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Logistics firm s2f investing $10.8M in Plainfield facility

 IBJ Staff
March 8, 2010
Keywords
Distribution & Logistics, Distribution centers, Economic Development, Economic Development Incentives, Headquarters, Private Companies, Transportation, Distribution & Logistics, Warehousing
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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.

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  • S2F
    Henry L HegratJuly 29, 2010 7:37 PM
    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
    Reply to CommentFlag Comment

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