Recent Acquisitions in Indiana
Acquisition Volume in in Indiana by Year
Last 5 years
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April 1, 2026
- Buyer
- Foster & Foster Consulting Actuaries, Inc.
- Target
- United Actuarial Services, Inc. (UAS)
- Industry
- Healthcare Services
- Location
- Indiana, United States
- Type
- Buyout
Foster & Foster Consulting Actuaries, Inc. completed its acquisition of United Actuarial Services, Inc. (UAS), an Indiana-based actuarial consulting firm serving multi-employer (Taft-Hartley) pension and health and welfare plans. The deal expands Foster & Foster’s depth of resources and reinforces its position in Taft-Hartley pension and health practice groups nationwide.
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- Buyer
- PairSoft, TA Associates
- Target
- Nimbello
- Industry
- Data & Analytics
- Location
- Indiana, United States
- Type
- Buyout
PairSoft, an AI-driven procure-to-pay and financial automation company, announced its acquisition of Nimbello, an accounts payable automation and payments provider specializing in purchase-order-based invoices. The deal is intended to enhance PairSoft’s AI-powered SaaS capabilities—especially purchase-order/invoice matching—strengthening native integrations across major ERP platforms. Financial terms were not disclosed.
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March 10, 2026
- Buyer
- Solution Tree
- Target
- Dirigo Literacy
- Industry
- Education
- Location
- Indiana, United States
- Type
- Buyout
Solution Tree acquired Dirigo Literacy to expand its K–12 evidence-based literacy solutions for schools, districts, and state education systems. The deal adds Dirigo Literacy’s research-intensive Dirigo Literacy Framework (Upward Spiral of Literacy), focused on professional development, coaching, instructional materials, and data-driven decision making to improve student reading and writing outcomes.
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- Buyer
- Aecon Utilities Group Inc., Aecon Group
- Target
- Duna Services, Arc American, LLC, C.A. Advanced, LLC, KNX Utility Services, LLC
- Seller
- Ryker Holdings Inc.
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Aecon Group announced that its subsidiary Aecon Utilities Group Inc. acquired Duna Services (including Arc American, LLC and C.A. Advanced, LLC) from Ryker Holdings Inc. for a base purchase price of $60 million, plus potential contingent proceeds. The transaction also includes Aecon Utilities acquiring a 49% interest in KNX Utility Services, LLC, to strengthen its U.S. electrical distribution, transmission, and storm response capabilities.
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- Buyer
- Cal-Maine Foods, Inc.
- Target
- Creighton Brothers LLC, Crystal Lake LLC
- Industry
- Food & Beverage
- Location
- Indiana, United States
- Type
- Buyout
Cal-Maine Foods, Inc. announced it will acquire the shell egg, egg products, and prepared foods assets of Creighton Brothers LLC, including Crystal Lake LLC, for approximately $128.5 million in cash (subject to post-closing adjustments). The deal adds Creighton’s Warsaw, Indiana operations—covering shell egg production/grading capacity and ready-to-use egg products—fully integrating them into Cal-Maine’s existing network.
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March 5, 2026
- Buyer
- ASA Safety Supply, Trivest Partners LP
- Target
- Indiana Safety & Supply (ISS)
- Industry
- IT Services
- Location
- Indiana, United States
- Type
- Addon
ASA Safety Supply, a portfolio company of Trivest Partners, has announced the acquisition of Indiana Safety & Supply (ISS), a Washington, Indiana-based distributor of PPE and facility safety products. The deal is intended to expand ASA Safety’s geographic footprint and increase purchasing scale, supporting broader private-label product offerings across the ASA Safety platform.
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- Buyer
- LER TechForce
- Target
- Siemens Altair Resource Solution division
- Seller
- Siemens Altair business unit
- Industry
- IT Services
- Location
- Indiana, United States
- Type
- Buyout
LER TechForce completed its previously announced acquisition of the Resource Solution division from Siemens’ Altair business unit. The deal expands LER TechForce’s engineering workforce solutions and resource support services by transferring customer contracts and onboarding the professionals supporting the division.
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February 26, 2026
- Buyer
- WalkerHughes Insurance
- Target
- Benhoff Insurance Agency
- Seller
- Bruce Benhoff
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Addon
WalkerHughes, a founder-led retail insurance brokerage headquartered in Indianapolis, Indiana, announced its expansion into Illinois through the acquisition of Benhoff Insurance Agency. Benhoff Insurance Agency is a personal lines brokerage based in Breese, Illinois, and will continue operating under the WalkerHughes brand.
