Cummins sells exhaust business to Global Tube
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
Deals
Articles
Lack of a disclosed price kept deals off the list
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from OneAmerica’s acquisition of benefits firm McCready and Keene Inc. to Herb Simon’s pickup of the Kirkus Reviews, a venerable journal of prepublication book reviews. • Bloomington Hospital was merged into Clarian Health on Jan. 1. • Indianapolis-based […]
Ratio Architects acquires North Carolina firm
Ratio Architects Inc., the area’s fourth-largest architectural firm, has acquired Cherry Huffman Architects in Raleigh, N.C.
Audiovox agrees to buy local speaker maker Klipsch
Audiovox said in a statement, though, that the deal is “subject to a number of contingencies.” Indianapolis-based Klipsch was founded in 1945 and has 130 local employees.
Shareholders approve FinishMaster deal
FinishMaster Inc.’s shareholders this week approved a deal to sell the Indianapolis-based company to a subsidiary of Uni-Select Inc. for $172 million.
UPDATE: Aprimo will stay put after $525M acquisition
Marketing software company Aprimo Inc. will stay in Indianapolis after being sold for $525 million to Dayton, Ohio-based based data storage giant Teradata Corp., Aprimo CEO Bill Godfrey said Wednesday.
Platinum Equity wraps American Commercial buyout
The sale of inland marine shipping company American Commercial Lines Inc. to an affiliate of Platinum Equity closed on Tuesday. Jeffersonville-based ACL was one of the state’s largest public companies.
Software firm Aprimo to be sold for $525M
Indianapolis-based marketing software maker Aprimo Inc. will be sold to an Ohio data-storage company for $525 million, Teradata Corp. said Wednesday. Aprimo, led by co-founder Bill Godfrey, pulled plans to go public two years ago.
Glick partnership buys Maxwell apartment building
Gene B. Glick Co. and Milhaus Development LLC have purchased The Maxwell from Star Financial Bank. Located at 530 E. Ohio St., the project originally was developed as condos by Kosene & Kosene.
Prudential Indiana adds two Coldwell Banker offices
Bringing Carmel and Avon offices under the Prudential brand should help the agency increase its presence in the metropolitan area, particularly on the west side.
British mall owner rejects Simon financing plan
Capital Shopping Centres Group Plc, Britain’s biggest shopping-mall owner, rejected a financing plan that would have given potential suitor Simon Property Group Inc. a larger stake in the company.
FinishMaster to be acquired in $172M deal
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
Lacy company takes stake in Oregon logistics firm
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
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.
Casino operator Centaur aims to exit bankruptcy much leaner
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
Local union boss on GM talks: ‘They’re forcing this upon us’
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over
public protest of 650 local union
workers.
UPDATE: Stamping plant suitor gets time to negotiate
There’s more time for Illinois-based JD Norman Industries to hammer out a deal to buy a General Motors stamping plant
in Indianapolis, potentially saving hundreds of local jobs.
Union leaders meeting with GM plant bidder
United Auto Workers official Maurice "Mo" Davison is making one last attempt
to put a deal together for a Chicago-area firm to buy the General Motors stamping plant southwest of downtown Indianapolis,
which is slated to close in 2011.
Smulyan buyout plan could take Emmis full circle
The going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
Hat World to acquire Sports Avenue stores
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.