The deal will combine Owens & Minor’s product lines in diabetes, ostomy, incontinence and wound care with Indianapolis-based Apria’s product portfolio in home respiratory, obstructive sleep apnea and negative pressure wound therapy.
In separate deals, Houston-based Comfort Systems USA said it acquired Indianapolis-based Edwards Electrical & Mechanical Inc. and local temporary staffing company Kodiak Labor Solutions LLC.
Germany-based pharmaceutical giant Merck on Thursday announced it has signed a definitive agreement to buy Indianapolis-based drug contract manufacturer Exelead Inc.
Delivra’s new owner, British Columbia-based Redbrick, said the company’s operations will remain in Indianapolis and all of its employees will retain their jobs.
Louie Keen, owner of acquirer Uranus Fudge Factory and General Store, said last week the store will reopen soon, with a soft opening planned for Feb. 1 and grand opening set for April 1.
Indiana’s tech sector hit a red-hot cycle of mergers and acquisitions, pushing the number of deals well past marks set in 2018, 2019 and 2020 by the end of 2021’s third quarter. Experts said the M&A activity spoke to how the state’s tech sector had matured, as well as the gobs of cash burning holes in investors’ pockets.
Indianapolis-based Kite Realty Group Trust announced in July that it would merge with Oak Brook, Illinois-based Retail Properties of America Inc. in an all-stock deal worth $2.8 billion.
Fueled by cheap money and a soaring stock market, companies struck deals at a record pace in 2021 to boost growth, acquire new capabilities or to simplify their corporate structures.
Indianapolis-based RCA Commercial Electronics, which sells both commercial televisions and LED lighting, has been acquired for $14 million cash plus other considerations. The deal closed earlier this week.
With the addition of Shoe Station, Shoe Carnival said it expects to exceed 400 stores by the end of 2022 on a path toward double-digit growth in new stores in the years ahead.
The merged company will employ about 380, including more than 110 pilots and 75 aircraft technicians, and have more than 50 aircraft in its fleet.
T2, founded in 1994, provides parking-management hardware and software to universities, municipalities, parking operators, health care facilities and transportation hubs. It has more than 1,900 customers.
The momentum is so strong that the number of deals during the first three quarters of 2021 has already eclipsed full-year 2020 and 2019 totals—and by a healthy margin.
First Merchants has agreed to acquire Farmington Hills-based Level One Bancorp, which has 16 Michigan banking offices. The deal is expected to close in the first half of next year.
IndyCar team owner Michael Andretti said “control issues at the 11th hour” derailed Indianapolis-based Andretti Autosport’s bid to buy the Alfa Romeo team from Sauber, but he has not given up on his attempt to acquire a Formula One team.
Clear Software, founded in 2015, offers tools to help simplify and streamline business processes. Microsoft said the acquisition will help it improve its Microsoft Power Platform, which offers a variety of business-oriented tools for users.
The Justice Department is suing to block a $2.2 billion book publishing deal that would have reshaped the industry, saying consolidation would hurt authors and, ultimately, readers.
Fishers-based First Internet says it expects that its $80 million acquisition of Georgia-based First Century Bank will be complete early next year. The deal brings several new product lines to First Internet’s existing offerings.
Indianapolis-based Kite Realty Group Trust’s acquisition of Illinois-based Retail Properties of America Inc. is expected to close Thursday now that shareholders for both companies have approved the deal.
Escondido, California-based Carwave, founded in 2009, serves franchised and independent dealers in California and has been expanding into other states, including Arizona, Nevada, Oregon and Texas.
