Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
The Fishers-based company’s latest acquisition realizes its transition from a niche repair firm for ultrasound components to a multinational imaging-machine supplier.
Lev will retain its name and operations in Indianapolis after being acquired by Cognizant, a publicly-traded company making its third cloud-related acquisition this year.
The acquisition appears to be the first big step in Emmis CEO Jeff Smulyan’s goal to reinvent the longtime Indianapolis-based media company by entering new lines of business.
250ok Inc., which employs about 55 people, will be the fifth major acquisition in the last two years for Boston-based Validity Inc.
zTrip, a five-year-old company based in Kansas City, has been buying taxi businesses at a fast clip, and now has more than 5,000 cabs in 21 cities.
Egis Capital Partners and ABS Capital Partners claim several high-profile ClearObject executives, including CEO John McDonald, deceived them about how much revenue and profit the company was projected to make.
The agreement announced Monday would bring together the maker of TurboTax, QuickBooks and other personal finance tools with one focusing on consumers’ access to financial products, such as finding the right loan or credit card.
Greg and Lisa Frazee, who opened Frazee Gardens in 2008, will continue to own and operate Brownsburg Landscape Co., which they founded in 1987.
Longtime local candy company The Best Chocolate in Town has been acquired by Indianapolis-based Newfangled Confections, which is known for it popular signature Frittle candy.
“We’ve gone from being an ankle biter to an 800-pound gorilla,” said Josh Garrett, Mobi’s co-founder and former president who now serves as Tangoe’s chief strategy officer.
Renaissance Electronic Services, an Indianapolis-based tech company that announced major growth plans in 2016, has been acquired by Atlanta-based Vyne, the companies announced Thursday.
The biggest takeover by a major U.S. bank since the 2008 financial crisis combines Morgan Stanley’s prowess and client-facing resources with E-Trade’s more than 5 million customers.
Victoria’s Secret, beset by falling sales and uncomfortable questions about its billionaire owner who has run the company for four decades, is being sold to the private company that owns Hot Topic and Talbots.
The merging companies, Word Systems Inc. and iRecord LLC, will operate as Word Systems LLC and retain all management and employees, officials said.
David Simon said Simon Property Group’s ability to buy a company for $3.6 billion in cash without having to turn to a third party for financing and without suffering credit rating downgrades is a testament to the underappreciated strengths of the business.
A federal judge has ruled in favor of Sprint and T-Mobile’s $26 billion merger, dismissing anti-competitive concerns and clearing the way for a deal that would create the nation’s third-largest wireless carrier.
The talks come as a wave of retail bankruptcies squeeze mall-oriented real estate investment trusts, putting pressure on the industry to consolidate.
The deal is the latest evidence of Simon’s willingness to step into an ownership role to rescue mall chains that overexpanded and made other blunders as the internet roiled the fashion-retailing industry.
CenterPoint Energy Inc. has agreed to sell two subsidiaries, including Indianapolis-based Miller Pipeline, for $850 million to infrastructure services provider PowerTeam Services LLC, the companies announced Monday. Miller Pipeline employs more than 3,500 people.
