Lucas Oil sells Indianapolis-based motorsports TV network
MAVTV has been owned by Lucas Oil Co. since 2011. The network and its new mobile application are expected to broadcast a combined 300 or more live races this year.
Mergers & Acquisitions
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Dollar Tree selling Family Dollar to private equity firms for $1B
The acquisition price marks a massive discount compared with how much Dollar Tree Inc. paid to buy Family Dollar in 2015 after a bidding war with rival Dollar General.
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Indy-based Bar Keepers Friend maker sold to East Coast investment firm
Bar Keepers Friend was developed in Indianapolis in 1882 and has been owned by SerVaas Laboratories since 1956.
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Hubler Automotive Group acquires Beck Toyota dealership
The Beck dealership began selling vehicles near the intersection of U.S. 31 South and Stop 11 Road in 1986.
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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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Articles
Kroger blames Albertsons for merger’s demise in new court filings
Kroger said in Tuesday’s court filing that it should not be forced to pay Albertsons a $600 million termination fee as well as billions of dollars in legal fees.
Whiteland Raceway Park acquired by California company
The track was owned by Andy O’Gara and his wife, Indy 500 driver Sarah (Fisher) O’Gara, who bought the raceway in 2018.
Proposed legislation could impact Indiana health care mergers
Health care mergers and acquisitions continue to be a hot topic in Indiana, with the Legislature considering a bill this year geared toward creating more transparency and state oversight toward those deals.
Dentons announces expansions to Turks and Caicos, Thailand
Dentons, a global law firm with offices in Indianapolis, said it would become the first and only global law firm to establish a presence in the Turks and Caicos Islands.
Google to buy cybersecurity firm Wiz for $32B in largest deal in its history
The acquisition of cybersecurity firm Wiz is expected to boost the tech giant’s in-house cloud computing amid burgeoning artificial intelligence growth.
PepsiCo buys prebiotic soda brand Poppi for nearly $2B
Pitched on Shark Tank in 2018, the soda, marketed as a healthy alternative to traditional soft drinks, has quickly grown in popularity.
Craft beer events company Indiana On Tap sold to in-state buyer
Company founder Justin Knepp said Indiana on Tap’s sale was completed Friday morning to Andrew Cornwell.
Walgreens agrees to be acquired by private equity firm for almost $10B
A buyout to take the drugstore chain private would give it more flexibility to make changes to improve its business without worrying about Wall Street’s reaction. Walgreens has been a public company since 1927.
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.
Taft expands into Florida through merger with Mrachek Law
Taft sought the merger because of the market dynamics in West Palm Beach and the growing needs of its clients to have a strategic beachhead in Florida.
Indianapolis-based Calumet to sell portion of Royal Purple business for $110M
The sale includes Royal Purple’s synthetic industrial product line, which encompasses gear lubricants, bio-environmental lubricants, stationary natural gas engine oils, hydraulic lubricants, and compressor oils.
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.
Trump: Nippon Steel to invest in U.S. Steel instead of buying it
Nippon Steel in December 2023 made what was a nearly $15 billion bid to buy U.S. Steel, creating a sudden political issue in the 2024 presidential election.
Longtime builder Davis Homes acquired by Fort Wayne-based investment firm
Indianapolis-based Davis Homes, which has roots dating to the 1950s, is one the largest residential builders in central Indiana.
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.
Bankrupt Spirit Air rebuffs new takeover offer from Frontier
Spirit Airlines Inc. rejected a new acquisition offer from the parent of Frontier Airlines but said it remains open to a long-discussed combination of the budget carriers.
New player arrives in U.S. Steel-Nippon takeover saga with goal of quashing it
U.S. Steel said it remains committed to pursuing a deal with Nippon, believing it is best for the U.S. steel industry, supply chains and for steel workers.