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February 26, 2026
- Buyer
- WalkerHughes Insurance
- Target
- Sacksteder Worland Insurance Agency
- Seller
- Joe Worland
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Buyout
WalkerHughes Insurance, a founder-led retail insurance brokerage headquartered in Indianapolis, announced its expansion into Ohio via the acquisition of Sacksteder Worland Insurance Agency, based in Tiffin, Ohio. The deal marks WalkerHughes’ fourth state of operation and will keep the Tiffin office serving local clients under the WalkerHughes brand, with the seller remaining actively involved.
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February 24, 2026
- Buyer
- Power Sustainable Infrastructure Credit
- Target
- Sagepoint Energy
- Industry
- Energy
- Location
- Indiana, United States
- Type
- Growth capital
Power Sustainable Infrastructure Credit (PSIC) has closed an $85 million senior secured financing for Sagepoint Energy, a vertically integrated renewable natural gas (RNG) platform. The financing will support expansion of Sagepoint’s landfill RNG asset base to increase production capacity and advance methane abatement outcomes.
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February 23, 2026
- Buyer
- Bradford Health Services
- Target
- Parkdale Center
- Industry
- Healthcare Services
- Location
- Indiana, United States
- Type
- Buyout
Bradford Health Services has acquired Parkdale Center, a Chesterton, Indiana addiction treatment provider specializing in confidential care for licensed professionals. The acquisition expands Bradford’s clinical footprint into the Midwest and preserves Parkdale’s specialized Professionals Program and continuum of care services.
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February 23, 2026
- Buyer
- L Squared Capital Partners LLC, L Squared Capital Partners IV and its affiliates
- Target
- Functional Devices, Inc.
- Seller
- Shorehill Capital LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
L Squared Capital Partners acquired Functional Devices, Inc. (FDI), a provider of “ready-to-use” field devices for building automation and emergency lighting systems, anchored by the RIB (Relay in a Box) brand. The deal includes investment alongside FDI management and positions L Squared to build a scaled building automation platform and pursue additional add-on acquisitions in peripheral components.
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February 23, 2026
- Buyer
- Turning Rock Partners
- Target
- AmeriQual Group Holdings, LLC
- Industry
- Food & Beverage
- Location
- Indiana, United States
- Type
- Recapitalization
Turning Rock Partners announced its majority exit from AmeriQual Group Holdings, LLC through a growth recapitalization. AmeriQual, headquartered in Evansville, Indiana, develops, packages, and distributes shelf-stable, refrigerated, and frozen foods, sauces, and condiments for branded food companies, government agencies, and educational institutions.
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February 20, 2026
- Buyer
- Cornerstone Capital Holdings
- Target
- Dynamic Transit Products, LLC (DTP)
- Seller
- Dynamic Metals, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Divestiture
Cornerstone Capital Holdings acquired the Transportation Division of Dynamic Metals, LLC. The division has been renamed Dynamic Transit Products, LLC (DTP) and operations will move from Elkhart, Indiana to a standalone facility in Goshen, Indiana.
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February 19, 2026
- Buyer
- HKW
- Target
- Handling Systems and Conveyors, Inc. (HSC)
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
HKW, a middle-market private equity firm, acquired Handling Systems and Conveyors, Inc. (HSC), a vertically integrated designer, manufacturer, installer and service provider of crane, hoist, conveyor and tooling solutions. The deal is intended to help HSC expand service penetration across its installed base, invest in new geographic locations, and pursue strategic add-on acquisitions.
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- Buyer
- Jack Omer
- Target
- Lee's Famous Recipe Chicken (five Indiana franchise units - Connersville, Muncie, Richmond, New Castle and one additional Indiana unit)
- Industry
- Restaurants & Hospitality
- Location
- Indiana, United States
- Type
- Addon
Jack Omer, grandson of Lee's co-founder Harold Omer, has acquired five existing Lee's Famous Recipe Chicken franchise restaurants across Indiana, including units in Connersville, Muncie and Richmond (and an earlier purchase in New Castle). The acquisitions are part of a multi-unit growth strategy that includes remodels to update locations to current brand standards and expand the franchisee's footprint in central Indiana.
