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.
Mergers & Acquisitions
Articles
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.
Monarch Beverage Co. to be acquired by Illinois beer distributor
Indianapolis-based Monarch, family-owned and locally operated since 1947, is the state’s largest beer distributor. It has about 600 employees.
Software firm Emarsys acquired by German firm
Emarsys, a marketing software company based in Austria, has its North American headquarters in Indianapolis.
David Simon may not seek spotlight, but he’s in it anyway
The media is fascinated by what he’s up to, as the nation’s largest shopping mall owner teams with partners to buy ailing retail chains while negotiating with Amazon to fill vacant anchor spaces with distribution centers.
TikTok picks Oracle over Microsoft in Trump-forced sales bid
It’s not clear if the proposed acquisition will only cover TikTok’s U.S. business, and, if so, how it will be split from the rest of TikTok’s social media platform, which is popular worldwide.
KAR Global to expand digital auction options with $425M acquisition
KAR Global plans to expand upon the online automotive auction services it provides through TradeRev by acquiring BacklotCars’ longer-term online auctions, which allow dealers to bid on cars over the course of several days.
Indianapolis personal care products manufacturer Mansfield-King acquired
Founded in 2005 by Charles Haywood, Mansfield-King develops and manufactures products that are sold under its customers’ brand names. The east-side company has 154 employees.
Plainfield-based MD Logistics acquired by Japan-based Nippon Express
MD Logistics says it will keep operating under the same name and does not expect any layoffs or consolidations as a result of the acquisition.
In Anthem-Cigna ‘soap opera,’ judge hands damages to neither
A Delaware judge on Monday rebuffed efforts by both Cigna Corp. and Indianapolis-based Anthem Inc. to collect billions over their failed merger.
Walmart joins Microsoft in bid for video app TikTok
Walmart said in a statement Thursday that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers.
Financial Center First adding Muncie credit union through merger
Ball State Federal Credit Union is set to join Indianapolis-based Financial Center First Credit Union in a merger effective Nov. 1.
Elanco’s big job: Making the Bayer deal work
Now that the company has closed its $6.9 billion acquisition of the German conglomerate’s animal-health division, it must now swiftly and carefully integrate the two sprawling companies in the midst of a pandemic.
7-Eleven owner to buy Speedway gas stations for $21 billion
Tokyo-based Seven & i Holdings plans to acquire about 3,900 Speedway stores in 36 states. Indiana is one of Speedway’s largest markets.
Simon Property-backed venture makes offer to buy Brooks Brothers
Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.
Eldorado’s $17.3B merger with Caesars nearing final approval
The Indiana Horse Racing Commission signed off on the deal this week, paving the way for what will be the world’s largest casino operation. The merger, which awaits approval from New Jersey regulators, affects five Indiana casinos.
Elanco gets U.S. regulatory approval for $7.6B Bayer acquisition
Shares in Elanco rose 2.8% Wednesday morning after the approval was announced, to $24.13 each.
Indiana Gaming Commission approves $17.3B Caesars-Eldorado deal
The Indiana Gaming Commission on Friday approved Eldorado Resorts Inc.’s acquisition of Caesars Entertainment Corp.’s four Indiana casino properties, with major conditions.
Simon Property Group diving into retail ownership
Simon is veering into retailer ownership in a substantial way, emboldened by its successful partnership with two other firms to buy the teen-oriented mall chain Aeropostale out of bankruptcy court in 2016.
Owner of Hoosier Park, Indiana Grand on verge of $17.3B sale
Approval of the acquisition of Caesars Entertainment in coming days from regulators in Indiana and New Jersey would create the world’s largest casino operation.