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Additional deals that didn't make the mergers-and-acquisitions list

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Every year, for various reasons, significant business deals take place in central Indiana that can’t be included in Indianapolis Business Journal’s annual list of mergers and acquisitions (see list, page 20).

These “other deals” often involve private parties that don’t disclose financial terms or companies headquartered elsewhere that nevertheless influence the Indianapolis area.

The following is a look at some important deals that didn’t show up on our main list but deserve attention.

Too late for 2010

• Simon Property Group acquired Prime Outlets on Dec. 8 for $2.3 billion including assumption of debt. Baltimore-based Prime Outlets owned 22 huge properties. The deal, Simon’s largest since it acquired Chelsea Property Group Inc. in 2004 for $3.5 billion, is expected to close in the first quarter of 2010.

No price tag

• Herff Jones Inc., the Indianapolis company that makes high school rings, yearbooks and other educational products, bought Murphy Cap & Gown Co. of St. Petersburg, Fla. Herff Jones also acquired Framing Success Inc., a Virginia Beach, Va., supplier of diploma frames for college and professional certificates.

• Indianapolis-based G3 Technology Partners Inc. acquired cross-town rival Dugdale Communications Inc. Both firms integrate voice and data systems.

• Carmel Total Fitness LLC purchased the assets of local competitor Eclipse Fitness Inc.

• Grain Dealers Mutual Insurance Co., an Indianapolis-based property and casualty insurer, was acquired by Main Street America Group of Jacksonville, Fla.

• Indianapolis architecture firm James T. Kienle & Associates Inc. was acquired by Columbus, Ohio-based architectural firm Moody Nolan Inc.

• Carmel-based Shepherd Insurance & Financial Services acquired a competitor, Indianapolis-based DeTrude & Co.

• Indianapolis-based Miller Pipeline Corp. purchased Elcon Pipeline Inc. of Rosamond, Ill. Miller, a natural gas distribution, transmission pipeline and utility contractor, is owned by Evansville-based Vectren Corp.

• Geneva Insurance Co. Inc., an Indianapolis firm focused on nonstandard auto insurance, was acquired by Arizona-based Trillium Management Services Inc.

• Indianapolis-based Crown Paper Box was acquired by Colbert Packaging Corp. of Chicago.

• Hi-Tech Foam Products Inc., an Indianapolis company that makes foam components, was acquired by Hickory Springs Manufacturing Co. of Hickory, N.C.

• Compass Automotive Group Inc., an auto-parts firm headquartered in Franklin, acquired the aluminum die casting and magnesium component arms of Citation Corp., headquartered in Grand Rapids, Mich.

• ITT Education Services Inc., the Carmel company that offers technical post-secondary degrees, acquired Daniel Webster College in New Hampshire.

• Carmel-based Gaylor Inc., one of the largest electrical contractors in the Indianapolis area, acquired Griffith Group Inc., a 25-employee electrical, heating and cooling contractor in Lafayette.

• One Source Insurance agency in Noblesville was acquired by Florida-based Brown & Brown.

• Indiana Supply Corp., a distributor of heating and air-conditioning equipment, was acquired by Gustave A. Larson Co. of Pewaukee, Wis.

• Dow AgroSciences LLC acquired most assets of Illinois-based seed corn company Pfister Hybrids and the assets of Hyland Seeds, a division of Blenheim, Ontario-based Thompson Ltd. Dow AgroSciences is owned by Dow Chemical Co. of Midland, Mich.

• Indianapolis-based Vertellus Specialties Inc. acquired Degen Oil & Chemical Co., a New Jersey-based manufacturer of alkyd resins and specialty vegetable, nut and fish oils. Vertellus develops and manufactures specialty chemicals used for pharmaceutical, personal care, nutrition and agricultural purposes.

• Indianapolis-based Enterprise Electrical & Mechanical Co. acquired The Freije Co., a local firm specializing in industrial ammonia refrigeration systems design, installation and service.

• Locally based Hat World Inc. acquired Great Plains Sports, a St. Paul, Minn., provider of sporting goods to educational, corporate and youth organizations. Hat World is owned by Nashville, Tenn.-based Genesco Inc.

• The Promotion Co. Inc., an Indianapolis-based event promoter, acquired the Monster Nationals series of monster-truck shows from Image Promotions Inc. in Chardon, Ohio.•

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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