Private Companies

Wheaton acquiring residential mover BekinsRestricted Content

February 11, 2012
Chris O'Malley
Wheaton World Wide Moving is buying the nation’s oldest and one of its largest household movers, Bekins Van Lines. The deal is expected to bring 38 jobs to Wheaton’s northeast-side headquarters.
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Acquisition-minded investors eye Indiana companiesRestricted Content

January 21, 2012
Francesca Jarosz
As deadlines loom, private equity firms, others, move to deploy capital.
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Great-grandson of LDI's founder prepares to take reinsRestricted Content

January 7, 2012
Kathleen McLaughlin
In a world that likes to see businesses grow by leaps and bounds, LDI Ltd. is a tortoise. The family-owned holding company typically hangs onto firms in its portfolio for 15 years or more. It might take more than two years to zero in on an acquisition target. And it’s putting its next CEO, J.A. Lacy, through a year-long apprenticeship.
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Maregatti Interiors acquired by HKS architectural firm

October 13, 2011
Scott Olson
Indianapolis' largest commercial interior design business has been purchased by the national architecture firm that designed Lucas Oil Stadium.
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Olympia Media Partners' newspapers reaching more college campusesRestricted Content

October 8, 2011
Anthony Schoettle
IU grads add employees, revenue as they prepare to expand their company's footprint to 45 schools.
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Suit alleges religious bias at Defender DirectRestricted Content

October 8, 2011
Chris O'Malley
A religious discrimination lawsuit brought in federal court by a former Defender Direct manager has an unusual twist: The employee says she was fired for not embracing her boss’s religious beliefs. The company denies the charges.
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ExactTarget preparing for another IPO attempt

September 13, 2011
Bloomberg News
ExactTarget Inc., which canceled plans for an initial public offering during the 2009 financial crisis, has hired JPMorgan Chase & Co. and Deutsche Bank AG to handle a new attempt, said sources familiar with the matter.
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Not all fun and games for north-side comedy clubRestricted Content

August 27, 2011
Andrew Smith
New owners' focus on business practices, bigger-name comedians put Morty’s Comedy Joint on stronger footing.
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2010 was great for Indiana's 100 largest companiesRestricted Content

June 18, 2011
Norm Heikens
Despite enjoying rising revenues and profits, companies haven't followed with big increases in job numbers.
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Indiana public companies had banner yearRestricted Content

June 18, 2011
Corporations staged advances across a variety of industries in 2010 as the economy improved.
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State's private companies performed unevenly last yearRestricted Content

June 18, 2011
Norm Heikens
Fewer than half generated revenue increases.
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City's fast-growing companies surge with economic recoveryRestricted Content

June 18, 2011
Marc D. Allan
An economic recovery blowing against their backs propelled some Indianapolis-area companies to scorching growth.
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Locally based Business Furniture expands into Illinois, IowaRestricted Content

June 11, 2011
Anthony Schoettle
New markets to be added later this year are expected to double the company's sales within five years.
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ExactTarget stays patient as riches from IPO awaitRestricted Content

May 21, 2011
Greg Andrews
CEO Scott Dorsey says remaining private in the short term allows the company to more easily exploit business opportunities on the horizon.
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Herff Jones sells photography division

April 11, 2011
Kathleen McLaughlin
Indianapolis-based class ring and yearbook maker Herff Jones will sell its photography division to Lifetouch Inc., the company announced Monday.
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ExactTarget reports record annual revenue

February 2, 2011
The Indianapolis-based e-mail marketing firm said revenue in 2010 grew 41 percent, to more than $134 million. The company also marked its 40th consecutive quarter of growth.
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UPDATE: Demand for distribution services drives firm's growth

January 20, 2011
Scott Olson
Indianapolis logistics firm Backhaul Direct LLC plans to invest $1.7 million to grow its downtown operation and add nearly 325 jobs by 2015 as demand for its distribution services grows.
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ChaCha lands $3M investment

January 20, 2011
The Carmel-based company said the latest round of financing extends a $20 million investment it received in October to fund an expansion of its signature mobile service.
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BREAKING: Backhaul Direct plans expansion, 325 new jobs

January 20, 2011
 IBJ Staff
Indianapolis logistics firm Backhaul Direct LLC will invest $1.7 million to grow its downtown operation, adding nearly 325 jobs over the next four years. State officials announced the expansion plans Thursday morning.
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Biomet owners look to arrange $11B marriage

December 15, 2010
J.K. Wall
Warsaw-based Biomet Inc. could get a whole lot bigger if rumors prove true that its owners have made a bid for U.K.-based rival Smith & Nephew plc.
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Lacy company takes stake in Oregon logistics firm

September 18, 2010
 IBJ Staff
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
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Beck's Superior Hybrids plans $24.5M expansion

September 10, 2010
 IBJ Staff
A Hamilton County seed company has plans to expand its facilities, creating as many as 72 jobs over the next five years, state economic development officials said Friday morning.
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Herff Jones buys globe maker Replogle

August 24, 2010
Replogle is one of the world's largest globe manufacturers and dates to the 1930s. The company as of 2004 had 225 employees and sales of $18 million.
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Biomet investing $26M to expand, create nearly 280 jobs

August 13, 2010
 IBJ Staff
Orthopedics giant Biomet Inc. plans to invest $26 million to grow operations in its hometown of Warsaw, adding 278 jobs by the end of 2012.
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Trustee asks for Hansen & Horn bankruptcy to be dismissed

June 28, 2010
Scott Olson
Beleaguered home builder doesn't appear to have funds available to pay an attorney to prepare necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
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  1. Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.

  2. The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.

  3. SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money

  4. Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."

    All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.

    If this is what you think is "insanity" then more companies need to behave insanely.

  5. I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."

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