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.
Mergers & Acquisitions
-
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.
Read More -
Indianapolis-based Loy Instrument acquired by Texas company
Loy Instrument was founded in 1937 and provides process control, combustion, and industrial services for a variety of industries.
Read More -
Biden will decide on US Steel acquisition after influential panel fails to reach consensus
Nippon Steel of Japan has pledged to invest $2.7 billion in U.S. facilities, including blast furnaces in Gary and in Pennsylvania.
Read More -
Insurance-tech firm Remodel Health raises $100M in growth funding
The firm, which helps employers transition workers to individual health insurance plans, has more than doubled its workforce in the last year and hopes to go on an acquisition spree.
Read More
Articles
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.
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.
Banks could see M&A growth in 2025 with more favorable regulatory environment
Will more Indiana-based banks will be included in M&A deals this year? Probably. And if recent trends hold true, those deals likely will involve Indiana banks acquiring out-of-state institutions, not other Indiana banks.
Cleveland-Cliffs CEO says he wants to buy U.S. Steel if Nippon deal fails
Comments by Cleveland-Cliffs chief executive Lourenco Goncalves came after the Biden administration over the weekend extended the deadline for Nippon to abandon its $14.9 billion bid for U.S. Steel to June.
Medical software provider hc1 completes $6.25M funding round
The company said the funds would help it take advantage of its technology and expertise after its recent acquisition of Accumen, a Scottsdale, Arizona-based health care consultant.
Lilly acquires Scorpion Therapeutics in deal worth up to $2.5B
The Indianapolis-based drugmaker will acquire Scorpion’s STX-478, a once-daily oral treatment in early trials for breast cancer and other advanced solid tumors.
Deadline extended on Nippon’s bid for U.S. Steel, offering hope that deal isn’t dead
The new deadline, now in mid-June, was viewed by U.S. Steel—and investors—as an opportunity for the companies to complete the acquisition.
OrthoIndy to merge with Evansville, Fort Wayne practices
When the merger is completed in mid-2025, OrthoIndiana will operate 39 locations throughout Indiana with 160 physicians and more than 1,800 employees, the practices said.
Two Indianapolis lobbying firms join forces
Health care-centric lobbying firm KWK Management Group merged with the wide-ranging 1816 Public Affairs Group at the start of the year, the companies announced Tuesday.
Nippon, U.S. Steel file suit after Biden administration blocks $15B deal
The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
Companies signal court fight ahead after Biden blocks U.S. Steel sale
President Joe Biden’s decision to block Nippon Steel’s proposed purchase of U.S. Steel was a political act made in “clear violation of due process and the law,” the two companies said Friday
UPDATE: Biden blocks Nippon’s acquisition of U.S. Steel
Biden’s decision—attributed by other news organizations to unnamed sources—comes just days after Japan-based Nippon proposed giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity.”
Taft completes merger with Denver-based Sherman & Howard
Taft, which has the second largest presence of any law firm in Indianapolis, now has offices stretching from the Rocky Mountain region to Washington, D.C.