Aurora Casket Company, the largest independent supplier in funeral service, has announced that the company has been acquired by affiliates of Kohlberg & Company, L.L.C., a leading private equity firm based in Mount Kisco, New York.
Aurora Casket is a leading supplier of caskets, urns, stationery, memorial products and technology solutions to funeral homes across North America. The company operates five manufacturing facilities in the United States and Canada. Founded in 1890, Aurora was privately owned through five generations by the Backman and Barrott families.
"The Barrott and Backman families looked at this transaction as an opportunity to continue the legacy and leadership of Aurora Casket," said Bill Backman III, of Aurora. "We are excited to partner with Kohlberg, a firm that shares our commitment to funeral service and to our purpose of helping to create an honorable closure to every life."
Backed by the strength of Kohlberg's private equity funds, this merger is expected to accelerate Aurora Casket's growth both organically and through acquisition.
"We are excited to partner with an organization with the rich history and solid foundation of Aurora. The company's success across five generations is a testament to the Backman and Barrott families. We believe that Aurora is poised for continued growth as the leading partner to funeral professionals," said Christopher W. Anderson, Partner of Kohlberg.