New ownership plans to keep Fountain Square Brewing Co. in business
Fountain Square Brewing Co., founded in 2011, is expected to reopen for business after a sale closes in mid-January.
Mergers & Acquisitions
Articles
Dunham Rubber & Belting acquired by Georgia-based firm
Dunham, a 57-year-old Greenwood-based distributor, fabricator and manufacturer with locations in Shelbyville and Fort Wayne, was purchased by Belt Power LLC.
Taft completes merger with Detroit law firm
Taft is now comprised of more than 800 attorneys across 12 offices in eight primary Midwest markets and the District of Columbia.
2022 Year in Review: Cummins acquires Meritor in deal worth $3.7 billion
Meritor, which had 9,600 global employees pre-acquisition, is a leader in electric axle and brake technology.
2022 Year in Review: Prologis acquires Duke
The acquisition of one of Indianapolis’ largest public companies came after months-long negotiations between Duke and San Francisco-based Prologis and broadens the firm’s logistics and industrial holdings in key locations, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.
Indianapolis metal fabricator sold to Pennsylvania company
Indianapolis-based Mi-Tech Tungsten Metals LLC has been acquired by Towanda, Pennsylvania-based Global Tungsten & Powders Corp.
Carmel-based Rangeline Solutions eyeing growth under new ownership
Rangeline Solutions, a Microsoft partner that offers supply-chain consulting services, has been acquired by Sweden-based Nexer, which plans to grow Rangeline’s Carmel office as part of its broader U.S. expansion plans.
Dealmaking slips by almost a third in 2022 marked by volatility, inflation
Megadeals announced early in the year were soon replaced by jitters about getting mergers and acquisitions over the finish line, with monthly deal activity plummeting by almost half from May to June. The volumes have yet to recover.
Great SPAC crash of 2022 deepens as investors cash out in droves
At least 80 special-purpose acquisition companies, which have raised $24 billion in total, face a wall of investor meetings that will give clients the chance to exit ahead of a new U.S. tax that could hurt their returns.
TrendyMinds acquires Fishers marketing agency
The Indianapolis-based digital marketing agency announced Wednesday it has acquired Fishers-based Statwax, a performance marketing agency that focuses on data science and analytics.
Idaho investment firm acquires controlling stake in Sharpen Technologies
Indianapolis-based Sharpen, which was founded in 2011, topped IBJ’s list of fastest-growing private companies last year.
FTC sues to block Microsoft-Activision Blizzard $69B merger
Xbox maker Microsoft has faced months of resistance from Sony, which makes the competing PlayStation console and has raised concerns with antitrust watchdogs around the world about losing access to popular game franchises such as Call of Duty.
Carmel printing-services firm acquired by Michigan marketing company
UN Communications Group, founded in 1975, will retain its staff and continue to operate in Carmel.
Emmis Corp. sells Indianapolis Monthly magazine
Founded in 1977 and originally known as Indianapolis Home & Garden, Indianapolis Monthly magazine was purchased by Emmis in 1988.
Corteva buys Houston-based plant biologics company for $1.2B
The acquisition is designed to accelerate Indianapolis-based Corteva’s biologicals business and make it one of the largest players in the market.
Local accounting-tech firm Decimal acquires cloud-based bookkeeping business from KPMG
Decimal, a software-as-a-service firm based in Indianapolis, has acquired the cloud-based bookkeeping business formerly owned by Big Four accounting firm KPMG.
Blue & Co. acquires Indianapolis accounting firm
Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.
Proposed merger of two publishing giants is officially over
Paramount Global says it still plans to sell Simon & Schuster, a nearly century-old company where authors include Stephen King, Colleen Hoover and Bob Woodward.
Frost Brown Todd adds California firm to its fold
The combined firm will have more than 575 attorneys in 17 offices across nine states and Washington, D.C.
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday.