acquisition Holdings from Carlyle and Stellex
June 29, 2023
Industrial Services
An affiliate of Lone Star Funds has completed the acquisition of Titan Acquisition Holdings — the parent of Vigor Industrial LLC, MHI Holdings LLC and Continental Maritime of San Diego — from funds managed by The Carlyle Group and Stellex Capital Management. The transaction, first announced in February 2023, closed in mid-June 2023; financial terms were not disclosed. Titan is a bi-coastal leader in ship repair, marine and heavy fabrication serving U.S. government and commercial maritime customers.
-
Right Lane Industries Acquires Majority Stake in TerraSource Global from Hillenbrand
October 25, 2021
Manufacturing
Hillenbrand completed the divestiture of its TerraSource Global business, contributing the business to newly formed TerraSource Holdings, LLC. Affiliated companies of Right Lane Industries (RLI) obtained majority ownership and operational control while Hillenbrand received a five‑year note with initial principal of $25.6 million and retained an indirect 49% ownership interest in the new Holdings entity.
-
Journey Financial Group, Inc. to Acquire Lone Star Bank
March 9, 2026
Financial Services
Journey Financial Group, Inc. has signed a definitive agreement to acquire Lone Star Bank. The deal is approved by both boards and is expected to close in late second quarter or early third quarter of 2026, subject to customary closing conditions, including Lone Star shareholder approval and bank regulatory approvals.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.