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February 10, 2026
- Buyer
- Alliance RV, LLC
- Target
- Midwest Automotive Designs
- Seller
- Terex Corporation, REV Group, Inc.
- Industry
- Automotive
- Location
- Indiana, United States
- Type
- Divestiture
Alliance RV, LLC has acquired Midwest Automotive Designs from Terex Corporation (previously part of REV Group). The transaction transfers the Elkhart-based luxury B‑van and motorhome conversion business to Alliance RV as the buyer expands into the motorized recreational-vehicle segment.
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February 10, 2026
- Buyer
- Lone Star Funds, Lone Star Americas Acquisitions, Inc.
- Target
- Hillenbrand, Inc.
- Seller
- group of shareholders (Hillenbrand shareholders)
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Lone Star Funds, through an affiliate, completed an all-cash acquisition of Hillenbrand, Inc. at an enterprise value of approximately $3.8 billion. Hillenbrand will operate as a privately held company under the Hillenbrand name, with its common stock ceasing trading and being delisted from the New York Stock Exchange.
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February 9, 2026
- Buyer
- Bain Capital Double Impact
- Target
- American College of Education
- Seller
- CIC Partners
- Industry
- Education
- Location
- Indiana, United States
- Type
- Buyout
CIC Partners has realized its investment in American College of Education (ACE) and sold the company to Bain Capital Double Impact, with the transaction completing in Q4 2025. ACE is an accredited online private college headquartered in Indianapolis that serves adult and professional learners across education, healthcare and business programs; financial terms were not disclosed.
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February 8, 2026
- Buyer
- Littlejohn & Co., LLC, Littlejohn & Co.
- Target
- 80/20
- Seller
- MPE Partners
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Littlejohn & Co., a Greenwich, Connecticut-based private investment firm, acquired 80/20, a provider of premium, configurable modular framing solutions, from MPE Partners. Terms were not disclosed. The deal was positioned by Littlejohn as a platform investment to expand 80/20’s capabilities and geographic reach.
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February 6, 2026
- Buyer
- Simplicity Group
- Target
- Source Brokerage, LLC
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Buyout
Simplicity Group, a holistic financial planning and advisor partner platform, has acquired Indianapolis-based Source Brokerage, a disability insurance specialist broker general agency (BGA). The acquisition expands Simplicity's national disability insurance (DI) capabilities and adds specialized institutional-market expertise (including GME and GSI programs), while Source Brokerage founder Steve Crowe joins Simplicity as a partner.
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February 6, 2026
- Buyer
- Littlejohn & Co.
- Target
- 80/20
- Seller
- MPE Partners
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Littlejohn & Co. acquired 80/20, a modular T-slot aluminum framing manufacturer based in Columbia City, Indiana. The transaction was completed from MPE Partners to Littlejohn & Co.
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February 2, 2026
- Buyer
- Matt Bowers Automotive Group
- Target
- Bill Estes Chrysler Dodge Jeep Ram
- Seller
- Asbury Automotive Group
- Industry
- Automotive
- Location
- Indiana, United States
- Type
- Buyout
Matt Bowers Automotive Group acquired Bill Estes Chrysler Dodge Jeep Ram in Brownsburg, Indiana from Asbury Automotive Group, closing on February 2, 2026. The acquisition is Matt Bowers Automotive Group's first Indiana location and expands its Chrysler Dodge Jeep Ram franchise footprint while bringing the dealership into operation as Indy Chrysler Dodge Jeep Ram.
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February 2, 2026
- Buyer
- APi Group Corporation
- Target
- CertaSite
- Seller
- The Riverside Company
- Industry
- Professional Services
- Location
- Indiana, United States
- Type
- Buyout
APi Group Corporation (NYSE: APG) completed its previously announced acquisition of CertaSite on February 2, 2026. CertaSite is an inspection-first provider of comprehensive fire and life safety services in the Midwest, and the deal is expected to complement APi’s recurring, non-discretionary safety services platform.
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February 2, 2026
- Buyer
- Notre Dame Federal Credit Union
- Target
- Catholic United Financial Credit Union
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Notre Dame Federal Credit Union and Catholic United Financial Credit Union announced a strategic merger to combine their member services, shared Catholic values, and regional reach. The merger was approved by both boards and the National Credit Union Administration and is effective April 1, 2026, pending Catholic United Financial CU member approval.
