Muncie-based First Merchants to acquire Michigan bank for $323.5M
First Merchants has agreed to acquire Farmington Hills-based Level One Bancorp, which has 16 Michigan banking offices. The deal is expected to close in the first half of next year.
Expansion
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Walgreens, VillageMD make health clinic push
The partners are on the prowl to buy hundreds of primary care medical practices.
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Boone County considering income tax hike to expand jail
The clock is ticking for officials to decide whether they’ll raise local income taxes to pay for a $45 million to $50 million jail expansion and justice center to alleviate overcrowding.
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Health care firm that runs clinics for employers is expanding nationwide
Marathon Health, which splits its headquarters between Indianapolis and suburban Burlington, Vermont, operates primary-care clinics for employers in 42 states.
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Expanded women’s shelter to offer more beds, more dignity
Wheeler Mission is set to open an expanded center for homeless women and children that will nearly double the space for services, add 160 short- and long-term beds, and enhance programming.
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Articles
Sports-team retailer Rally House expands into Indianapolis market
Sports apparel retail chain Rally House has opened its first Indiana store and is planning to add three additional stores in the Indianapolis-area market by the end of the year.
Ohio-based CFBank entering Indianapolis market
Indianapolis is the first non-Ohio market and the fourth market overall, for CFBank. The company has hired a market president and is currently scouting for office space.
KSM Consulting changing name, boosting employment under new owner
Now called Resultant, the firm said it plans to boost Indiana employment by 95 workers by the end of the year. It also said it would like to have offices in more than 10 cities and 1,000 employees by 2025.
Pharmacy-automation software firm planning to hire 420 in Indiana
The New York-based firm plans to lease 10,655 square feet on the 15th floor of the 8888 Keystone Crossing office building in Indianapolis for its local operations.
Terminus planning 200 jobs in Indianapolis after $90M funding round
Atlanta-based Terminus Software Inc. entered the Indianapolis market in December 2019 with the acquisition of email-marketing software firm Sigstr.
Culver’s franchisee plans up to 10 more restaurants, new Noblesville HQ
Jeff Meyer is turning the former Boys & Girls Club at 1700 Conner St. into his company’s headquarters. And he plans to keep things rolling by opening another eight to 10 stores by the end of 2023.
Indianapolis-based human resources business plans expansion
FullStack Inc. on Tuesday said it plans to add up to 21 employees by the end of 2024. The state offered the company tax incentives based on those hiring plans.
As colleges retrench, Marian goes on offensive
During a year filled with uncertainty for many industries, including higher education, the small Catholic university is preparing to embark on another ambitious project.
Storied Rahal race team plans $20M HQ in Zionsville
The facility, set to open in 2022, will consolidate Rahal Letterman Lanigan Racing’s IndyCar operations in Brownsburg and the Ohio operations for the other series the team competes in.
Fletcher Place eatery Repeal to close, making way for distillery, pizzeria
Neighboring 1205 Distillery plans to take over the space along with Greek’s Pizzeria, creating a combination tasting room and restaurant.
Hickory Hillz BBQ opening in downtown Franklin
It will be the second restaurant for the business that started in Edinburgh in 2005. Also this week: Guardian RV Storage, Sun King, Big Woods, Liftoff Creamery and Athletic Annex.
Handmade leather-goods shop finds its groove
Five-year-old Howl and Hide is preparing to open a second location, a pop-up shop at Clay Terrace in Carmel.
Ballyhooed Simon Cancer Center to empty out by 2026
Just 12 years after opening to great fanfare, the future of the $150 million center, a partnership between the Indiana University School of Medicine and Indiana University Health, is full of questions.
Indianapolis Cultural Trail announces $30 million expansion
The expansion will add two miles to the trail’s existing eight-mile network. It’s the first expansion since the trail opened in 2013.
Fiber network firm looks beyond Indiana for growth
Intelligent Fiber Network has spent the last 18 months rebranding—including a name change that telegraphs its growth plans—and ramping up its marketing.
Grocery newcomer says market ripe for growth
Needler’s Fresh Market, which entered the Indianapolis market in 2017, says it’s so bullish on its local prospects that it’s already looking to expand here.
Vehicle parts maker plans $7M tech center in Fishers
Thyssenkrupp Steering will create 64 new jobs and plans to move existing positions from its operations in Indianapolis to the new location at Exit Five Parkway.
Carmel software firm in midst of expansion, 40 hires
Clinical Architecture is spending $4.2 million on its new headquarters space while seeking software developers, clinical experts, salespeople and product managers.
Produce distributor Caito opens $32M facility that makes prepared foods for groceries
In January, the produce distributor opened a $32 million facility designed to cook and package meals and side dishes such as salads, pasta, deli meats and pinwheel sandwich wraps.