Local tech company Doxly acquired by Chicago-based firm
Doxly, which helps clients collect and manage legal documents through a cloud-based platform, has been purchased by Litera Microsystems, a growing provider of document-management software.
Mergers & Acquisitions
Articles
Indiana Members Credit Union acquiring community bank for nearly $35M
The Indianapolis area’s largest credit union is joining a small but growing movement in the financial services industry by agreeing to acquire a community bank.
Merger brings together two Indianapolis-area elder law firms
Carol Applegate and Lisa Dillman have joined their firms to form Applegate and Dillman Elder Law, they announced Tuesday.
Two Carmel law firms join forces
Hollingsworth & Zivitz has merged with Roberts Means LLC to form Hollingsworth Roberts Means, the new firm announced Tuesday.
Martinsville sock-maker FBF Originals ready to run
The Morgan County town’s best-kept entrepreneurial secret might not be a secret much longer, thanks to private equity ownership, an expanded management team, and ambitious plans to double revenue.
Merger could lift Planned Parenthood
A new alliance with the Seattle-based affiliate chapter might be the key to the turnaround and longevity of Planned Parenthood of Indiana and Kentucky.
Bleak newspaper-industry outlook spurs buyout of Star parent
On Aug. 5, GateHouse—a New York-based chain backed by an investment firm—announced a deal to buy Gannett for $1.4 billion.
Newspaper giants Gatehouse, Gannett likely to seek cost savings after merger
Efficiencies wrought by the merger might result in publications that rely less on local reporters and more on USA Today-type stories produced or edited remotely and published in dozens of the company’s publications.
Indy Habitat for Humanity acquires Hamilton County affiliate
The consolidated organization is now serving Hendricks, Hancock, Marion and Hamilton counties.
Ratio merging with Denver-based architectural firm
Indianapolis-based Ratio Architects Inc., the city’s largest architectural firm, announced Tuesday that it was merging with Denver-based Humphries Poli Architects.
Ford Motor unit acquires DoubleMap successor Journey Holding
Journey Holding Corp.—formed this year through the merger of fast-growing Indianapolis-based tech company DoubleMap Inc. and Salt Lake City-based Ride Systems LLC—is being acquired by a transit-systems technology unit of Ford Motor Co.
Butler Toyota acquired by Georgia-based dealership giant
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
Pfizer’s blockbuster deal with Myland expected to reshape drug industry
The new publicly traded company will have sales of about $19 billion to $20 billion in 2020, the drugmakers said in a statement.
Vail Resorts acquiring 17 ski areas, including Paoli Peaks in Indiana
Colorado-based Vail Resorts Inc. plans to take over 17 U.S. ski areas ranging from the Northeast to the Midwest by acquiring Peak Resorts Inc. for $264 million.
After years of pruning, Emmis ready for reinvention
CEO Jeff Smulyan says he still loves radio, but the 72-year-old pines to own businesses that have real growth potential, rather than fighting over nickels and dimes in a stagnant industry.
MainGate to be acquired by New York-based hospitality firm Legends
MainGate, a sports merchandising and marketing firm headquartered at 7900 Rockville Road on the city’s far-west side, employs about 220 people in the Indianapolis area.
New owner to push Indiana Limestone into global markets
The newly merged company has big plans for broad rollout of the natural stone, which is considered superior to other types of limestone quarried throughout the world.
Elanco in merger talks with pharmaceutical giant Bayer, sources say
The multibillion-dollar merger would combine Elanco, the fourth-largest global player in animal health, with Bayer’s pet-health division, which ranks fifth in veterinary medicine, Reuters reported. The combination would create a dominant force in the industry.
Emmis makes deal to sell two New York stations, form new public company
Emmis Communications said it is selling two of its three New York City radio stations to investment firm Standard General. In return, Emmis will receive $91.5 million in cash plus a significant share of a new public company that will own the two stations. Emmis stock soared after the deal was announced.
Cummins to acquire Canadian hydrogen fuel-cell maker for $290M
The move comes as Cummins, long known as a diesel engine powerhouse, expands its efforts in alternative powertrain technologies.