Klipsch purchase helps fuel Audiovox sales
Audiovox's CEO credited Klipsch with helping Audiovox report strong financials Tuesday. Audiovox completed its purchase of the Indianapolis speaker maker in March.
Mergers & Acquisitions
Articles
Law firm merger activity on the rise
Ice Miller is among the firms that merged this year and Baker & Daniels is exploring a merger.
Herff Jones jumps into cheerleading
Yearbook-and-class-ring maker Herff Jones on Aug. 1 bought Memphis-based Varsity Brands, the top supplier of cheerleader uniforms, as well as the force behind cheerleading’s evolution into a stand-alone sport. Varsity will bring Herff about $250 million in annual revenue through its uniform sales, training camps and competitions.
Citizens Energy gets interest-rate bargain on bonds sold for utility purchase
Stock-market swoon contributes to favorable terms on purchase of city’s water, sewer systems.
Baker & Daniels in merger talks with Minneapolis firm
Indianapolis’ second-largest law firm could complete a deal with Minneapolis-based Faegre & Benson LLP in October. A need to get larger and to establish a regional presence is fueling the talks.
Herff Jones completes Varsity Brands acquisition
The Indianapolis-based class ring and yearbook maker has completed its acquisition of Memphis-based Varsity Brands, which manufactures and distributes apparel for cheerleading and dance activities.
Pfizer won’t break up animal unit for potential Lilly bid
Pfizer Inc., the world’s biggest drugmaker, said it isn’t interested in breaking up its animal health unit after Indianapolis-based Eli Lilly and Co. expressed interest in buying some of its products.
UPDATE: Medco acquisition could lead to local consolidation
It’s not yet clear how Express Scripts Inc.’s $29.1 billion acquisition of rival Medco Health Solutions will affect the companies’ central Indiana operations—or their 800-plus employees at two facilities here.
Express Scripts to buy Medco for $29.1B in cash, stock
Express Scripts Inc. agreed to buy Medco Health Solutions Inc. for $29.1 billion to become the largest pharmacy-benefits manager in the United States. Both have central Indiana operations.
Merger of key airlines at Indianapolis grounds three flights
It’s more difficult to get to New York LaGuardia and some other business hubs following the combination of Southwest Airlines and AirTran Airways.
Stanley Black & Decker keys in on overseas security market
The Connecticut-based company on Monday agreed to buy Sweden’s Niscayah Group AB for $1.2 billion—its biggest deal since Stanley Works’ $4.4 billion purchase of Black & Decker Corp.
Troubled economy fueling hospital deals
Battered by stagnant population growth and blue-collar job loss, Howard Regional Health is merging with Indiana University Health—a deal that reflects the challenges faced by hospitals in Indiana’s outlying cities.
Pilots OK cuts, allowing Republic to pursue restructuring plan
Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.
IU Health strikes deal with Central Indiana Cancer Centers
Central Indiana Cancer Centers sold its five facilities to IU Health and transferred its 150 employees to the Indianapolis-based hospital system. The 16 physicians in the practice will remain independent, but they have signed a service agreement with IU Health that pulls the two entities into a tight embrace.
Republic pins Frontier Airlines’ fate to pilot vote on savings
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.
Local motorsports supplier acquiring safety gear vendor
Atlanta-based Racer Wholesale has helped build national recognition for G-Force Racing Gear, which supplies racers with helmets, driving suits, gloves, shoes and other safety gear.
WellPoint paying almost $800M for CareMore
Indianapolis-based WellPoint Inc. agreed to acquire CareMore Health Group to expand Medicare coverage in California, Arizona and Nevada. The insurer paid almost $800 million, according to people familiar with the deal.
Sleepy Klipsch buyer out to make some noise
Audiovox Corp., the Hauppauge, N.Y.-based company that recently bought the high-end audio firm Klipsch Group, hopes to use the $167 million deal to win over Wall Street.
Franciscan Alliance takes control of VNS home health agency
Visiting Nurse Service Inc., a 200-employee agency based in Indianapolis, will operate under the umbrella of Franciscan St. Francis Health, the organizations announced Thursday.
Law firm towers after acquisitions
Barnes & Thornburg's entrance into the Los Angeles market earlier this year capped off a string of office openings that vaulted it into an elite national player.