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.
Mergers & Acquisitions
Articles
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.
Dealmaking activities have largely moved online for social distancing. Will the new habits stick?
Since the pandemic has shifted many of these interactions online, local dealmakers say they feel the loss of assessing non-verbal cues and interactions among members of a management team as they decide whether to acquire companies or invest in startups.
Group led by ex-Brightpoint CEO launches 2nd, and bigger, blank check company
Novus Capital Corp II, a SPAC targeting businesses enabling smart technology evolution, filed Wednesday with the Securities and Exchange Commission to raise up to $250 million in an initial public offering.
Service firms receiving multiple buyout offers from private equity investors
Private equity firms are simply head over heels for service firms such as plumbing and heating and air-conditioning companies.
Autotrader parent acquires Indianapolis-based Dickinson Fleet Services
Dickinson has about 1,000 employees overall, including 200 in Indianapolis. It operates 18 nationwide service centers and a fleet of more than 700 mobile repair units.
Carmel-based Delta Faucet to acquire New York-based maker of kitchen, bathroom fixtures
Like Delta, Kraus USA makes sinks, faucets and other accessories for kitchens and bathrooms. Delta also was attracted by Kraus’ strong online retail presence.
Whitestown distribution centers acquired in $62 million deal
Chicago-based JLL Income Property Trust closed on the purchase of the 440,000-square-foot and 280,000-square-foot buildings on Dec. 11.
Eli Lilly shares rise on Prevail acquisition, optimistic forecast
Lilly stock climbed Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment.
Lilly acquiring gene therapy startup for up to $1 billion
Eli Lilly and Co. on Tuesday announced that it is buying New York-based Prevail Therapeutics Inc., an emerging player in the sizzling-hot area of gene therapies, which targets Parkinson’s disease and other brain-related maladies.
Huntington Bancshares to acquire TCF Financial in $6B deal
The merger announced Monday will boost Columbus, Ohio-based Huntington’s assets to about $168 billion, nudging it closer to regional competitors Fifth Third Bancorp and KeyCorp.
Salesforce to buy work chat service Slack for $27.7 billion
The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce, which located its Marketing Cloud division in Indianapolis after it acquired ExactTarget in 2013.