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February 2, 2026
- Buyer
- Airxcel, Inc.
- Target
- Synergy Designs LLC
- Seller
- Synergy Designs LLC leadership (not individually named)
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Airxcel, Inc. announced that Synergy Designs LLC has joined the Airxcel family of companies. Synergy Designs—founded in 2021 and headquartered in Syracuse, Indiana—provides soft goods solutions for the RV market and has grown to a team of more than 50 employees in five years.
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February 1, 2026
- Buyer
- R.P. Lumber Company Inc.
- Target
- Bender Lumber Company, Inc.
- Seller
- John Bender
- Industry
- Retail
- Location
- Indiana, United States
- Type
- Buyout
R.P. Lumber, a family-owned building materials retailer and home center based in Illinois, agreed to acquire Bender Lumber, a Southern Indiana building supply company with full-service lumberyards. The deal adds eight Indiana locations to R.P. Lumber’s footprint, bringing its total to 99 stores across seven states.
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February 1, 2026
- Buyer
- Cherry Coatings
- Target
- Vision Painting
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Cherry Coatings, a commercial painting and coatings contractor, announced it has acquired Vision Painting, a $50 million-plus revenue painting contractor headquartered in Indianapolis. Vision Painting will continue operating under its existing name and leadership team, while Cherry Coatings will provide expanded resources and operational support to help Vision grow.
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January 29, 2026
- Buyer
- Elevation Point
- Target
- Forta Wealth Partners
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Growth capital
Elevation Point has made a minority growth investment in Forta Wealth Partners, enabling the Indianapolis-based advisory team to launch an independent RIA with access to custodial, technology, and capital resources. Forta, a trade name of Elevation Point Wealth Partners, brings more than $900 million in client assets carried over from its prior Merrill Lynch practice and will benefit from Elevation Point’s support and Goldman Sachs custody collaboration.
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- Buyer
- WalkerHughes Insurance
- Target
- Inman Insurance Agency, Clark Insurance Agency
- Seller
- Keith Inman, Mary Clark
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Buyout
WalkerHughes Insurance, a privately held retail insurance brokerage headquartered in Indianapolis, acquired Inman Insurance Agency in Salem, Missouri and Clark Insurance Agency in Ballwin, Missouri. The deals expand WalkerHughes’ Missouri footprint, increasing market density across south-central communities and the St. Louis metropolitan area.
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January 23, 2026
- Buyer
- Andela
- Target
- Woven
- Industry
- Software
- Location
- Indiana, United States
- Type
- Buyout
Andela has acquired Woven, a technical-assessment company that provides real-world engineering scenarios, structured scoring rubrics, and AI-enabled evaluation. The acquisition will accelerate Andela's assessments roadmap and improve its ability to identify and match AI-native engineering talent across its global marketplace.
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- Buyer
- Apollon Wealth Management
- Target
- Sage Advisors
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Addon
Apollon Wealth Management has added Indiana-based registered investment adviser Sage Advisors to its national platform. The move expands Apollon's presence in the Midwest and gives Sage Advisors access to Apollon's operational capabilities while preserving the firm's client-first advisory model.
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January 16, 2026
- Buyer
- Community Financial System, Inc., Community Bank, N.A.
- Target
- ClearPoint Federal Bank & Trust, ClearPoint Federal Bank & Trust (ClearPoint)
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Community Financial System (through its wholly owned banking subsidiary Community Bank, N.A.) has entered into an agreement to acquire ClearPoint Federal Bank & Trust in an all-cash transaction valued at $40 million. The deal is expected to expand Community Financial’s wealth management capabilities (via Nottingham Financial Group) and add more recurring, fee-based revenue tied to ClearPoint’s trust administration business in the death care industry.
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January 12, 2026
- Buyer
- National Manufacturing Group
- Target
- J.M. Hutton & Co.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
National Manufacturing Group, a multi-plant OEM supplier based in Troy, Michigan, has acquired J.M. Hutton & Co., a Richmond, Indiana metal fabricator with a 275,000-square-foot production facility. The deal expands National's metal stamping, laser cutting, and powder-coating capabilities and advances its vertical-integration strategy to better serve OEM customers in vocational truck, medical, food service and casket markets.
