Lone Star Completes All-Cash Acquisition of Hillenbrand
February 10, 2026
An affiliate of Lone Star Funds completed an all-cash take-private acquisition of Hillenbrand, Inc. for an enterprise value of approximately $3.8 billion. Hillenbrand’s common stock ceased trading and will be delisted from the New York Stock Exchange, while the company will continue operating under the Hillenbrand name.
- Buyers
- Lone Star Funds, Lone Star Americas Acquisitions, Inc.
- Targets
- Hillenbrand, Inc.
- Sellers
- Group of shareholders (Hillenbrand shareholders)
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Lone Star Funds to Acquire ContiTech from Continental AG
July 6, 2026
Industrial Services
Lone Star Funds, through an affiliate of Lone Star Fund XIII, has entered into a definitive agreement to acquire ContiTech, the material solutions group of Continental AG, for €4.0 billion (plus performance-based components up to €250 million). The transaction is intended to position ContiTech as a standalone industrial company focused on further development of its platform and product suite.
-
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.
-
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.
-
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.
-
Hillenbrand Acquires Milacron Holdings Corp.
November 21, 2019
Manufacturing
Hillenbrand, Inc. completed the acquisition of Milacron Holdings Corp. in a cash-and-stock transaction valued at approximately $1.9 billion, with Milacron stockholders receiving cash and Hillenbrand shares. The deal expands Hillenbrand's scale and product portfolio in plastics processing and injection molding, with expected annualized cost synergies of about $50 million within three years.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.