Allison Transmission acquires two companies for $103M
Allison, which makes automatic transmissions, acquired one of its long-time suppliers, plus a company that makes tools for that supplier.
Mergers & Acquisitions
Articles
Taft announces merger, expansion into Minnesota market
Once the combination is completed Jan. 1, Taft will grow to more than 600 lawyers spread across 12 offices located primarily in the Midwest.
Formstack on a growth tear with series of acquisitions
Fishers-based tech firm Formstack is growing so fast, it’s considering opening a second local office, possibly in downtown Indianapolis. Formstack has made four acquisitions in eight months and five in 20 months and now has 200 employees and offices in multiple states. Company officials say there are no plans to slow the growth.
One of Indiana’s largest software firms gets new majority owner
New York-based investment firm New Mountain Capital says it plans to help Muncie-based Ontario Systems LLC—which has been in growth mode—further expand.
Elanco stock sinks sharply after it announces $7.6B deal to acquire Bayer unit
Investors appeared to be nervous over the rich price of the deal and the amount of debt that Elanco will take on to finance it.
Elanco says it’s buying Bayer division for $7.6 billion
The purchase would swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
Local tech company Doxly acquired by Chicago-based firm
Doxly, which helps clients collect and manage legal documents through a cloud-based platform, has been purchased by Litera Microsystems, a growing provider of document-management software.
Indiana Members Credit Union acquiring community bank for nearly $35M
The Indianapolis area’s largest credit union is joining a small but growing movement in the financial services industry by agreeing to acquire a community bank.
Merger brings together two Indianapolis-area elder law firms
Carol Applegate and Lisa Dillman have joined their firms to form Applegate and Dillman Elder Law, they announced Tuesday.
Two Carmel law firms join forces
Hollingsworth & Zivitz has merged with Roberts Means LLC to form Hollingsworth Roberts Means, the new firm announced Tuesday.
Martinsville sock-maker FBF Originals ready to run
The Morgan County town’s best-kept entrepreneurial secret might not be a secret much longer, thanks to private equity ownership, an expanded management team, and ambitious plans to double revenue.
Merger could lift Planned Parenthood
A new alliance with the Seattle-based affiliate chapter might be the key to the turnaround and longevity of Planned Parenthood of Indiana and Kentucky.
Bleak newspaper-industry outlook spurs buyout of Star parent
On Aug. 5, GateHouse—a New York-based chain backed by an investment firm—announced a deal to buy Gannett for $1.4 billion.
Newspaper giants Gatehouse, Gannett likely to seek cost savings after merger
Efficiencies wrought by the merger might result in publications that rely less on local reporters and more on USA Today-type stories produced or edited remotely and published in dozens of the company’s publications.
Indy Habitat for Humanity acquires Hamilton County affiliate
The consolidated organization is now serving Hendricks, Hancock, Marion and Hamilton counties.
Ratio merging with Denver-based architectural firm
Indianapolis-based Ratio Architects Inc., the city’s largest architectural firm, announced Tuesday that it was merging with Denver-based Humphries Poli Architects.
Ford Motor unit acquires DoubleMap successor Journey Holding
Journey Holding Corp.—formed this year through the merger of fast-growing Indianapolis-based tech company DoubleMap Inc. and Salt Lake City-based Ride Systems LLC—is being acquired by a transit-systems technology unit of Ford Motor Co.
Butler Toyota acquired by Georgia-based dealership giant
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
Pfizer’s blockbuster deal with Myland expected to reshape drug industry
The new publicly traded company will have sales of about $19 billion to $20 billion in 2020, the drugmakers said in a statement.
Vail Resorts acquiring 17 ski areas, including Paoli Peaks in Indiana
Colorado-based Vail Resorts Inc. plans to take over 17 U.S. ski areas ranging from the Northeast to the Midwest by acquiring Peak Resorts Inc. for $264 million.