IBJNews

Logistics firm s2f investing $10.8M in Plainfield facility

Back to TopCommentsE-mailPrintBookmark and Share

Startup logistics firm s2f worldwide LLC will invest $10.8 million to set up its headquarters and distribution center in Plainfield, creating 250 jobs by 2013.

State economic development officials announced the company’s plans early Monday.

As IBJ reported in January, s2f has a number of high-profile local investors including wireless phone distributor Brightpoint Inc., Conseco Inc. founder Stephen Hilbert, Lewis Wagner law firm co-founder Robert Wagner, and Michael “Mickey” Maurer, founder of National Bank of Indianapolis and co-owner of IBJ Media. Prominent attorney Lacy Johnson is an investor and chairman of the firm’s board.

The company, a minority business enterprise that offers a range of transportation management, warehousing and distribution services, will lease a 200,000-square-foot building near Indianapolis International Airport.

Other investors include Stephen Simon, son of mall pioneer Herb Simon and the managing member of Simon Equity Partners; casino operator Jack Binion; Earl Scott, co-founder of the Maryland telecom infrastructure firm DYNIS LLC; and Frank White Jr., a Washington, D.C.-based investor who founded an IT firm focusing on the intelligence community.

s2f is led by CEO Randall Lewis, who last August left WellPoint Inc., where he was executive vice president and chief compliance officer.

The new firm will serve the automotive, chemical, government, life sciences, mass retail, technology and telecommunications sectors, using Brightpoint’s licensed technology.

It plans to begin hiring warehouse workers and supervisors next month; operations are expected to commence during the second quarter.

"Plainfield's infrastructure makes it an ideal location for s2f. We look forward to bringing jobs to our state and becoming an engaged community partner," Lewis said in a prepared statement.

The Indiana Economic Development Corp. offered s2f worldwide as much as $2 million in performance-based tax credits and up to $45,000 in training grants. The town of Plainfield will consider additional property tax abatements at the request of the Hendricks County Economic Development Partnership.

ADVERTISEMENT

  • S2F
    The proper ID is S2F not s2f. I know because I air-crewed many hours between 1954 and 1962 NAS Gross Ile MI
    Would you have Info on David D Jackson who has compiled history on all exixting Trackers or Tracers and all S2 frames
    My e-mail is hankay@wowway.com. I have some 8mm footage of S2F flight operations

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

ADVERTISEMENT