The Indianapolis-based drugmaker said the deal to buy Protomer Technologies could be worth up to $1 billion if the technology meets certain milestones. Lilly did not say how much it was paying up front in cash.
Big acquisition gives Kite Realty Group new markets, more clout for future growth
But the real estate investment trust might also face pushback from investors, largely because the acquisition follows five years of offloading dozens of debt-heavy properties.Read More
Builder Arbor Homes acquires local plumbing company
Arbor Homes, the most-active home builder in the Indianapolis area, said the acquisition of R&R Plumbing “will bolster the company’s existing efficient building processes.”Read More
Old National Bank merging with Chicago-based bank to create $45B firm
The deal is the largest to date by far for Old National, which has grown dramatically over the past decade through a series of acquisitions.Read More
While many cities are selling their wastewater systems to utility companies, the city of Fishers is bucking the trend.
Indianapolis-based Big Red Liquors, already the largest chain of package liquor stores in Indiana, plans to close on the acquisition of Cap n’ Cork early next month.
The deal would boost Greenfield-based Elanco’s profile in the billion-dollar pet dermatology market and continue its acquisition strategy.
The acquisition marks Marietta, Georgia-based Wrench Group’s first expansion into the Midwest and adds 400 employees to its operations.
Indianapolis-based Indiana Members Credit Union will add 2,231 members, two offices and $17 million in assets by adding Members Choice Federal Credit Union through a merger.
MGM’s library includes more than 4,000 movies, including “Silence of the Lambs” and “Thelma & Louise,” and 17,000 TV shows, such as reality TV staples “Shark Tank” and “The Real Housewives of Beverly Hills.” Amazon also will get cable channel Epix out of the deal.
Stamford, Connecticut-based United Rentals Inc. paid $19 per share for Pasadena, California-based General Finance Corp.—which has owned Pac-Van since 2008—and assumed $400 million in debt.
The deal announced Monday would create a separate media company to serve households increasingly abandoning cable and satellite TV, looking instead at Netflix, Amazon Prime Video, Facebook, TikTok and YouTube.
Victoria’s Secret was to be sold to Sycamore Partners last year but the private equity firm sued to get out of the deal citing the coronavirus pandemic.
Merger and acquisition stories can seem straightforward enough, but they’re often complicated by the companies’ decisions to keep the financial terms confidential, the desire of the parties to control the message to their employees and customers, and the emotions inevitably wrapped up in these transactions.
Auction Frontier sells a cloud-based software called Velocicast that is the backbone of KAR’s live, online auto auctions.
First Person, founded in 1997 by Bryan Brenner, is expected to keep operations in Indianapolis. Under the deal, New York-based NFP Corp. will keep all 55 First Person employees.
The huge investment by a foreign government is unprecedented for Indiana utilities, which typically raise capital through more traditional routes, such as selling debt through investment banks.
Castle President and CEO Gary Pittsford, who founded his business in 1973, said the deal will allow the firm to continue to grow, and give it access to a much larger pool of experts and services.
San Francisco-based human resources software company 15Five Inc. said the acquisition of Emplify further boosts its employee-engagement and manager-enablement software platform.
The new firm will maintain the brands of the three companies—Jobvite, JazzHR and NXTThing RPO—as well as operations in their respective communities, the company said.
The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools.
Protective Insurance Corp. soon will disappear from Indiana’s public company rolls, and part of the reason is Steve Shapiro, a guy you probably have never heard of.
PactSafe Inc., an Indianapolis-based tech firm that offers clients a cloud-based contracting platform, was founded in 2012 and has 40 employees.