Athletic retailer The Finish Line Inc. had cultivated a reputation for conservative play calling, keeping clean books with
minimal debt. Then on June 18, the Indianapolis-based retailer called a surprise audible. The $1.3 billion company agreed
to acquire Nashville, Tenn.-based Genesco Inc. for $1.5 billion.
On Feb. 20, Plainfield-based cell phone distributor Brightpoint Inc. announced a blockbuster deal to buy Dangaard, its largest
European rival, for $308 million, a reversal of fortunes from five years ago between the competitors.
Announcements that major Indiana companies have been acquired are traditionally met with trepidation. But a rash of recent
buyouts of Indiana companies shows they’re not always bad news.
Union Federal Bank’s Fort Wayne-based parent is locked in a dispute that could put in peril the Indianapolis financial institution’s $330 million sale to Bowling Green, Ohio-based Sky Financial Group Inc.
City Securities Corp., one of the largest investment firms based in Indiana, has purchased Columbus, Ohio-based ReCasa Financial Group LLC, a specialty lender focused on rehabs of dilapidated houses.
