Indiana Limestone sold to Ohio company
A Cleveland-based private equity firm called Resilience Capital Partners has purchased Indiana Limestone Co. from Johnson Ventures. Terms were not disclosed.
Mergers & Acquisitions
Articles
Simon CEO: Mall owner has ‘firepower’ for deals
Indianapolis-based Simon Property Group Inc., the U.S. shopping-mall owner that paid $2.3 billion this year for an outlet-center business, has plenty of capital for more purchases, CEO David Simon said Tuesday.
Feds require Simon to sell outlet centers
The U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
KAR Auction reports higher profit, revenue
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.
Bebe Paluzza trade shows sold to industry vets
Bebe Paluzza Productions, which started as a local trade show for parents and grew into a series of consumer events staged in five cities, has been sold to two industry veterans who want to continue that expansion.
American Commercial Lines sued over $777M buyout bid
Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.
Home Health Depot acquires Arcadia subsidiary
The division purchased by Home Health Depot markets and sells home health related items via mail and online. Terms of the deal were not disclosed.
Jeffersonville shipyard part of proposed $777M deal
American Commercial Lines Inc. announced Monday that Los Angeles-based Platinum Equity has offered a $777 million for the company, which includes the Jeffboat shipyard in Jeffersonville.
German American Bancorp acquires Bank of Evansville
American Community Bancorp Inc.’s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.
Indianapolis, Fort Wayne brokerages complete merger
Ash Brokerage Corp. and InSource Inc. have merged to create Ash InSource LLC, a company with annual fixed and equity-indexed annuity sales of more than $1 billion.
UAW rejects pay cuts; local GM plant could close
Union employees at General Motors' Indianapolis metal-stamping plant have overwhelmingly rejected a proposed pay cut that would have kept the facility open.
Southwest Airlines to buy AirTran for $1.4B
Dallas-based Southwest Airlines would bump Delta Air Lines from top carrier spot at Indianapolis International Airport when it acquires Orlando-based-based AirTran in a deal announced Monday. Southwest/AirTran would have about 33 percent of the Indianapolis market, airport officials said.
Indy metal-stamping plant faces many hurdles
Persuading workers at General Motors' Indianapolis metal-stamping plant to accept a pay cut would be a feat, but it won't be the last challenge that JD Norman Industries would face.
Harding Dahm drops Grubb & Ellis, strikes merger deal
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
Lacy company takes stake in Oregon logistics firm
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
Southern Indiana’s Grand Victoria Casino sold for $43M
Las Vegas-based Full House Resorts on Monday announced plans to purchase the riverboat casino in Rising Sun, saying it could improve profitability.
Hat World acquires New York sporting goods dealer
The purchase of Anaconda Sports helps Hat World to grow its LIDS Team Sports division, created to expand the Indianapolis-based company’s reach beyond hat retailing.
Indianapolis software firm RealMed acquired
Health care software firm RealMed Corp. will keep its base of operations in Indianapolis after being acquired by health information exchange provider Availity LLC of Jacksonville, Fla. Terms of the deal announced Wednesday were not disclosed.
UPDATE: Emmis shares slide after firm says deal in peril
A private-equity firm backing Emmis CEO Jeff Smulyan’s buyout signed off on a compromise, but then changed its mind.
ExactTarget acquires Australian distributor
E-mail marketing firm’s purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is
the third for ExactTarget in the past year.