Firm’s Klipsch purchase hasn’t rocked Wall Street
Voxx International Corp.’s $166 million buyout of Indianapolis-based speaker maker Klipsch Group two years ago so far hasn’t generated the excitement on Wall Street that Voxx wants.
Mergers & Acquisitions
Articles
Barnes & Thornburg’s longtime chief gives suitors cold shoulder
Alan Levin has been managing partner of Barnes & Thornburg LLP for 16 years, far longer than the heads of most major Indianapolis law firms. But what most sets him apart is that he’s built his firm into a national practice by taking the maverick approach of going it alone instead of merging with an out-of-state rival.
Local buyout firm acquires New York shapewear maker
Indianapolis investment firm E&A Industries has acquired a fast-growing New York apparel firm specializing in body-slimming fashions, the companies announced Tuesday.
Local tooling manufacturer acquired by private-equity firm
Techniks Inc., a designer and distributor of industrial cutting tools, has been acquired by Tenex Capital Management. Tenex, in turn, merged Techniks into another of its companies, Jasper-based Nap Gladu, to form a new holding company.
Local Taco Bell franchisee acquired by California firm
Southern Bells Inc., an Indianapolis-based franchisee that operates 76 regional fast-food restaurants, has been acquired by the country’s largest franchisee of Applebee’s restaurants.
Muncie-based glass maker to be sold for $1.6B
Ardagh Group said it has agreed to buy Indiana-based glass bottle and jar manufacturer Verallia North America, which has about 4,400 employees at 13 manufacturing plants in the United States, including more than 650 workers in Indiana.
Tobias Insurance agency merges with Florida firm
Tobias Insurance, the Indianapolis area’s eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners. Tobias will retain its name, employees and leadership.
Local elevator service firm bought by German company
The Indianapolis elevator repair and installation company has been acquired by ThyssenKrupp AG. Amco Elevator was founded in 1965 and had been locally owned until the purchase.
Big drug deals expected to return in 2013
Pharmaceutical companies including Pfizer Inc., Bristol-Myers Squibb Co. and Eli Lilly and Co. could be ready to start making major acquisitions again.
Celadon snaps up two more trucking companies
The Indianapolis-based company's Celadon Trucking Services subsidiary has agreed to acquire Warren-based Rock Leasing Inc. in northeast Indiana and Wadley, Ala.-based Kelly Logistics Inc.
WellPoint completes $4.5B Amerigroup acquisition
The deal gives the Indianapolis insurer a bigger slice of the growing market of patients covered by Medicaid, the federal-state health program for low-income people.
G3 Technology Partners acquired by Minnesota firm
G3 Technology Partners, an Indianapolis-based business communications company with 120 employees, has been acquired by Eagan, Minn.-based ConvergeOne, the companies announced Tuesday.
Feds clear WellPoint’s $4.5B acquisition of Amerigroup
The government has dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup Corp., the Justice Department said Wednesday, clearing WellPoint to proceed with the $4.46 billion deal.
Plenty of turbulence ahead, despite Republic’s progress
Analysts are impressed by Bedford’s cost-cutting achievements at Republic’s scheduled-service carrier, Frontier Airlines, and his early progress in restructuring its Chautauqua unit, which flies small regional jets on contract for branded carriers.
ExactTarget eyed as attractive takeover target
Indianapolis-based ExactTarget Inc., the fast-growing e-mail marketer that went public in March, is likely being looked at as a possible takeover target by software giants including Microsoft, Oracle and SAP, according to industry experts.
Hillenbrand paying $530M for German company
The Batesville-based conglomerate best known for making caskets is making its biggest move yet to diversify away from the funeral care business.
Ingram Micro completes acquisition of BrightPoint
Ingram Micro Inc. said Monday that it has completed its roughly $840 million acquisition of Indianapolis-based mobile-device logistics provider BrightPoint Inc.
ExactTarget aims to be one-stop shop with acquisitions
Indianapolis-based ExactTarget Inc., which grew up as an e-mail blasting company focused on consumers, is trying to entrench itself as a one-stop shop for smartly interacting with all manner of customers.
ExactTarget buys interactive marketing firms for $116M
The newly public tech company said it paid $95.5 million for Atlanta-based Pardot LLC and $21 million for Indianapolis-based iGoDigital.
Local furniture maker acquires northern Indiana company
Facility Concepts Inc.’s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about 100 employees and 250,000 square feet of manufacturing space.