First Financial aims to use Flagstar deal as springboard
A deal scheduled to close next month will give Cincinnati-based First Financial Bancorp the foothold it has long sought to build a major presence in the Indianapolis market.
Mergers & Acquisitions
Articles
SHERLOCK: The sensibility of responsible acquisitions
In a time when capital for growth is hard to come by, acquisitions can provide a much-needed boost not only to an entrepreneur but also to our nation’s economic recovery.
Celadon snub obscures other purchases
Celadon Group has swallowed, whole or in part, nine trucking firms in as many years. But the acquisition momentum lurched to a halt late this month like a semi stopped by a runaway-truck ramp when it was rebuffed by Arkansas-based USA Truck. Since then, Celadon hasn’t signaled its next move.
Baker & Daniels completes merger with Minneapolis law firm
One of the city’s largest and oldest law firms said Wednesday that it has completed its merger with Minneapolis-based Faegre & Benson LLP. It will operate as Faegre Baker Daniels beginning Jan. 1.
Maregatti Interiors acquired by HKS architectural firm
Indianapolis’ largest commercial interior design business has been purchased by the national architecture firm that designed Lucas Oil Stadium.
Klipsch purchase helps fuel Audiovox sales
Audiovox's CEO credited Klipsch with helping Audiovox report strong financials Tuesday. Audiovox completed its purchase of the Indianapolis speaker maker in March.
Law firm merger activity on the rise
Ice Miller is among the firms that merged this year and Baker & Daniels is exploring a merger.
Herff Jones jumps into cheerleading
Yearbook-and-class-ring maker Herff Jones on Aug. 1 bought Memphis-based Varsity Brands, the top supplier of cheerleader uniforms, as well as the force behind cheerleading’s evolution into a stand-alone sport. Varsity will bring Herff about $250 million in annual revenue through its uniform sales, training camps and competitions.
Citizens Energy gets interest-rate bargain on bonds sold for utility purchase
Stock-market swoon contributes to favorable terms on purchase of city’s water, sewer systems.
Baker & Daniels in merger talks with Minneapolis firm
Indianapolis’ second-largest law firm could complete a deal with Minneapolis-based Faegre & Benson LLP in October. A need to get larger and to establish a regional presence is fueling the talks.
Herff Jones completes Varsity Brands acquisition
The Indianapolis-based class ring and yearbook maker has completed its acquisition of Memphis-based Varsity Brands, which manufactures and distributes apparel for cheerleading and dance activities.
Pfizer won’t break up animal unit for potential Lilly bid
Pfizer Inc., the world’s biggest drugmaker, said it isn’t interested in breaking up its animal health unit after Indianapolis-based Eli Lilly and Co. expressed interest in buying some of its products.
UPDATE: Medco acquisition could lead to local consolidation
It’s not yet clear how Express Scripts Inc.’s $29.1 billion acquisition of rival Medco Health Solutions will affect the companies’ central Indiana operations—or their 800-plus employees at two facilities here.
Express Scripts to buy Medco for $29.1B in cash, stock
Express Scripts Inc. agreed to buy Medco Health Solutions Inc. for $29.1 billion to become the largest pharmacy-benefits manager in the United States. Both have central Indiana operations.
Merger of key airlines at Indianapolis grounds three flights
It’s more difficult to get to New York LaGuardia and some other business hubs following the combination of Southwest Airlines and AirTran Airways.
Stanley Black & Decker keys in on overseas security market
The Connecticut-based company on Monday agreed to buy Sweden’s Niscayah Group AB for $1.2 billion—its biggest deal since Stanley Works’ $4.4 billion purchase of Black & Decker Corp.
Troubled economy fueling hospital deals
Battered by stagnant population growth and blue-collar job loss, Howard Regional Health is merging with Indiana University Health—a deal that reflects the challenges faced by hospitals in Indiana’s outlying cities.
Pilots OK cuts, allowing Republic to pursue restructuring plan
Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.
IU Health strikes deal with Central Indiana Cancer Centers
Central Indiana Cancer Centers sold its five facilities to IU Health and transferred its 150 employees to the Indianapolis-based hospital system. The 16 physicians in the practice will remain independent, but they have signed a service agreement with IU Health that pulls the two entities into a tight embrace.
Republic pins Frontier Airlines’ fate to pilot vote on savings
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.