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2011 Forty Under 40: Adam Gilliatte

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About me...
Adam Gilliatte
Owner
Gilliatte General Contractors
39
Web sites:
On my hip:
iPhone
Most-used apps:
Maps
Messages
Calendar
photos
camera
calculator
e-mail
iPod
Safari
compass
device locator
contacts
Bloomberg
Google
Restaurant Finder
Facebook
the Weather Channel
Cookbook
CBS sports
Favorite stuff:
His children and his faith
 

From the time he was young, and he’d spend his summers pushing a broom or driving a truck, Adam Gilliatte wanted to join his father’s contracting business. But dad insisted that son get an education.

He did—both in civil engineering at Tri-State University (now called Trine) in Angola, and working for a Terre Haute developer. There, he learned the breadth and depth of the construction business, from operating earth-moving equipment to design. “Good, hands-on education,” he called it.

So when he went to work for his father 11 years ago and subsequently bought the Indianapolis family business, Gilliatte felt ready.

Today, you’ll see the now-25-year-old company’s name on projects such as CVS and Kroger stores, schools, student housing and Indiana Downs, a horse-racing track in Shelbyville. Gilliatte said 95 percent of his customers use his company’s services again.

“We’re not the biggest company,” he said, “but we’re a business that operates as a family. I want to be a very efficient, sound business that survives and I can hand down to my kids or employees.”

Gilliatte has three children, ages 4-9, and he’s proud of his company’s family atmosphere. He calls his business partner, Tom Ritman, who worked with his father for 20 years, “my best friend, mentor, colleague. He is the smartest, most compassionate, God-fearing man I have ever met.”

Gilliatte’s devotion to people extends to his outside interests. Like his father before him, Gilliatte is board president of St. Mary’s Child Center, which helps children who are victims of poverty, neglect, abuse and violence become successful and contributing citizens.

“Who’s going to correct that injustice?” Gilliatte said. “That’s something that’s very important to me.”•

___

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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