Elanco to buy California pet med company for $440M
The deal would boost Greenfield-based Elanco’s profile in the billion-dollar pet dermatology market and continue its acquisition strategy.
Mergers & Acquisitions
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Williams Comfort Air and Mr. Plumber acquired by Georgia company
The acquisition marks Marietta, Georgia-based Wrench Group’s first expansion into the Midwest and adds 400 employees to its operations.
Indiana Members Credit Union adds Bloomington-based credit union
Indianapolis-based Indiana Members Credit Union will add 2,231 members, two offices and $17 million in assets by adding Members Choice Federal Credit Union through a merger.
Old National Bank merging with Chicago-based bank to create $45B firm
The deal is the largest to date by far for Old National, which has grown dramatically over the past decade through a series of acquisitions.
Amazon to buy MGM for $8.5B, adding to its streaming service
MGM’s library includes more than 4,000 movies, including “Silence of the Lambs” and “Thelma & Louise,” and 17,000 TV shows, such as reality TV staples “Shark Tank” and “The Real Housewives of Beverly Hills.” Amazon also will get cable channel Epix out of the deal.
Parent of Indianapolis-based Pac-Van acquired in billion-dollar deal
Stamford, Connecticut-based United Rentals Inc. paid $19 per share for Pasadena, California-based General Finance Corp.—which has owned Pac-Van since 2008—and assumed $400 million in debt.
AT&T signs deal to combine media biz with Discovery, create giant streaming company
The deal announced Monday would create a separate media company to serve households increasingly abandoning cable and satellite TV, looking instead at Netflix, Amazon Prime Video, Facebook, TikTok and YouTube.
Victoria’s Secret to be spun off a year after sale collapsed
Victoria’s Secret was to be sold to Sycamore Partners last year but the private equity firm sued to get out of the deal citing the coronavirus pandemic.
Simon joint venture to buy 300-store Eddie Bauer
The outdoor gear and apparel retailer is slated to join a growing stable of high-profile retail brands owned by Indianapolis-based Simon Property Group and its partner.
Lesley Weidenbener: Buying, selling and reporting the deal
Merger and acquisition stories can seem straightforward enough, but they’re often complicated by the companies’ decisions to keep the financial terms confidential, the desire of the parties to control the message to their employees and customers, and the emotions inevitably wrapped up in these transactions.
KAR’s stock spikes following acquisition of software firm
Auction Frontier sells a cloud-based software called Velocicast that is the backbone of KAR’s live, online auto auctions.
Benefits firm First Person Advisors acquired by leading insurance broker
First Person, founded in 1997 by Bryan Brenner, is expected to keep operations in Indianapolis. Under the deal, New York-based NFP Corp. will keep all 55 First Person employees.
Duke Energy’s $2B deal with Singapore raises eyebrows
The huge investment by a foreign government is unprecedented for Indiana utilities, which typically raise capital through more traditional routes, such as selling debt through investment banks.
Indianapolis-based Castle Wealth Advisors acquired by Kansas firm
Castle President and CEO Gary Pittsford, who founded his business in 1973, said the deal will allow the firm to continue to grow, and give it access to a much larger pool of experts and services.
Fishers-based software firm Emplify acquired for $50 million
San Francisco-based human resources software company 15Five Inc. said the acquisition of Emplify further boosts its employee-engagement and manager-enablement software platform.
Indy-based Jobvite combined with two other recruiting software firms to form new company
The new firm will maintain the brands of the three companies—Jobvite, JazzHR and NXTThing RPO—as well as operations in their respective communities, the company said.
Microsoft buying speech recognition firm Nuance in $16B deal
The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools.
Flurry of resignations helped place storied insurer on path to sale
Protective Insurance Corp. soon will disappear from Indiana’s public company rolls, and part of the reason is Steve Shapiro, a guy you probably have never heard of.
Local tech firm PactSafe acquired by San Francisco company
PactSafe Inc., an Indianapolis-based tech firm that offers clients a cloud-based contracting platform, was founded in 2012 and has 40 employees.
Intelligent Fiber Network to be acquired by Colorado firm
Boulder, Colorado-based Zayo Group Holdings Inc. expects to close the transaction during the second half of 2021. IFN officials say they are confident the deal will grow the firm’s presence here.