Ratio merging with Denver-based architectural firm
Indianapolis-based Ratio Architects Inc., the city’s largest architectural firm, announced Tuesday that it was merging with Denver-based Humphries Poli Architects.
Mergers & Acquisitions
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Ford Motor unit acquires DoubleMap successor Journey Holding
Journey Holding Corp.—formed this year through the merger of fast-growing Indianapolis-based tech company DoubleMap Inc. and Salt Lake City-based Ride Systems LLC—is being acquired by a transit-systems technology unit of Ford Motor Co.
Butler Toyota acquired by Georgia-based dealership giant
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
Pfizer’s blockbuster deal with Myland expected to reshape drug industry
The new publicly traded company will have sales of about $19 billion to $20 billion in 2020, the drugmakers said in a statement.
Vail Resorts acquiring 17 ski areas, including Paoli Peaks in Indiana
Colorado-based Vail Resorts Inc. plans to take over 17 U.S. ski areas ranging from the Northeast to the Midwest by acquiring Peak Resorts Inc. for $264 million.
After years of pruning, Emmis ready for reinvention
CEO Jeff Smulyan says he still loves radio, but the 72-year-old pines to own businesses that have real growth potential, rather than fighting over nickels and dimes in a stagnant industry.
MainGate to be acquired by New York-based hospitality firm Legends
MainGate, a sports merchandising and marketing firm headquartered at 7900 Rockville Road on the city’s far-west side, employs about 220 people in the Indianapolis area.
New owner to push Indiana Limestone into global markets
The newly merged company has big plans for broad rollout of the natural stone, which is considered superior to other types of limestone quarried throughout the world.
Elanco in merger talks with pharmaceutical giant Bayer, sources say
The multibillion-dollar merger would combine Elanco, the fourth-largest global player in animal health, with Bayer’s pet-health division, which ranks fifth in veterinary medicine, Reuters reported. The combination would create a dominant force in the industry.
Emmis makes deal to sell two New York stations, form new public company
Emmis Communications said it is selling two of its three New York City radio stations to investment firm Standard General. In return, Emmis will receive $91.5 million in cash plus a significant share of a new public company that will own the two stations. Emmis stock soared after the deal was announced.
Cummins to acquire Canadian hydrogen fuel-cell maker for $290M
The move comes as Cummins, long known as a diesel engine powerhouse, expands its efforts in alternative powertrain technologies.
SteadyServ sold to largest creditor after no other bids
RBE Investments LLC, the company’s biggest secured creditor, made a nearly $5.8 million credit bid to purchase the seven-year-old company and its assets after a turnaround plan for the company failed.
Eldorado’s proposed $17.3B acquisition could make it state’s biggest casino owner
Eldorado Resorts Inc. announced Monday that it plans to buy Las Vegas-based Caesars Entertainment Corp., creating the largest gambling operator in the United States—and in Indiana.
KSM Consulting acquires local app development company Connect Think
Connect Think’s two owners, Justin Bolles and Chris Waugh, along with six of the company’s eight other employees, joined KSMC as part of the acquisition.
Angie’s List set for big growth two years after acquisition
Now a part of New York-based IAC’s ANGI Homeservices Inc., Angie’s List is achieving record sales and planning for major growth in Indianapolis.
Longtime local office-supplies firm plans merger, HQ move to Illinois
Independent Suppliers Group, formerly known as Independent Stationers, is merging with Rosemont, Illinois-based cooperative TriMega Purchasing Association and Chicago-based Pinnacle Affiliates.
Pfizer expanding in cancer with $10.6B deal for Array BioPharma
Array’s stock was already at a record before the deal announcement, following the company’s news last month of positive clinical trial results using Braftovi and Mektovi with Indianapolis-based Eli Lilly and Co.’s Erbitux.
Corteva keeps local workforce but growth plans aren’t crystal clear
DowDuPont this month spun off the agricultural chemicals, seeds and plant biotechnology firm, turning it into a standalone public company.
Salesforce buying Tableau Software in $15.7B all-stock deal
The acquisition is expected to add about $350 million to $400 million to Salesforce.com Inc.’s fiscal 2020 revenue.
United Technologies, Raytheon to combine as defense giant
Both companies have major operations in Indianapolis, although United Technologies is already preparing to shed its Carrier Corp. business.