Lone Star Takes Hillenbrand Private in Completed Acquisition
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Hillenbrand ( (HI) ) has issued an announcement.
On February 10, 2026, an affiliate of Lone Star Funds completed its previously announced all-cash acquisition of Hillenbrand, Inc., in a deal valuing the industrial equipment maker at about $3.8 billion. The transaction, first unveiled on October 15, 2025 and approved by shareholders on January 8, 2026, takes Hillenbrand private and is expected to support growth and innovation through Lone Star’s financial backing.
In connection with the closing, Hillenbrand shareholders received $32.00 in cash per share, its common stock ceased trading and will be delisted from the New York Stock Exchange, and the company will suspend SEC reporting once deregistration is complete. The merger triggered a comprehensive refinancing: new senior secured term loans, revolving credit and letter-of-credit facilities were put in place, $500 million of senior secured notes were issued at 7.125% due 2033, and existing credit facilities were repaid and terminated.
Hillenbrand also conducted change-of-control tender offers that led to the repurchase of significant portions of its 2029 and 2031 senior notes, while new guarantees and first-priority liens were added to secure both parent and company-level debt. Governance was reset as ten board members resigned at closing, with CEO Kim Ryan installed as the sole director, and the company’s charter and bylaws were fully amended and restated, underscoring its transition to private equity ownership under Lone Star.
The most recent analyst rating on (HI) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on Hillenbrand stock, see the HI Stock Forecast page.
Spark’s Take on HI Stock
According to Spark, TipRanks’ AI Analyst, HI is a Neutral.
The score is driven primarily by mixed fundamentals—weak cash flow and declining revenue/low margins, partly balanced by manageable leverage. Technicals are supportive with price above key moving averages and a positive MACD. Valuation is a headwind due to a high P/E, while corporate events provide upside optionality from the approved all-cash acquisition, tempered by litigation-related deal risk.
To see Spark’s full report on HI stock, click here.
More about Hillenbrand
Hillenbrand, Inc. is a global industrial company that provides highly engineered, mission-critical processing equipment and solutions to customers worldwide. Its portfolio comprises leading industrial brands serving large end markets such as durable plastics, food and recycling, positioning the group as a key supplier of specialized processing technologies.
Guided by its stated purpose of shaping future-focused solutions, Hillenbrand emphasizes excellence, collaboration and innovation in delivering customer-centric offerings. The company maintains its established corporate identity and will continue operating under the Hillenbrand name following its acquisition by Lone Star Funds.
Lone Star Funds is a global investment firm based in London that advises funds investing in private equity, credit and real estate across complex and structurally challenging situations. Since 1995, it has organized 25 private equity funds with aggregate capital commitments of roughly $95 billion, reflecting substantial firepower for buyouts and corporate transformations.
Average Trading Volume: 906,926
Technical Sentiment Signal: Buy
Current Market Cap: $2.25B
For a thorough assessment of HI stock, go to TipRanks’ Stock Analysis page.
