Iowa-based HNI said Wednesday that the acquisition of Indiana-based Kimball International will enhance manufacturing capabilities and create a combined company that can better benefit from post-pandemic trends in the markets it serves.
The quarterly loss reported after the close Thursday caps a disastrous year in which Carvana’s stock plummeted 98%, erasing almost $37 billion of market capitalization. Carvana spent $2.2 billion last year to acquire Carmel-based KAR Auction Services Inc.’s physical auto auction business, ADESA.
Anti-monopoly groups have been calling on the Federal Trade Commission to block Amazon’s purchase of the company, arguing it would endanger patient privacy and give the online retailer more dominance in the marketplace.
Subway, one of the most recognizable names in the industry, has more than 20,000 U.S. locations, making it the largest by store count in the country, dwarfing even McDonald’s.
CVS Health is seeking to buy Oak Street Health, which runs clinics that specialize in treating Medicare Advantage patients.
Somerset CPAs and Advisors, the fifth-largest accounting firm in Indianapolis, is now owned by CBIZ Inc., a financial firm based in Cleveland, and affiliated accounting firm Mayer Hoffman McCann PC.
Jungheinrich AG sees purchasing the 45-year-old warehouse racking and automation company as part of its strategy to expand its geographic footprint. It says that it intends to keep Storage Solutions’ management team.
The two companies said the combination builds on a seven-year collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members.
Pennsylvania-based Northwest Bank, which entered the Indiana market in 2020 with its acquisition of Muncie-based MutualFirst, has been beefing up its local workforce since then.
Fountain Square Brewing Co., founded in 2011, is expected to reopen for business after a sale closes in mid-January.
Dunham, a 57-year-old Greenwood-based distributor, fabricator and manufacturer with locations in Shelbyville and Fort Wayne, was purchased by Belt Power LLC.
Taft is now comprised of more than 800 attorneys across 12 offices in eight primary Midwest markets and the District of Columbia.
Meritor, which had 9,600 global employees pre-acquisition, is a leader in electric axle and brake technology.
The acquisition of one of Indianapolis’ largest public companies came after months-long negotiations between Duke and San Francisco-based Prologis and broadens the firm’s logistics and industrial holdings in key locations, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.
Indianapolis-based Mi-Tech Tungsten Metals LLC has been acquired by Towanda, Pennsylvania-based Global Tungsten & Powders Corp.
Rangeline Solutions, a Microsoft partner that offers supply-chain consulting services, has been acquired by Sweden-based Nexer, which plans to grow Rangeline’s Carmel office as part of its broader U.S. expansion plans.
Megadeals announced early in the year were soon replaced by jitters about getting mergers and acquisitions over the finish line, with monthly deal activity plummeting by almost half from May to June. The volumes have yet to recover.
At least 80 special-purpose acquisition companies, which have raised $24 billion in total, face a wall of investor meetings that will give clients the chance to exit ahead of a new U.S. tax that could hurt their returns.
The Indianapolis-based digital marketing agency announced Wednesday it has acquired Fishers-based Statwax, a performance marketing agency that focuses on data science and analytics.
Indianapolis-based Sharpen, which was founded in 2011, topped IBJ’s list of fastest-growing private companies last year.