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January 8, 2026
- Buyer
- Gryphon Investors
- Target
- Safety Management Group
- Seller
- NMS Capital
- Industry
- Professional Services
- Location
- Indiana, United States
- Type
- Buyout
Gryphon Investors has acquired Safety Management Group (SMG) from NMS Capital; financial terms were not disclosed. SMG, headquartered in Indianapolis, will serve as a new platform for Gryphon to pursue organic growth and add-on M&A in outsourced Environmental, Health & Safety (EH&S) services while SMG's management team remains in place with a meaningful ownership stake.
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January 6, 2026
- Buyer
- East Coast Power, A&M Capital Partners
- Target
- United Powerline Solutions
- Industry
- Utilities
- Location
- Indiana, United States
- Type
- Addon
East Coast Power (ECP), a portfolio company of A&M Capital Partners, has acquired United Powerline Solutions (UPS), a Haubstadt, Indiana–based provider of overhead distribution services for electric utilities across the Midwest. The add-on expands ECP’s geographic footprint, distribution services capabilities and storm-response capacity as the platform pursues nationwide growth amid grid modernization and infrastructure investment.
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January 2, 2026
- Buyer
- H3 Partners
- Target
- Upper Hand
- Industry
- Cloud & SaaS
- Location
- Indiana, United States
- Type
- Buyout
H3 Partners, a private equity firm focused on SaaS/fintech and health/wellness investments, has acquired Upper Hand, an Indianapolis-based provider of youth sports management software. The acquisition will accelerate product innovation and expand Upper Hand's technology capabilities to better serve sports facilities, trainers and youth sports organizations.
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January 1, 2026
- Buyer
- American Elevator Group
- Target
- Mid-America Elevator
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
American Elevator Group (AEG) has merged with Mid‑America Elevator, a long‑standing Indianapolis-based provider of elevator maintenance, repair and modernization services. Maven Group advised Mid‑America; terms were not disclosed. The transaction brings Mid‑America into AEG’s national platform to expand capabilities, access advanced technologies and accelerate growth in Indiana while preserving local leadership and the Mid‑America brand.
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January 1, 2026
- Buyer
- Allison Transmission Holdings, Inc.
- Target
- Dana Incorporated Off-Highway business (Off-Highway Drive & Motion Systems)
- Seller
- Dana Incorporated
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Divestiture
Allison Transmission Holdings, Inc. (NYSE:ALSN) completed its $2.7 billion acquisition of Dana Incorporated’s Off-Highway business (Off-Highway Drive & Motion Systems). The deal is intended to broaden Allison’s off-highway and industrial powertrain capabilities and create a global platform headquartered in Indianapolis.
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December 23, 2025
- Buyer
- VMG Health, Incline Equity Partners
- Target
- Burrows Consulting
- Industry
- Healthcare Services
- Location
- Indiana, United States
- Type
- Addon
VMG Health, a portfolio company of Incline Equity Partners, has acquired Burrows Consulting, a specialist in funding strategy and reimbursement optimization for community-based healthcare organizations. The add-on expands VMG Health's capabilities serving Federally Qualified Health Centers, rural health clinics and other community providers and broadens its national presence.
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December 22, 2025
- Buyer
- The State Group, Apollo Global Management
- Target
- J&J Electric of Indiana, Inc.
- Industry
- Construction
- Location
- Indiana, United States
- Type
- Addon
The State Group, a portfolio company of funds managed by Apollo, has acquired Kokomo-based electrical contractor J&J Electric of Indiana, expanding its footprint in Central and Northern Indiana. J&J Electric brings over 200 union electricians and capabilities in electrical construction, maintenance, fire, security, communications, utility and safety systems to The State Group's multi-trade platform.
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December 18, 2025
- Buyer
- Jack Omer
- Target
- Lee's Famous Recipe Chicken (New Castle, Indiana franchise location), Five Lee's Famous Recipe Chicken franchise locations in Indiana (multi‑unit acquisition)
- Seller
- Mike Fort
- Industry
- Restaurants & Hospitality
- Location
- Indiana, United States
- Type
- Buyout
Jack Omer, a third‑generation member of the Lee's Famous Recipe Chicken family, acquired the New Castle, Indiana Lee's franchise location from longtime franchisee Mike Fort and signed a development agreement to open multiple new locations in the greater Indianapolis area. Subsequent reporting indicates Omer completed a multi‑unit acquisition of five Lee's franchise locations in Indiana as part of a broader multi‑unit growth and geographic expansion plan.
