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Home » Deals

Deals

Local dealmakers say 2025 should be a big year for M&A activity

January 24, 2025
Susan OrrSusan Orr

The promise of a lighter regulatory environment from the Trump administration, lingering effects of the pandemic and a proliferation of would-be buyers all suggest 2025 will be a year of robust dealmaking.

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BCforward CEO Justin Christian to acquire NYC-area firm in $29M deal

May 15, 2024
Susan OrrSusan Orr

Christian has set up a new special purpose entity that will purchase all of tech staffing firm TSR Inc.’s outstanding stock for $13.40 per share.

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Indy-based accounting tech firm Decimal switches business model, signs first franchisees

May 15, 2026 | Susan OrrSusan Orr

Decimal has sold off the direct services part of its business and is now focused on a new source of revenue: franchising its platform to independent accounting firms. 

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Indianapolis-based Rampxchange sees big opportunities ahead in new business partnership

April 24, 2026 | Susan OrrSusan Orr

“It’s an exciting time for us around here,” said Kyle McGrath, Rampxchange’s managing director.

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NYC-based Wealthspire acquires Indianapolis financial firm, eyes future local growth

April 10, 2026 | Susan OrrSusan Orr

Indianapolis-based financial firm Axia Advisory has been acquired by a New York City-based firm that says it plans to use the acquisition as the basis for expansion in this market.

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Q&A: Resultant CEO talks about strategy in buying M&A firm

April 3, 2026 | Susan OrrSusan Orr

Greg Layok said in evaluating a potential acquisition, “strategic fit is very important, but culture is even more important.”

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Indianapolis-based Resultant acquires Chicago consulting firm

March 31, 2026 | Susan OrrSusan Orr

Indianapolis-based data technology and consulting firm Resultant has acquired a Chicago-based consulting firm.

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Clear strikes deal to bring identify verification service to Indianapolis airport

March 27, 2026 | Susan OrrSusan Orr

The opt-in subscription service first launched in Orlando and Denver in 2010 and is now available at more than 60 U.S. airports.

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Truck industry dealmakers talk strategy at Work Truck Week event in Indy

March 13, 2026 | Susan OrrSusan Orr

Among those who make, sell, use or repair work trucks and equipment, Indianapolis has been at the center of the universe this week.

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Q&A: Upper Hand co-founder talks about company’s recent acquisition

February 27, 2026 | Susan OrrSusan Orr

Kevin MacCauley, the co-founder of Indianapolis sports-tech firm Upper Hand, talked to IBJ about the company’s recent acquisition and why he thinks AI is spurring acquisition activity right now.

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Q&A with Periculum Capital: Why is dealmaking activity so high?

February 20, 2026 | Susan OrrSusan Orr

Over the past two months Carmel-based Periculum Capital has been involved in six business deals — about as many as it typically sees in an entire year.

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Indianapolis-based tech firm Malomo acquired

January 20, 2026 | Susan OrrSusan Orr

Malomo was founded by serial entrepreneurs Yaw Aning, 2021 winner of Mira’s Rising Entrepreneur Award, and the late Anthony Smith.

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Dormakaba to acquire Clarksville-based turnstile company

December 18, 2025 | Susan OrrSusan Orr

Avant-Garde Systems Inc. has been one of the fastest-growing companies in the Louisville area in recent years.

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focus-fullbeauty-10-bp450.jpg

FullBeauty Brands to merge with menswear retailer DXL

December 12, 2025 | Susan OrrSusan Orr

The all-stock deal will result in a company with combined revenue of about $1.2 billion, the companies announced Thursday.

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Indianapolis-based Sharpen Technologies acquires California company

December 2, 2025 | Susan OrrSusan Orr

Sharpen Technologies has completed a deal for fellow call-center software provider Ytel Inc., it announced Tuesday, marking its third acquisition in three years.

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ASHLEY FLOWERS

Indianapolis-based Audiochuck facing lawsuit from podcast creator

November 25, 2025 | Susan OrrSusan Orr

The creators of the “Anatomy of Murder” podcast accuse the Indianapolis-based media company of shorting them millions of dollars in advertising revenue and failing to do enough to promote the show.

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Indianapolis-based Oak Street Funding adds $500M to loan portfolio

November 11, 2025 | Susan OrrSusan Orr

Oak Street, a specialty lender focused on the financial services sector, is picking up a portion of the loans acquired by its corporate parent, First Financial Bank, in a recent acquisition.

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Carmel tech firm OneCause acquired by Texas-based company

October 17, 2025 | Susan OrrSusan Orr

Pre-acquisition, OneCause had just over 200 employees, 119 based in Indiana. CEO Steve Johns, who will leave the company after the transition, said all of OneCause’s employees have retained their jobs.

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Indianapolis-based WSI Technologies under new ownership

September 19, 2025 | Susan OrrSusan Orr

Indianapolis-based The September Group purchased the companies that would eventually create WSI—which offers secure audio and video recording solutions for public safety and child welfare organizations—in 2020.

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First Internet Bank selling $869M loan portfolio

September 14, 2025 | Susan OrrSusan Orr

First Internet has never sold off such a large pool of loans in a single transaction, according to Chief Operating Officer Nicole Lorch.

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Indianapolis-based health-tech company GeoH lands $30M investment

September 12, 2025 | Susan OrrSusan Orr

GeoH offers a software platform that home care agencies can use for things like billing, staff scheduling, payroll and analytics, as well as a handful of other services.

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Security products company Allegion on acquisition spree in 2025

September 4, 2025 | Susan OrrSusan Orr

Allegion, whose Americas division is based in Carmel, has completed nine acquisitions so far this year—a significant increase from recent years.

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MAY 22-28, 2026

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IBJ Digital Edition

Lilly goes on $21B buying spree to build drug pipeline

Daniel Bradley

Health care summit uses IMS to draw together leaders from across sector

Tom Murphy / Special to IBJ

Q&A with Schahet Hotels CEO Jeffrey Brown about collaboration with Ball State

Dave Lindquist
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