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

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).

“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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