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- Buyer
- National Safety Apparel (NSA), Blue Point Capital Partners
- Target
- NASCO Industries, Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
National Safety Apparel (NSA), a Blue Point Capital Partners-backed platform, has acquired NASCO Industries, Inc., a U.S. manufacturer of flame-resistant rainwear and protective outerwear headquartered in Washington, Indiana. The add-on expands NSA's flame-resistant rainwear portfolio and strengthens its coverage in the electric utility PPE segment as part of the platform's continued roll-up strategy.
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December 17, 2025
- Buyer
- dormakaba
- Target
- Avant-Garde Systems Inc.
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
dormakaba has signed a binding agreement to acquire Avant-Garde Systems Inc., a US-based independent entrance systems control solution provider headquartered in Clarksville, Indiana. The deal is intended to strengthen dormakaba’s North American go-to-market in access automation and expand capabilities for key verticals such as data centers and airports. The company expects to close in early January 2026.
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- Buyer
- New State Capital Partners, Amethyst Capital Group, LLC
- Target
- Harrell-Fish Inc.
- Seller
- Existing owners
- Industry
- Construction
- Location
- Indiana, United States
- Type
- Buyout
New State Capital Partners has completed a majority investment in Harrell-Fish Inc., a Bloomington, Indiana-based mechanical contractor, in partnership with Amethyst Capital Group. The existing owners retained significant equity and will remain with the company as New State positions HFI as a platform for organic growth and add-on acquisitions to expand geographically across the Midwest and beyond.
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December 1, 2025
- Buyer
- Inovar Packaging Group, LLC
- Target
- Enterprise Marking Products (EMP)
- Seller
- Chris Fread, Carol Fread
- Industry
- Packaging
- Location
- Indiana, United States
- Type
- Addon
Inovar Packaging Group, a Dallas-based label and packaging platform, has acquired Enterprise Marking Products (EMP), a flexographic label manufacturer headquartered in Fishers, Indiana. The add-on expands Inovar’s Midwest footprint and bolsters its capabilities in durable and industrial labeling applications for customers across industrial, food & beverage, and consumer durable markets.
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November 30, 2025
- Buyer
- Wealth Enhancement
- Target
- FPG Private Wealth
- Seller
- Financial Partners Group
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Wealth Enhancement has acquired FPG Private Wealth, a hybrid RIA with locations in Carmel and Lafayette, Indiana that oversees more than $532 million in client assets. The deal, which closed November 30, 2025, expands Wealth Enhancement’s Midwest footprint and marks its first office presence in the greater Indianapolis market, increasing the firm's total client assets to more than $127.8 billion.
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November 25, 2025
- Buyer
- Republic Airways Holdings Inc.
- Target
- Mesa Air Group, Inc., Republic Airways Holdings Inc.
- Industry
- Transportation
- Location
- Indiana, United States
- Type
- Buyout
Republic Airways Holdings Inc. and Mesa Air Group, Inc. completed their all-stock merger, forming a leading publicly traded regional airline. The combined company will operate under the Republic name, trade on NASDAQ under ticker RJET, with Republic stockholders owning ~88% and Mesa stockholders owning at least 6% (up to 12% depending on pre-closing criteria).
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November 23, 2025
- Buyer
- Americo Chemical Products, LLC, Harbour Group Industries, Inc.
- Target
- Fusion Chemical
- Seller
- Matt East
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Americo Chemical Products, a Harbour Group company, has acquired Fusion Chemical, a Huntington, Indiana-based maker of specialty metalworking fluids. The deal brings Fusion's founder Matt East and his team into Americo and expands Americo's product portfolio with next-generation lubricants and coolants; terms were not disclosed.
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November 19, 2025
- Buyer
- LawnPRO Partners, HCI Equity Partners
- Target
- Total Lawn Care, Inc.
- Seller
- Terry Jungels, Mark Cavin
- Industry
- Environmental Services
- Location
- Indiana, United States
- Type
- Addon
LawnPRO Partners, a lawn-care platform majority-owned by HCI Equity Partners, has acquired Indiana-based Total Lawn Care, Inc. (TLC), a company serving the Indianapolis area for over 35 years with organic-focused lawn care and pest control services. The deal expands LawnPRO Partners' geographic footprint into Indiana and adds local operating capability and employees to the platform.
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