May 20, 2013
Associated PressThe CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by
the Affordable Care Act prompted the group to look at the offer from Lids.
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May 18, 2013
Greg AndrewsFirst Merchants Corp. CEO Michael Rechin thinks a wave of bank mergers is coming—driven by financial institutions’
quest to increase profits in an environment where super-low interest rates continue to squeeze margins.
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April 1, 2013
Jeff NewmanThe materials-testing business with nearly 300 employees has been acquired by Element Materials Technology. Sherry had been
owned by a group of well-connected central Indiana businessmen.
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March 30, 2013
Dan HumanExactTarget Inc.’s strong position in digital marketing has made the Indianapolis company a tempting acquisition target
for Salesforce.com and other tech-industry suitors, Wall Street analysts believe.
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March 22, 2013
Chris O'MalleyHorizon One Federal Credit Union, founded in 1949 to serve General Motors metal-stamping plant employees in Indianapolis,
is merging with Financial Center Credit Union.
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February 21, 2013
Scott OlsonThe proposed buyer is CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer
Randy Butler, who first bid for the company last March.
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February 20, 2013
Associated PressThe move would combine the No. 2 and No. 3 office supply retailers and lead to consolidation in an industry that analysts
say is over-stored. Office Depot has eight stores in the Indianapolis area and OfficeMax has five.
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February 16, 2013
Chris O'MalleyUnusual merger of Hancock Telecom and Central Indiana Power is paving the way for network deployment in rural areas.
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February 14, 2013
Associated PressThe $11 billion deal could well result in the elimination of some overlapping routes the carriers operate out of Indianapolis
International Airport. Together, the two airlines have a combined market share of nearly 24 percent in Indianapolis.
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February 13, 2013
Dan HumanAn acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based
company reported Wednesday morning.
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February 9, 2013
Dan HumanVoxx International Corp.’s $166 million buyout of Indianapolis-based speaker maker Klipsch Group two years ago so far
hasn’t generated the excitement on Wall Street that Voxx wants.
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February 2, 2013
Scott OlsonAlan Levin has been managing partner of Barnes & Thornburg LLP for 16 years, far longer than the heads of most major Indianapolis
law firms. But what most sets him apart is that he’s built his firm into a national practice by taking the maverick
approach of going it alone instead of merging with an out-of-state rival.
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January 23, 2013
IBJ StaffIndianapolis investment firm E&A Industries has acquired a fast-growing New York apparel firm specializing in body-slimming
fashions, the companies announced Tuesday.
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January 21, 2013
Techniks Inc., a designer and distributor of industrial cutting tools, has been acquired by Tenex Capital Management. Tenex,
in turn, merged Techniks into another of its companies, Jasper-based Nap Gladu, to form a new holding company.
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January 16, 2013
IBJ StaffSouthern Bells Inc., an Indianapolis-based franchisee that operates 76 regional fast-food restaurants, has been acquired by
the country’s largest franchisee of Applebee’s restaurants.
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January 14, 2013
Bloomberg NewsArdagh Group said it has agreed to buy Indiana-based glass bottle and jar manufacturer Verallia North America, which has about
4,400 employees at 13 manufacturing plants in the United States, including more than 650 workers in Indiana.
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January 10, 2013
Tobias Insurance, the Indianapolis area's eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners.
Tobias will retain its name, employees and leadership.
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January 8, 2013
The Indianapolis elevator repair and installation company has been acquired by ThyssenKrupp AG. Amco Elevator was founded
in 1965 and had been locally owned until the purchase.
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January 7, 2013
Bloomberg NewsPharmaceutical companies including Pfizer Inc., Bristol-Myers Squibb Co. and Eli Lilly and Co. could be ready to start making
major acquisitions again.
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January 4, 2013
Chris O'MalleyThe Indianapolis-based company's Celadon Trucking Services subsidiary has agreed to acquire Warren-based Rock Leasing
Inc. in northeast Indiana and Wadley, Ala.-based Kelly Logistics Inc.
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December 19, 2012
IBJ StaffG3 Technology Partners, an Indianapolis-based business communications company with 120 employees, has been acquired by Eagan,
Minn.-based ConvergeOne, the companies announced Tuesday.
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November 28, 2012
Associated PressThe government has dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup
Corp., the Justice Department said Wednesday, clearing WellPoint to proceed with the $4.46 billion deal.
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November 17, 2012
Greg AndrewsAnalysts are impressed by Bedford’s cost-cutting achievements at Republic’s scheduled-service carrier, Frontier
Airlines, and his early progress in restructuring its Chautauqua unit, which flies small regional jets on contract for branded
carriers.
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October 26, 2012
Bloomberg NewsIndianapolis-based ExactTarget Inc., the fast-growing e-mail marketer that went public in March, is likely being looked at
as a possible takeover target by software giants including Microsoft, Oracle and SAP, according to industry experts.
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October 16, 2012
Cory SchoutenThe Batesville-based conglomerate best known for making caskets is making its biggest move yet to diversify away from the
funeral care business.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.