Carmel used-car auction company sold to New York firm
Detroit-based private equity firm Huron Capital has sold XLerate Group—a company it formed in 2014— to a firm in New York.
Mergers & Acquisitions
Articles
Signet bets $490M on bridal resurgence with Diamonds Direct deal
The cash deal will add 22 stores and 500 employees to Signet Jewelers Ltd.’s network. Diamonds Direct has one store in Indianapolis.
Marketing tech firm Terminus announces its largest acquisition yet
Terminus, which offers a business-to-business platform that helps marketers connect with potential customers, said its acquisition of Boston-based Zylotech is its fifth acquisition to date, and its largest.
Fishers District retail area, apartments sold to Chicago firm in ‘landmark’ deal
Developer Thompson Thrift, which began planning the $110 million development in 2015, sold the property in a deal that brokers said “attracted nationwide investor interest and achieved record-breaking pricing.”
Noblesville-based Taylored Systems acquired by Henry County business
Taylored Systems Inc. has been acquired by New Lisbon Holdings Inc., paving the way for President Bill Taylor to retire nearly 40 years after founding his company.
Tech exec Bostic seeks $200M to buy lucrative health tech disruptors
Bradley Bostic is aiming to raise the funds through a new “blank check company,” called Future Health ESG, that will hold its initial public offering in coming weeks.
Laikin’s Indy-based Novus Capital II to combine with California energy-storage firm
The arrangement values Energy Vault at $1.6 billion, a huge sum for a private company that is a relative newcomer in the burgeoning field of renewable energy.
Q&A: Feltman explains his desire to foster statewide connections
IBJ Media CEO Nate Feltman started talking about three years ago with Gerry Dick about acquiring Inside INdiana Business’ parent company. But the seeds of a deal might have been planted years earlier.
Baxter’s sweetened offer lands acquisition of Hill-Rom
Baxter International Inc. announced Thursday that it reached a deal to buy Indiana-rooted Hill-Rom Holdings Inc. for about $10.5 billion.
Major Tool and Machine acquired by Maine-based company
One of the largest and oldest manufacturers in Indianapolis has been sold to a Maine-based company with multiple divisions in the United States and Canada, the companies announced Tuesday.
F.C. Tucker adds 190 agents in acquisition of Front Porch Real Estate
Indianapolis-based Front Porch, founded in 2014 by owner and former Tucker agent Jim Perry, has four offices in Indianapolis and one in Paoli, Indiana.
Engineering firm Beam Longest & Neff LLC merges with Toronto-based company
The combination forms a business with more than 800 engineers, project managers and technical experts in 21 offices throughout North America.
Indy tech firm Lessonly acquired by San Diego company
Lessonly will be a brand within Seismic, which will retain the Indianapolis office and its 240 employees.
Accenture acquiring Carmel-based tech firm Blue Horseshoe
International technology and business consulting giant Accenture PLC said Blue Horseshoe’s 349 employees will join Accenture’s Supply Chain & Operations group.
Indy-based startup Pattern89 acquired by Shutterstock in cash deal
Pattern89, founded by R.J. Talyor and launched under the wing of Indianapolis-based venture studio High Alpha, is one of three acquisitions that publicly traded Shutterstock announced Tuesday for a total of $35 million.
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.
Lilly buys California diabetes biotech in deal potentially worth $1 billion
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.
Fishers plans to buy portion of Hamilton Southeastern Utilities for $90M
While many cities are selling their wastewater systems to utility companies, the city of Fishers is bucking the trend.
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.”
Big Red Liquors expands footprint with 15-store acquisition
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.