One of central Indiana’s oldest web developers acquired
New England-based SilverTech Inc. plans to expand to its second market by buying local stalwart Bitwise Solutions, which was founded in 1991.
Mergers & Acquisitions
Articles
Former Lilly CFO Rice to lead CVS Caremark, report says
Derica Rice, 53, one of the nation’s most powerful black executives, retired from Indianapolis-based drugmaker Eli Lilly and Co. in December, after the company passed him over when naming a new CEO.
Indianapolis-based Bluelock acquired, expects to grow locally
The 12-year-old local company is being acquired by a larger IT firm headquartered in California. Bluelock CEO Christopher Clapp said the deal was put together “to drive growth.”
Lilly revives proposals that would lower takeover barriers
The company’s board is asking shareholders to support two corporate-governance proposals, including one that would eliminate a requirement that buyout bids garner at least 80 percent shareholder approval.
Tech firm Octiv to be acquired but remain in Indianapolis
Founded in 2010 as Tinderbox Inc., Octiv will continue to operate under its current moniker until leaders determine how it will fit into the brand of Colorado-based document automation firm Conga.
$1B First Financial-MainSource deal gives boost to army of advisers
Completing the transaction will be highly profitable for the investment banking firms representing the institutions.
Is fast-growing rival of Lids frontrunner to buy chain?
Some analysts say the logical buyer for Zionsville-based Lids Sports Group is Fanatics Inc., an online-only rival that has been on a tear while Lids has struggled.
Local ed-tech firm acquired by industry goliath, to keep local presence
VeriCite Inc., a Fishers-based maker of plagiarism-detection software, is being acquired by Turnitin, a Silicon Valley-based leader in the plagiarism-detection industry. Turnitin officials said they will maintain and grow its local presence.
Lids parent ‘exploring’ sale of struggling retailer
Retail conglomerate Genesco Inc. said Tuesday that it has hired an outside firm to advise it in the potential sale of Zionsville-based Lids Sports Group, its weakest-performing division.
Carmel-based KAR Auction Services acquires tech startup Stratim
KAR has acquired a San Francisco-based startup that uses technology to help companies manage fleets of vehicles.
Terry Lee Honda in Avon has new owner, name
The buyer is the same publicly traded firm that purchased Hare Chevrolet last year in Noblesville, and it’s interested in collecting more Indy-area dealerships.
Banks to sell off five Indiana branches as part of $1B merger
Cincinnati-based First Financial Bancorp and Greensburg-based MainSource Financial Group have agreed to sell off five bank branches in Indiana to resolve regulatory concerns that could stand in the way of their planned merger.
Keurig to buy Dr. Pepper Snapple, creating beverage giant
The companies, both the result of previous mergers, would bring under one tent global brands like Dr. Pepper, 7UP, Snapple, A&W, Mott's, Sunkist and Keurig's single-serve coffee makers.
Fear, respect for Amazon fuels deals, alters corporate strategies across Indiana
More deals could be on the horizon as dozens of companies—including local powerhouses such as Simon, Eli Lilly and Anthem—game out what Amazon’s huge ambitions could mean for their bottom lines.
Mergers, acquisitions off to hottest start since 2000
North American companies, which fell out of favor among acquirers last year, are back on the shopping list in 2018, making up almost 60 percent of all announced transactions in 2018.
Lack of disclosed price kept these deals off the list
Here are notable Indianapolis-area mergers and acquisitions that closed in 2017 for which financial details were not available.
Stake in Indiana-based OneMain Holdings sells for $1.4B
Apollo Global Management LLC and Varde Partners have agreed to buy Fortress Investment Group’s stake in Indiana-based consumer lender OneMain Holdings Inc.
Claymon brothers sell off another mobile office business
Brent and Matthew Claymon, the entrepreneurs known for selling Pac Van Inc. for tens of millions of dollars in 2006, have sold another Indianapolis-based company that leases mobile offices and storage units.
Disney buying Fox assets in $52B split of Murdoch empire
The sale marks an epic downsizing for Rupert Murdoch, an 86-year-old former Australian who spent his adult life amassing the assets that made him a kingmaker in U.S. and U.K. politics.
All eyes on Anthem after CVS megadeal
Pressure is building on the insurer to drop its conservative, bread-and-butter approach after one of its biggest rivals, Aetna Inc., agreed to be bought by drugstore chain CVS Health for $69 billion.