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.
Mergers & Acquisitions
Articles
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.
Data providers to combine in $44B deal, biggest acquisition of year
New York City-based S&P Global announced that it would acquire IHS Markit, based in London, in an all-stock deal.
Penguin to buy Simon & Schuster for $2.17B, create publishing giant
The purchase of Simon & Schuster would reduce the so-called Big Five of American publishing—which also includes HarperCollins, Hachette Book Group and Macmillan—to four.
Local marketing software biz SmarterHQ acquired by New York City-based firm
SmarterHQ, a fast-growing Indianapolis-based marketing software firm that has raised more than $42 million in venture capital since its founding in 2010, has been acquired.
Home Depot buying HD Supply in deal valued at $8 billion
HD Supply is a distributor of maintenance, repair and operations products. It has two business units in Indianapolis.
Simon strikes new deal to buy Taubman, with price chopped by 20%
Simon, the nation’s largest mall owner, had said in February that it would pay $3.6 billion for 80% of Michigan-based Taubman Centers Inc. But it announced in June it wanted out of the deal, a stance that landed the companies in court.
Simon, partners plan to shake up merchandise mix at J.C. Penney
Simon Property Group, which is expected to acquire J.C. Penney out of bankruptcy with partners in an agreement approved Monday, reported third-quarter results that fell short of Wall Street expectations.
First Merchants to acquire Indianapolis-based Hoosier Trust Co.
Muncie-based First Merchants plans to acquire Hoosier Trust for $3.2 million in a deal that is expected to close early next year.
Local cybersecurity company acquired by New York firm, plans national expansion
Pondurance has been a tempting target in the quickly consolidating cybersecurity space, generating seven-figure profit annually while remaining focused on Indiana-based clients.
Old-line metal-fabrication company sees revenue surge under new ownership
Until a few years ago, Indianapolis-based IMH Products was stuck in neutral—turning a profit, yes, but doing so with outdated equipment and without an emphasis on growth.
Eli Lilly to acquire biotech firm in deal that could grow to more than $1.3B
Eli Lilly and Co. on Thursday announced that it has agreed to acquire Disarm Therapeutics, a private biotechnology company that is developing therapies that could be used to treat multiple sclerosis, glaucoma, Alzheimer’s disease and ALS.
Indianapolis-based IMH Products acquires Brownsburg manufacturer
IMH said it plans to move Mainstay’s equipment and its 38 employees to its Indianapolis facilities by year’s end. Both companies are in the metal fabrication business.
M&A activity roars back from early-pandemic slowdown
Companies are taking advantage of seemingly good conditions for deal-making, including historically low interest rates that allow for cheaper debt, along with money sitting on balance sheets and in the private equity markets.