Indianapolis-based Market Wagon acquires St. Louis company
Indianapolis-based Market Wagon, which offers home delivery of food and artisan items, has grown its customer base in the St. Louis area with the purchase of Find Your Farmer Inc.
Mergers & Acquisitions
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2023 Year in Review: Lilly had a ‘big-deal’ year
Among other big dealmakers in 2023 was Hillenbrand Inc., Jasper-based Kimball International Inc. and Noblesville-based Helmer Scientific Inc.
Mark Cuban says changing NBA landscape led to sale of Mavs to casino families
The high-profile billionaire, who graduated from Indiana University’s Kelley School of Business, will keep a 27% stake in the NBA franchise and maintain control of basketball operations.
RayzeBio Inc. to be acquired by drugmaker Bristol Myers Squibb for $4.1B
RayzeBio is building a large factory on the northwest side of Indianapolis to make radioisotopes for cancer treatment.
Olivia Covington: New M&A newsletter is coming your way
If you’ve recently closed a deal worth $1 million or more, you’re eligible to submit that information to M&A Monthly.
Windsor Wealth Management acquired by fast-growing Corient
Indianapolis-based Windsor Wealth Management had 14 employees and $1.9 billion in assets under management when Corient acquired the firm.
TrendyMinds expands national presence with acquisition of Utah-based Faktory
The city’s largest advertising agency said the eight-figure acquisition will expand its its client roster in health care, finance and energy.
Trial deciding if JetBlue can buy Spirit—and further consolidate the industry—nears its end
A Justice Department lawyer argued that the deal would push fares higher by 30% and leave fewer options for travelers on a budget.
OpenLane plans to expand Canadian presence with $95M acquisition
Carmel-based OpenLane announced Monday that it plans to acquire Manheim Canada from Atlanta-based Cox Automotive in a $95 million deal that’s expected to close within 30 days.
In race to develop obesity drugs, Roche acquires California biotech for $2.7B
The company, Carmot Therapeutics, has numerous drugs under development. Its lead asset is a once-a-week injection that is in mid-stage development for the treatment of obesity.
Pacers to sell 15% ownership stake in franchise to billionaire Steven Rales
Rales, a businessman and film producer, will increase his stake in the team from 5% to 20% with the acquisition, which is pending approval of the NBA.
In face of low investor interest, Lilly again extends $1.4B offer for Point Biopharma
The extension comes amid pushback from several investors, including Point’s largest institutional stock holder.
Lilly’s proposed $1.4B acquisition of Point Biopharma gets investor pushback
Point has a pipeline of clinical and preclinical-stage compounds in development for the treatment of cancer using radiopharmaceutical isotopes that hold the promise of delivering targeted treatments to cancer patients.
Indianapolis-based life sciences research firm Pearl Pathways acquired by Versiti
The acquisition is the second in central Indiana this year for Versiti, a not-for-profit specializing in blood-health services.
Indianapolis wealth management firm acquired by North Carolina business
Column Capital Advisors, an 18-year-old Indianapolis firm, is the second Hoosier firm to be acquired by Captrust Financial Advisors.
Old National to expand southward with $344M acquisition of Nashville-based bank
The acquisition includes 22 CapStar banking centers in 13 Tennessee counties, including seven branches in the Nashville area, and one banking center in Asheville, North Carolina.
Roche to buy bowel drugmaker Telavant for $7.1 billion
Roche has come under pressure to improve its pipeline with medicines it can commercialize soon as a windfall of revenue from products used in the COVID-19 pandemic comes to an end.
Chevron buying Hess for $53B in latest oil megadeal
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
Point Biopharma insiders to reap millions from Lilly deal
Top executives and directors of Indianapolis-based Point Biopharma Global Inc. could rake in an eye-popping $212 million from their deal to sell the company to drugmaker Eli Lilly and Co.
Herff Jones’ graduation business acquired by East Coast firm
The deal gives Greenwich, Connecticut-based Atlas Holdings ownership of the Herff Jones Graduation Business, which includes Herff Jones’ Scholastic and Collegiate brand portfolios and related manufacturing and distribution operations.