Giant Eagle to acquire 56-store Ricker’s chain
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
Mergers & Acquisitions
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Local marketing firm Raidious acquired by Milwaukee-based agency
The combined firm said it will change its name to Mortenson Kim + Raidious and continue to maintain Indianapolis operations downtown in Pan Am Plaza.
Sirius to acquire Pandora in $3.5B online radio deal
The combination will help Sirius XM expand beyond an audience that largely listens to the satellite radio company’s programs while driving.
Indy maker of dental analytics software sold to Atlanta company
The sale to True Nature Holding Inc. is expected to close by October. Neither party would say whether the Indianapolis operations would remain here.
Dwarfed by rivals, Office360 is growing, acquiring other firms
The Indianapolis-based office-supplies company had revenue near $38 million last year and is on target to hit $43 million this year. If the company hits its projections, revenue will have nearly tripled since 2013.
Indianapolis produce distributor buys Noblesville food-service company
Indianapolis-based produce distributor IF&P Foods LLC has acquired Noblesville-based convenience food service company Cibus Fresh Inc., the companies announced Tuesday.
Vectren shareholders approve $6B merger with Texas utility
The combined company would serve more than 7 million gas and electricity customers in eight states and hold about $29 billion in assets.
Tribune files $1B suit against Sinclair, scraps merger deal
Sinclair Broadcast Group Inc. saw its bid to become a nationwide powerhouse collapse after its would-be partner, Tribune Media Co., withdrew from a planned $3.9 billion merger that drew the ire of regulators.
Tribune Media pulls out of $3.9 billion Sinclair sale
Had the deal gone through, it would have reshaped the Indianapolis television landscape. Chicago-based Tribune owns WTTV-TV Channel 4 and WXIN-TV Channel 59.
Michigan-based tech firm acquires local internet-of-things company
Troy, Michigan-based Plex Systems has finalized a deal to acquire Dattus Inc., which was founded by two Purdue University students in 2012 and moved to Indianapolis in 2015.
Small biz buyout activity booms, driving up acquisition prices
For many small businesses, the easiest thing to sell right now might be the business itself.
50 Finish Line locations slated for conversion into JD Sports stores
The outcome of the test will help determine whether all Finish Line outposts will take on the JD Sports moniker and product mix.
Sinclair makes changes to Tribune deal to appease regulators
Sinclair Broadcast Group Inc. has offered to abandon or revise sales of TV stations in some markets after its proposed $3.9 billion deal to buy Tribune Media Co. met rebuke from regulators.
Record M&A activity has dealmakers wondering how long it’ll last
After an unprecedented five years of bumper activity, dealmakers are starting to sound a note of caution. But that isn’t likely to stop 2018 from becoming another record year for M&A activity.
Area’s largest home builder acquired by Berkshire Hathaway division
Since its founding in 1994, Arbor Homes LLC and its affiliates have constructed more than 13,000 homes in the Indianapolis area.
Gaming commission approves ownership changes at four Indiana casinos
The deals approved Thursday change ownership at Hoosier Park in Anderson, Indiana Grand in Shelbyville, Belterra Casino Resort in Switzerland County and Ameristar Casino in East Chicago.
Caesars plans $50M in upgrades, possible casino rebranding after $1.7B Centaur acquisition
The Indiana Horse Racing Commission gave approval Wednesday to Caesars Entertainment Corp.’s plan to acquire Hoosier Park in Anderson and Indiana Grand in Shelbyville. The deal still needs approval from the Indiana Gaming Commission.
13 Indiana newspapers to be sold as part of $3.65 billion merger
Community Newspaper Holdings Inc. plans to sell off community newspapers in Zionsville, Anderson, Lebanon and 10 other Indiana communities.
UPDATE: Cummins loses out on GE’s industrial-engine business
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Herff Jones owner Varsity Brands sold to Bain Capital
Bain Capital has agreed to buy Varsity Brands, the owner of BSN Sports and Indianapolis-based Herff Jones, in a deal estimated at $2.5 billion.