Carmel-based SePro acquires Arkansas water treatment company
SePro said the acquisition expands its portfolio of science-led water treatment solutions and strengthens support for water managers and municipalities.
Mergers & Acquisitions
Indianapolis-based Resultant acquires Chicago consulting firm
Indianapolis-based data technology and consulting firm Resultant has acquired a Chicago-based consulting firm.
Lilly to acquire UK-based pharmaceutical company in deal worth up to $7.8B
Centessa Pharmaceuticals is developing treatments to address daytime sleepiness and other neurological conditions.
Sysco expands into high-margin restaurant segment with $29B deal
The acquisition comes in a fast-growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs.
FCC green lights merger of TV station rivals; local station will be divested
As part of the merger, Nexstar is expected to divest six TV stations, including one in Indianapolis.
DirecTV sues Nexstar, Tegna over their proposed $6.2B merger
DirecTV said the merger would create a triopoly in Indianapolis, affecting more than 1.2 million “TV homes.”
Republic Airways outlines postmerger integration efforts
In its first financial report since going public via merger, Carmel-based Republic Airways gave some details about its ongoing integration with Arizona-based Mesa Group. The two companies completed their merger in November.
FCC clears way for WISH-TV owner to acquire ABC affiliate WRTV
The federal regulatory agency said that Circle City Broadcasting’s ownership of three stations would not harm competition and could, in fact, bolster it.
Consortium agrees to buy AES, take the power company private
A consortium led by a BlackRock subsidiary and EQT Infrastructure said AES Indiana and AES Ohio will remain “locally operated and managed regulated utilities.”
Q&A: Investment banker Phil Daniels on the mechanics and emotions of selling a company
Eighteen months ago, Daniels took moved from entrepreneur to adviser when he became president of the Indiana office of Cincinnati-based investment bank ArkMalibu.
Q&A: Upper Hand co-founder talks about company’s recent acquisition
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.
Netflix walks away from Warner Bros deal, clearing path for Paramount
Netflix is walking away from its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over its storied Hollywood rival.
Q&A with Periculum Capital: Why is dealmaking activity so high?
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.
Warner Bros reopens takeover talks with Paramount after receiving waiver from Netflix
in the meantime, Warner’s board is still recommending shareholder support of its proposed $83 billion merger with Netflix.
Elon Musk combines his rocket and AI businesses before expected IPO this year
His rocket venture, SpaceX, announced on Monday that it had bought xAI in an effort to help the world’s richest man dominate the rocket and artificial intelligence businesses.
Local investment firm plans co-working, event space at former Scouting HQ
The Golden-Burke Scout Center, which for 15 years was the home of the Crossroads of America Council, has been on the market since last February.
Indianapolis-based tech firm Malomo acquired
Malomo was founded by serial entrepreneurs Yaw Aning, 2021 winner of Mira’s Rising Entrepreneur Award, and the late Anthony Smith.
KSM accounting firm establishes investment banking business with acquisition
Katz Sapper & Miller, the largest accounting firm in Indianapolis, has acquired the investment banking business of Grand Rapids, Michigan-based Charter Capital Partners, it announced Tuesday.
Butler to host conference on entrepreneurship through acquisition
Buying a business is nothing new, but entrepreneurship through acquisition—or ETA—has caught on in recent years among those who want to become business owners but don’t want to start a company from scratch.
Lilly to acquire California-based biopharma company in $1.2B deal
Indianapolis-based Eli Lilly and Co. announced Wednesday it intends to acquire Ventyx Biosciences, a clinical-stage biopharmaceutical company developing oral therapies for inflammatory-mediated diseases.