Fiat Chrysler-PSA deal likely to mean fewer brands, models
CEO Carlos Tavares, who used to run Nissan in the Americas and knows the U.S. market well, will not shy away from trimming unprofitable models and brands.
Mergers & Acquisitions
Articles
Fiat Chrysler, Peugeot to create world’s fourth-biggest carmaker
The deal is expected to give the merged firm enough scale to confront big shifts in the auto industry, including the race to develop electric cars and driverless technologies. And with 2,640 dealers across the U.S., Fiat Chrysler would have a ready distribution network for Peugeot’s lines of city-friendly cars, family sedans and SUVs.
Fiat Chrysler eyes Peugeot merger, seeking strength in size
A merger would create the fourth-largest automaker, with a combined market value of around $50 billion, and the potential for big savings in Europe.
Louis Vuitton maker looks to buy U.S. jeweler Tiffany for $14.5B
Tiffany & Co., which has one store in Indianapolis, owns luxury labels ranging from Givenchy haute couture to Sephora cosmetics stores, Hublot watches, Bulgari jewelry and Dom Perignon Champagne.
Longtime downtown Mexican eatery Acapulco Joe’s changes ownership
Acapulco Joe’s, 365 N. Illinois St., has been acquired by Ezequiel Fuentes, who owns or co-owns nine other Mexican restaurants in the region, including one in Zionsville. It will close for a couple of weeks for renovations.
Children’s environmental group merges with Hoosier Environmental Council
Improving Kids’ Environment, a 20-year-old not-for-profit that works to reduce toxic risks for children, is now part of the Hoosier Environmental Council, the groups announced Thursday.
Bingham merging with Dentons, bringing biggest global law firm to Indiana
In a move that’s expected to transform the Indiana legal landscape, Bingham Greenebaum Doll has announced it will be combining with Dentons, the world’s largest law firm.
Family-owned Beck’s unfazed by multinational seed rivals
A seed is an appropriate metaphor for Beck’s Hybrids, while its competitors in the fast-consolidating farm-seed industry might be compared to the towering plant in Jack and the Beanstalk.
Cleveland-based firm buys Indy fiber network, plans $38M expansion
Cleveland-based Everstream Solutions LLC announced Tuesday that it has agreed to buy a 200-plus-mile Indianapolis-based fiber network from Dallas-based DataBank Ltd. and quadruple the network’s size. The service area will expand to cover Indianapolis and parts of Hamilton County.
Local trade show producer acquires two Cincinnati events
Local trade show producer Renfro Productions & Management Inc. has expanded its reach into Ohio by acquiring two longtime outdoor-sports trade shows in Cincinnati.
Allison Transmission acquires two companies for $103M
Allison, which makes automatic transmissions, acquired one of its long-time suppliers, plus a company that makes tools for that supplier.
Taft announces merger, expansion into Minnesota market
Once the combination is completed Jan. 1, Taft will grow to more than 600 lawyers spread across 12 offices located primarily in the Midwest.
Formstack on a growth tear with series of acquisitions
Fishers-based tech firm Formstack is growing so fast, it’s considering opening a second local office, possibly in downtown Indianapolis. Formstack has made four acquisitions in eight months and five in 20 months and now has 200 employees and offices in multiple states. Company officials say there are no plans to slow the growth.
One of Indiana’s largest software firms gets new majority owner
New York-based investment firm New Mountain Capital says it plans to help Muncie-based Ontario Systems LLC—which has been in growth mode—further expand.
Elanco stock sinks sharply after it announces $7.6B deal to acquire Bayer unit
Investors appeared to be nervous over the rich price of the deal and the amount of debt that Elanco will take on to finance it.
Elanco says it’s buying Bayer division for $7.6 billion
The purchase would swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
Local tech company Doxly acquired by Chicago-based firm
Doxly, which helps clients collect and manage legal documents through a cloud-based platform, has been purchased by Litera Microsystems, a growing provider of document-management software.
Indiana Members Credit Union acquiring community bank for nearly $35M
The Indianapolis area’s largest credit union is joining a small but growing movement in the financial services industry by agreeing to acquire a community bank.
Merger brings together two Indianapolis-area elder law firms
Carol Applegate and Lisa Dillman have joined their firms to form Applegate and Dillman Elder Law, they announced Tuesday.
Two Carmel law firms join forces
Hollingsworth & Zivitz has merged with Roberts Means LLC to form Hollingsworth Roberts Means, the new firm announced Tuesday.