Schmidt Associates buys Louisville architectural firm
Schmidt Associates principal and CEO Sarah Hempstead said her downtown firm has been looking to expand by tapping into new markets.
Mergers & Acquisitions
Articles
Parking market leader Denison acquires top competitor
Indianapolis-based market leader Denison Parking Inc. on Monday said it acquired EZ Park of Indianapolis Inc., the second largest parking operator in central Indiana.
Local security systems dealer Defenders acquired by ADT for $381M
Defenders owners David and Jessica Lindsey, who founded their home security and automation company in 1998, received roughly 16.3 million shares of ADT common stock for their 100% stake in the company, ADT said.
Fast-growing Office360 acquires Kentucky office-supply firm
The acquisition of 65-year-old Cardinal Workplace Solutions is the 10th for Office360 since its launch in 2008 and will help the company expand its footprint in Kentucky and Ohio.
2019 YEAR IN REVIEW: Elanco strikes $7.6B deal for Bayer’s animal-health unit
The deal, which is expected to close by mid-2020, will swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
2019 YEAR IN REVIEW: ClearObject, Doxly, Synovia among year’s big tech acquisitions
In one of the year’s highest-profile tech deals, two out-of-state private equity firms took a majority stake in Fishers-based tech company ClearObject, which for years has ranked among the fastest-growing firms in the Indianapolis area.
New owner of Giorgio’s Pizza hopes to sling slices beyond downtown
Elif Ozdemir purchased the eatery at 9 E. Market Street in November with the goal of keeping the existing pizzeria largely as is—although she plans to add a food truck.
Local educational technology firm acquired by Silicon Valley company
Mimir Corp., a five-year-old Indianapolis-based educational technology company, announced Tuesday it has been acquired by Silicon Valley-based HackerRank. The California-based buyer said it would retain Mimir’s employees and grow its presence in Indianapolis.
Faegre Baker Daniels confirms merger with Drinker Biddle & Reath
The combined firm, Faegre Drinker Biddle & Reath LLP, will have 1,300 attorneys and consultants in 22 offices, making it one of the nation’s 50 largest law firms. The merger does away with the names of Baker and Daniels, which had been part of the firm’s moniker for 130 years.
Local tech startup Sigstr sold to Atlanta-based marketing tech firm
Sigstr, which sells software that enables companies to leverage employee emails for marketing purposes, is expected to maintain—and grow—its Indianapolis presence under the Terminus name, company officials said.
Merged not-for-profit group to push redevelopment out to townships
Renew Indianapolis will merge with the King Park Development Corp. on Jan. 1.
Local steel fabricator acquired by Chicago-based investment firm
Indianapolis-based Circle City Rebar will continue to operate under the leadership of Frank Davis, who founded the firm in 2005.
Fast-growing contractor Gemco acquires Carmel firm
Indianapolis-based Gemco Constructors LLC has acquired Carmel-based Real Mechanical Inc., a mechanical contracting firm founded in 1978.
Renew Indianapolis merging with King Park Development Corp.
Beginning in January, the community development organizations will operate as one, with a joint 15-member board of directors and a four-person executive leadership team.
One of city’s largest, oldest benefits firms to be acquired
Nyhart has agreed to be acquired by Dresher, Pennsylvania-based Ascensus, the nation’s largest independent provider of retirement and college savings services.
EBay selling StubHub to Viagogo for $4.05 billion
StubHub is the largest resale ticket marketplace in the U.S., with about $1.1 billion in net transaction revenue in 2018, according to EBay filings.
Louis Vuitton maker to buy Tiffany & Co. for $16.2 billion
The offer comes as luxury goods companies have been wrestling with changing habits of shoppers who are increasingly buying online.
KAR locked in legal battle over $25M acquisition
Auto auction giant KAR Global’s acquisition of a Florida-based locksmithing company has blown up in spectacular fashion, a meltdown it blames squarely on the man who founded the business.
Entrepreneur who purchased Channel 8 plans upgrades, hiring spree
An Indianapolis native, DuJuan McCoy expects to use his status as a local owner and the wisdom he’s acquired as a national turnaround artist to improve the station’s fortunes.
Gannett-GateHouse merger will help investors, harm journalists, union report says
The country’s leading newspaper union issued a scathing analysis of the proposed Gannett-GateHouse merger Friday, saying the deal would drive down wages and employment for journalists at hundreds of newspapers. The merger will affect a dozen newspapers in Indiana.