Rise in law firm mergers expected to continue
So far in 2025, law firm mergers in the United States are on track to reach their highest annual total since the pandemic.
Mergers & Acquisitions
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Owner of WISH-TV announces $83M acquisition of WRTV-TV
Indianapolis-based Circle City Broadcasting LLC will add ABC affiliate WRTV-TV Channel 6 to its portfolio of WISH-TV Channel 8 and WNDY-TV Channel 23.
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Owner of Foxgardin, Bonge’s acquires Carnegie’s in Greenfield, plans reopening
Carnegie’s, a fine-dining eatery that occupied the lower level of a former Carnegie Library at 100 W. North St., closed in late June after a 26-year run under retiring former owner and chef Ian Harrison.
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Dollar Tree selling Family Dollar to private equity firms for $1B
The acquisition price marks a massive discount compared with how much Dollar Tree Inc. paid to buy Family Dollar in 2015 after a bidding war with rival Dollar General.
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Indy-based Bar Keepers Friend maker sold to East Coast investment firm
Bar Keepers Friend was developed in Indianapolis in 1882 and has been owned by SerVaas Laboratories since 1956.
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Articles
Emagine theaters acquired by Belgium-based cinema chain
U.S. movie theater chain Emagine Entertainment, which operates a luxury multiplex at Hamilton Town Center in Noblesville, has agreed to be acquired by Belgium-based cinema chain Kinepolis
Denny’s to be acquired, taken private in deal valued at $620M
The restaurant chain has about 30 locations in Indiana, including nearly a dozen in the Indianapolis area.
Simon Property Group acquires remaining stake in Taubman Realty Group
Taubman, headquartered in Bloomfields Hills, Michigan, was founded in 1950 and grew into one of the largest owners of high-end shopping centers in the United States.
Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7B consumer brands deal
The combined consumer health goods company is expected to generate about $32 billion in annual revenue.
American Water Works, Essential Utilities to merge
The all-stock deal announced Monday is expected to create a public water utility worth about $40 billion. Both companies have significant Indiana operations.
Huntington Bancshares buying Cadence Bank in $7.4B all-stock deal
Super regional financial companies like Huntington have been growing considerably in recent years in order to better compete with the Wall Street titans in various businesses.
Lilly to acquire California-based gene therapy company focused on age-related vision loss
The move continues the Indianapolis-based drugmaker’s investments in age-related diseases.
Carmel tech firm OneCause acquired by Texas-based company
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.
Hillenbrand shares soar after it announces $3.8B acquisition
Hillenbrand Inc., one of Indiana’s largest public companies, is set to become private after being acquired by an investment firm headquartered in Dallas, the company announced Wednesday.
Wall Street sees major jump in profit, helped by soaring stock prices and dealmaking
Wall Street is having one of its best years in dealmaking in a long time. Initial public offerings are back, with several major companies going public this year.
Krieg DeVault acquires Fort Wayne-based Rothberg Law Firm
Michael Messaglia, managing partner of Krieg DeVault, said combining the firms would strengthen some of Krieg DeVault’s key service areas, including banking, business, employment, health care, real estate, and municipal and estate planning.
Could Indianapolis buy AES Indiana? Experts say it’s unlikely.
A few City-County Council members say Indianapolis should consider keeping AES out of private equity’s hands by acquiring the utility.
Fifth Third Bancorp to buy Comerica for $10.9B in combination of big regional banks
Cincinnati-based Fifth Third is one of the largest banks doing business in the Indianapolis area, with more than $7.2 billion in local deposits, 44 area branches and 348 employees as of June 30, 2024.
UPDATE: Indianapolis-based ag giant Corteva to split into 2 separate companies
Corteva, one of Indiana’s largest publicly traded companies, plans to split its seed and pesticide businesses into two independent, publicly traded companies by the end of 2026.
Electronic Arts to be acquired for $52.5B in largest-ever private equity buyout
If the transaction closes as anticipated, it will end EA’s 36-year history as a publicly traded company.
First Merchants Bank announces merger with Jeffersonville bank
The combined company is expected to continue to do business under the First Merchants Bank brand and would have combined assets of $21 billion.
Pfizer amps up push into obesity treatments with $4.9B deal for Metsera
Demand for obesity treatments has soared recently, due to unprecedented weight loss provided by regular injections of market leaders Wegovy from Novo Nordisk and Zepbound from Indianapolis-based Eli Lilly and Co.
Indianapolis-based WSI Technologies under new ownership
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.
Carmel-based Splenda maker Heartland Food acquires Slimfast US brand
Slimfast, founded in 1977, is known for its once-popular line of meal-replacement shakes, but the brand has struggled with the emergence of new weight-loss pharmaceuticals.