Business Services

Competition soars at Indianapolis-area airportsRestricted Content

July 19, 2014
Chris O'Malley
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
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Tricky transition: Pillows balance family, business as son preps to take over

July 5, 2014
Dan Human
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
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INDIANA 100: Mainstreet tops fastest-growing companies listRestricted Content

June 21, 2014
Nursing home developer Mainstreet is the fastest-growing private company in the Indianapolis area.
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MacAllister Machinery gearing up for new HQ on southeast side

May 14, 2014
Scott Olson
The Caterpillar dealer is seeking to expand with new corporate offices and sales and service facilities on more than 130 acres of land near the interchange of Interstates 465 and 74.
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Trustee takes over Deca Financial Services

March 19, 2014
 IBJ Staff
Fishers-based bill-collection firm Deca Financial Services LLC missed a March 17 deadline to come up with more than $11 million to avoid involuntary Chapter 11 reorganization sought by its creditors.
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Indiana missing out on IPO fever

January 25, 2014
Chris O'Malley
A new law might encourage more companies to go public.
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Training firm Adayana seeks bankruptcy protection

October 16, 2013
Jeff Newman, Bloomberg News
Indianapolis-based training firm Adayana Inc. said it sought Chapter 11 bankruptcy reorganization this week after two years of unsuccessfully trying to restructure its debts out of court.
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Local auto services firm plans to add 20 jobs

September 4, 2013
Express Motor Vehicle Administration Corp., a provider of managed services for auto dealers, insurance companies, corporations and financial institutions, said it will create the jobs by 2015 as part of a $700,000 expansion.
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CEO leaves Defender Direct; founder retakes top spot

August 8, 2013
 IBJ Staff
Marcia Barnes, who took over as CEO of one of the state's largest private companies 15 months ago, has left the firm.
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Communications firm plans 100-plus area layoffs

April 1, 2013
 IBJ Staff
Fort Wayne-based communications firm Briljent LLC plans to lay off between 100 and 130 employees at its Indianapolis office after losing a large federal contract with the Centers for Medicare & Medicaid.
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Fortune can't explain 'significant and unusual' stock swing

March 19, 2013
Jeff Newman
Fortune Industries Inc. shares on Monday jumped as much as 285 percent from Friday’s closing price. The New York Stock Exchange found the move and an intense spike in trading volume so odd that it asked the company for answers.
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Fortune Industries set to accept $13.3M buyout offer

February 21, 2013
Scott Olson
The proposed buyer is CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer Randy Butler, who first bid for the company last March.
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Downtown Arvey store reopens under new ownership

January 11, 2013
Scott Olson
Arvey Paper & Office Products at 1021 N. Pennsylvania St. began serving customers again in December after closing for six months. A former executive of Arvey's previous parent company bought the name and has reopened five stores nationwide.
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Fortune Industries abandons sale to skilled-nursing operator

January 11, 2013
Scott Olson
The professional employer organization has terminated its purchase agreement with Ide Management Group LLC of Greenfield and now plans to pursue a sale it had explored previously.
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Local elevator service firm bought by German company

January 8, 2013
The Indianapolis elevator repair and installation company has been acquired by ThyssenKrupp AG. Amco Elevator was founded in 1965 and had been locally owned until the purchase.
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Tax software upstart proves appeal to major companiesRestricted Content

December 8, 2012
Chris O'Malley
AppealTrack's simplicity gains attention in growing market for firms managing property tax appeals.
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Data center N/Frame spending more on Carmel upgradeRestricted Content

December 1, 2012
Chris O'Malley
The company that hosts outsourced computer operations is dramatically boosting its investment in its local operation.
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Fortune profit ticks up despite lower revenue

November 15, 2012
Indianapolis-based Fortune Industries Inc.’s profit ticked up slightly in its fiscal first quarter but revenue fell due to the loss of two large clients, the company announced Wednesday.
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Florida payroll provider moving to Indianapolis, adding 59 jobs

October 26, 2012
Beyond Payroll LLC, which said it will add the jobs by 2106, is leasing 2,000 square feet of space in the downtown Stutz Building.
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Startup aims to help relieve business leaders' stressRestricted Content

October 6, 2012
No job is too small for Simply Helpful, which provides office-support services on a contract basis.
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Fortune Industries plans to exit PEO business

October 1, 2012
Scott Olson
In an unusual turn of events, the publicly traded professional employer organization is abandoning its plans to be taken private and instead hopes to become a skilled-nursing operator through a merger with a Greenfield-based company.
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Local services firm plans expansion, up to 100 jobs

September 18, 2012
 IBJ Staff
Business services firm First Advantage said Tuesday that it plans to move its operational headquarters from St. Petersburg, Fla., to its local offices in Fishers, creating up to 100 jobs in the process.
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Millcraft hoping to fill downtown paper-supply void

September 13, 2012
Scott Olson
Millcraft Paper Co. is set to move from the far east side to downtown Indianapolis on Sept. 24 in hopes of filling a void left a few months ago by the closing of Arvey Paper & Office Products.
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Nyhart makes first West Coast acquisition

September 7, 2012
J.K. Wall
Indianapolis-based Nyhart Actuary & Employee Benefits has established its first office on the West Coast with its latest acquisition.
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Fortune Industries founder, chairman dies

August 28, 2012
Carter M. Fortune, 70, died Saturday at his home in Destin, Fla., the company said. The Fortune Industries chairman had been in the process of selling the public company to management in a deal valued at $30.5 million.
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