Fortune buyout would help exec out of financial jam
Sale to managers would alleviate problems for company’s 70-year-old namesake and keep firm from being seized by bank.
Deals
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Local company part of $470 million paper mill deal
Indianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.
Wheaton acquiring residential mover Bekins
Wheaton World Wide Moving is buying the nation’s oldest and one of its largest household movers, Bekins Van Lines. The deal is expected to bring 38 jobs to Wheaton’s northeast-side headquarters.
Purdue eyes millions in revenue from tech licenses
Companies looking to license and crunch massive amounts of data as part of their product development are turning to Purdue University for help.
Acquisition-minded investors eye Indiana companies
As deadlines loom, private equity firms, others, move to deploy capital.
Glucose monitor deal helps Roche catch up
Roche Diagnostics will partner with a San Diego firm to incorporate its continuous glucose monitoring sensor with a wireless handheld device Roche is developing to help diabetics test their blood sugar and track their glucose levels throughout the day.
Duke Realty’s massive office sale wins praise on Wall Street
Investors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office buildings for $1.1 billion.
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.
Law firm merger activity on the rise
Ice Miller is among the firms that merged this year and Baker & Daniels is exploring a merger.
Texas firm buys water-park hotel on northwest side
General Hotels Corp. has finalized the sale of the Caribbean Cove Hotel & Water Park, averting closure of the 344-room hotel and saving 266 jobs.
Cummins to sell light-duty filtration business
Engine-maker Cummins Inc. said Thursday that it will sell its light-duty filtration operations to Industrial Opportunity Partners LLC, a private equity firm run by one of its executives.
Not-for-profit seeks purchase that would aid Easter Seals
Crossroads Industrial Services Chief Operating Officer Curtiss Quirin has a certain sense of urgency as he looks to buy a business to add revenue to the not-for-profit contract manufacturer, because Crossroads provides jobs for people with disabilities, and generates a surplus that feeds the revenue-starved parent organization, Easter Seals Crossroads.
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.
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.
Communications giant WPP buys stake in Just Marketing
One of the world’s largest communications firms has acquired a stake in Just Marketing International, a locally based motorsports marketing firm that has been valued at about $100 million.
Emmis selling three major radio stations
Emmis Communications Corp. has reached an agreement to sell three big-market radio stations to a partnership involving a private equity firm and a prominent media executive, the company disclosed Tuesday morning.
WRTV up for sale
Station owner McGraw-Hill plans to sell its nine television stations, including the Indianapolis ABC affiliate. The impact on local operations is unclear.
Sleepy Klipsch buyer out to make some noise
Audiovox Corp., the Hauppauge, N.Y.-based company that recently bought the high-end audio firm Klipsch Group, hopes to use the $167 million deal to win over Wall Street.
Sport Graphics making its mark in Dallas this week
Locally based Sport Graphics scored a "six-figure" deal with the NFL to design, make and install all Super Bowl signage—in Dallas and Indianapolis.
Marcadia may fetch up to $537 million in sale
The December sale of Carmel-based Marcadia Biotech to Roche garnered at least $287 million—and as much as $537 million—for the company’s owners and could lead the Marcadia management team to launch a firm using one of Marcadia’s experimental diabetes medicines.