Indianapolis-based startup Pillar acquired by fellow HR tech company
Pillar, which launched out of High Alpha in 2021, offers a platform employers can use to help evaluate job candidates during the interview process.
Deals
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Local dealmakers say 2025 should be a big year for M&A activity
The promise of a lighter regulatory environment from the Trump administration, lingering effects of the pandemic and a proliferation of would-be buyers all suggest 2025 will be a year of robust dealmaking.
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BCforward CEO Justin Christian to acquire NYC-area firm in $29M deal
Christian has set up a new special purpose entity that will purchase all of tech staffing firm TSR Inc.’s outstanding stock for $13.40 per share.
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Pacers sign uniform patch sponsorship deal with Fishers-based Spokenote
At Wednesday’s home game against the Milwaukee Bucks, the Pacers will debut their new Spokenote patches, which feature a black-and-white QR code. No other major sports team has ever had a QR code on its jersey until now, the Pacers said.
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Fishers-based marketing-tech firm Vibenomics acquired
Vibenomics, which has raised about $32 million in investment capital since its 2016 launch, is now owned by Austin, Texas-based Mood Media, a much larger player in marketing tech field.
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Articles
Indianapolis-based Gate Neurosciences to acquire California-based startup
Indianapolis-based Gate Neurosciences, which is in clinical trials of a medicine to treat depression, plans to acquire California-based biotech startup Boost Neuroscience.
Thurston Springer acquires Florida-based financial firm
Indianapolis-based financial firm Thurston Springer Financial has acquired Florida-based Peak Reps in a deal that closed Jan. 31.
Allegion plans to acquire Australian company that makes door hardware
Allegion, which has made several acquisitions over the past year, is headquartered in Ireland, but its Americas division is based in Carmel.
Financial Center to absorb Post Office Credit Union in merger
Financial Center First Credit Union, which is among the Indianapolis area’s largest credit unions, plans to merge with the Indianapolis Post Office Credit Union.
Mergers, acquisitions without publicly released financial details
Here are notable Indianapolis-area mergers and acquisitions that closed in 2024 for which financial details were not available.
IAC approves plan to spin off company once known as Angie’s List
New York City-based media conglomerate IAC, which acquired Indianapolis-based Angie’s List in 2017, announced Monday that it plans to spin off its ownership stake in the company, which now operates as Angi Inc.
Old National to acquire Minnesota bank in $1.4B deal
Wall Street appeared to welcome the deal. Shares of Evansville-based Old National were trading at $23.30 shortly after 11 a.m. Monday, up 7.6% from Friday’s closing price.
Indianapolis-based KSM acquires New York City-based firm
Katz Sapper & Miller, the largest accounting firm in Indianapolis, has significantly increased its presence in New York City through the acquisition.
Fishers-based Qumulex acquired by Texas company
Fishers-based Qumulex offers cloud-based video surveillance and access control systems for businesses. The company has been acquired by Texas-based Synerion USA Inc.
Indianapolis-based Deflecto acquired for $103.7 million
Indianapolis-based Deflecto, which describes itself as the world’s leading maker of chair mats, bicycle reflectors and dryer venting supplies, has been acquired by New York City-based Acacia Research Corp.
Indianapolis-based SBC Wealth Management merged into NYC firm
SBC, founded in 1983, is now part of New York City-based Cerity Partners, which has dozens of offices around the U.S. and about $104 billion in assets under management.
Cincinnati-based investment bank opens Indianapolis office
Cincinnati-based ArkMalibu, which represents business owners who are looking to sell their companies, has opened an Indianapolis office that will be led by local entrepreneur Phil Daniels.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
Indianapolis-based Greenwalt CPAs to merge with Cincinnati firm
Following the merger, which takes effect Jan. 1, Greenwalt will operate under the Barnes Dennig & Co. name.
Indianapolis-based software startup Champion lands $3.3M in seed funding
Champion, a marketing data firm founded in 2023 by former employees of Salesforce and Aircall, has raised a total of $5.3 million since its launch.
Fishers-based Flexware acquires North Carolina-based engineering services firm
Fishers-based Flexware Integration LLC, a fast-growing IT services provider, has acquired Castle Hill Technologies LLC, a North Carolina-based company that provides engineering services to the pharmaceutical industry.
Indianapolis tech startup Arrive calls off planned merger
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
Broad Ripple-based PR firm Blastmedia acquired by Boston firm
Blastmedia, a public relations firm which serves business-to-business software companies, is now doing business as PANBlast, a division of PAN Communications. All 40 Blastmedia employees have remained with the company, PAN announced Thursday.
IEDC announces $27.1B in pledged investments so far in 2024
This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.