Indy-based Luna Language Services acquired by Philadelphia firm
Luna was founded in 2001 Luna Language Services and provides interpreting and translation services to a client base that includes some of Indiana’s largest employers.
Mergers & Acquisitions
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Local cold storage firm founded in 1951 acquired by South Dakota biz
MW Cold, a fourth-generation company that operates two large cold-storage facilities in central Indiana, is under new ownership.
Hillenbrand acquires food processing equipment business for $730M
When the deal is completed, Hillenbrand said the Food and Performance Materials business of Schenck Process will join its Advanced Process Solutions segment.
Cummins announces $153M plant acquisition from Faurecia
Cummins plans to acquire two manufacturing sites, one in its hometown of Columbus, Indiana, from France-based Faurecia.
Noblesville-based Helmer Scientific acquired by Trane Technologies
Helmer Scientific, which makes temperature-controlled storage equipment for hospitals, labs, blood banks, and pharmacies, was founded in Noblesville in 1977 and has more than 400 employees.
Fast-growing M.D. Architects acquires health care design firm in Seattle
Adding 13 employees from 66-year-old Architectural Werks Inc., MDA now has a workforce of 50 and offices on both coasts, in addition to the Midwest.
Catalent blames Bloomington operation for productivity issues, stock falls 26%
Catalent Inc., a contract drug manufacturer, said Monday it would delay quarterly earnings, blaming “productivity issues and higher-than-expected costs” at three plants—including an operation in Bloomington that it bought from medical device maker Cook Group.
Darden buys Ruth’s Chris Steak House for about $715M
Indianapolis is home to two Ruth’s Chris locations—downtown at 45 S. Illinois St. and on the north side at 2727 E. 86th St.
Lilly to sell off drug for low blood sugar in deal worth up to $1.1B
Worldwide sales of Baqsimi totaled $139.3 million last year, representing less than 1% of Indianapolis-based Lilly’s worldwide revenue of $28.5 billion.
Safety Management Group acquires Trinity Safety Group
The combination of the two Indianapolis-based firms is expected to to result in increased job opportunities for environmental, health and safety professionals.
Intelinair acquires digital agriculture company
Indianapolis-based precision agriculture startup Intelinair Inc. announced Tuesday it has acquired Aker Technologies Inc., headquartered in Illinois.
UFC parent, WWE combine to form $21.4B sports entertainment company
The deal between the company that runs Ultimate Fighting Championship and WWE catapults WWE into a new era, after functioning as a family-run business for decades.
Troubled Silicon Valley Bank to be acquired by First Citizens
While more than half of Silicon Valley’s assets will remain in U.S. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S. regional banks.
Indianapolis-based Studio Science acquires RevTech360
Steve Pruden, CEO of design and innovation consulting firm Studio Science, said the acquisition of RevTech360 adds new technical capabilities to Studio Science’s lineup.
Fishers-based marketing-tech firm Vibenomics acquired
Vibenomics, which has raised about $32 million in investment capital since its 2016 launch, is now owned by Austin, Texas-based Mood Media, a much larger player in marketing tech field.
HNI to acquire Kimball International for $485M
Iowa-based HNI said Wednesday that the acquisition of Indiana-based Kimball International will enhance manufacturing capabilities and create a combined company that can better benefit from post-pandemic trends in the markets it serves.
Carvana debt comes due with business ‘firmly in retreat’
The quarterly loss reported after the close Thursday caps a disastrous year in which Carvana’s stock plummeted 98%, erasing almost $37 billion of market capitalization. Carvana spent $2.2 billion last year to acquire Carmel-based KAR Auction Services Inc.’s physical auto auction business, ADESA.
Amazon closes $3.9B buyout of health company One Medical
Anti-monopoly groups have been calling on the Federal Trade Commission to block Amazon’s purchase of the company, arguing it would endanger patient privacy and give the online retailer more dominance in the marketplace.
Subway sandwich chain exploring sale after record-setting year
Subway, one of the most recognizable names in the industry, has more than 20,000 U.S. locations, making it the largest by store count in the country, dwarfing even McDonald’s.
Primary care remains hot deal target as CVS makes $10.6B bid
CVS Health is seeking to buy Oak Street Health, which runs clinics that specialize in treating Medicare Advantage patients.