Battered software firm was unrelenting in quest to find buyer
Software maker Determine Inc.'s investment bankers contacted dozens of prospective suitors as the company racked up millions of dollars in losses and burned through cash.
Mergers & Acquisitions
Articles
Philadelphia firm buys majority stake in locally based KSM Consulting
Indianapolis-based accounting firm Katz Sapper & Miller has sold a majority stake in KSM Consulting to Philadelphia-based private equity firm Renovus Capital Partners.
Radio-station acquisitions give Cumulus big boost
With its pending acquisition of three Entercom Communications Corp. stations, Cumulus Media Inc. is set to become the biggest, most-listened-to radio company in the Indianapolis market.
Celadon Group sells two subsidiaries for $139.5 million
The Indianapolis-based trucking company said the divestitures are part of its larger plan to streamline operations and reduce its debt load.
Centene plans to buy WellCare for more than $15B in cash, stock
Health insurer Centene Corp. has agreed to buy managed-care provider WellCare Health Plans Inc., expanding in the market for government insurance plans just as politicians in Washington, D.C., appear to be gearing up for another health-policy clash.
Founder sells tech firm Studio Science to investment group
More than 20 years after founding his tech consulting and development firm Studio Science, Kristian Andersen has sold the company to a group of investors led by CEO Steve Pruden.
Indiana-based Berry bests Apollo with $4.4B deal to form plastics giant
Berry Global Group CEO Tom Salmon, already coming off a string of acquisitions, is making the company’s biggest purchase amid a rapidly consolidating market for plastic packaging.
Area sock maker acquired by founder’s daughter, private equity firm
Martinsville-based For Bare Feet Inc., a 35-year-old manufacturer and distributor of novelty socks, has been sold.
Ex-Anthem CEO Swedish says leadership dispute led to war with Cigna
Anthem and Cigna are battling in court over whether one owes the other billions in damages for the collapse of their proposed merger.
U.S. appeals court clears AT&T’s $81B merger with Time Warner
The ruling by the U.S. Court of Appeals in Washington, D.C., came Tuesday in the high-stakes competition case, approving one of the biggest media marriages ever.
Democrats question promises in proposed $26.5B T-Mobile-Sprint deal
U.S. Democratic lawmakers challenged top executives of T-Mobile and Sprint on Wednesday over their pledge not to raise prices for wireless services or hurt competition if their $26.5 billion merger goes through.
Local recruiting software firm Canvas acquired by California company
Canvas Talent Inc. will continue to operate as an independent business unit in Indianapolis, and company officials said they expect the number of employees to grow significantly because of the acquisition.
Carmel-based software firm acquired in $32M deal
Determine Inc., a 23-year-old publicly traded software company that has yet to turn an annual profit, is set to be acquired by a New Jersey-based company.
Eli Lilly negotiated its largest deal ever at breakneck speed
When the Indianapolis-based drug giant made its initial offer Dec. 20, it said it wanted to seal the deal before the J.P. Morgan Healthcare Conference, which ran Jan. 7-10 in San Francisco.
Small firms put out for-sale signs
In central Indiana and nationwide, a number of small companies are changing hands right now—and for a variety of reasons. Among them: a strong economy, plentiful buyers and an aging population of owners who are eyeing retirement.
Indianapolis-based mAccounting acquired by Oregon firm
Portland-based InDinero’s purchase adds 36 employees, including 17 CPAs, to its 200-person workforce.
Schurz Communications selling its newspapers, including eight in Indiana
Media company Schurz Communications Inc. announced an agreement Monday to sell all 20 of its newspapers, including eight papers in Indiana, to New York-based GateHouse Media Inc.
Lack of disclosed price kept these deals off the list
Here are notable Indianapolis-area mergers and acquisitions that closed in 2018 for which financial details were not available.
NineStar Connect closes $4M acquisition of local water utility
As part of the acquisition, NineStar Connect agreed to run high-speed fiber to each home and business in the Gem Water Utility territory.
Out-of-state firms are sweeping up Indiana’s tech startups. Is that a good thing?
Experts are mixed on whether the buyout barrage is cause for concern or validation of success.