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.
Mergers & Acquisitions
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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.
Tech school Kenzie Academy acquired by Southern New Hampshire University
The Manchester, New Hampshire-based college said Kenzie will operate as a not-for-profit division of the private university, offering online, accelerated training programs.
Terminus planning 200 jobs in Indianapolis after $90M funding round
Atlanta-based Terminus Software Inc. entered the Indianapolis market in December 2019 with the acquisition of email-marketing software firm Sigstr.
Fishers-based autism center operator acquired by Baltimore firm
Fishers-based Behavior Analysis Center for Autism, which provides therapy to individuals with autism and other related developmental disabilities, has been sold to Baltimore-based Learn Behavioral Partners, the companies announced.
KSM Consulting expecting more growth after another ownership change
Indianapolis-based KSM Consulting, one of city’s largest and fastest-growing tech consulting firms, has a new majority owner, the company announced Monday.
Carmel-based Protective Insurance to be acquired by Progressive
Insurance giant Progressive is purchasing Protective in a stock deal worth $338 million. Protective, known as Baldwin & Lyons Insurance until 2018, is the Indianapolis-area’s 12th largest public company in terms of annual revenue.
Dickinson Fleet Services acquires Minnesota truck repair business
The acquisition, announced Tuesday, was the 11th for Indianapolis-based Dickinson since 2017.
Carmel-based CNO acquires employee benefits administrator for $50M
The benefits administrator, DirectPath LLC, offers a variety of technology-driven services for employees and employers.
New operator at Indianapolis Regional Airport plans improvements
Local aviation company Aero Management Group has acquired the leasehold rights to Indianapolis Regional Airport in Greenfield and is planning numerous capital improvements and the addition of charter service.
Why dealmakers expect tech M&A to keep up its red-hot run
Salesforce.com Inc.’s December announcement that it was buying Slack Technologies Inc. for $25 billion—the largest software deal of the year—could spur other companies to revisit their wish lists, advisers said.
2020 mergers and acquisitions that lacked public prices
Here are notable Indianapolis-area mergers and acquisitions that closed in 2020 for which financial details were not available.