Professional Employer Organizations

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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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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Fortune ekes out another profit on falling revenue

November 12, 2009
Indianapolis-based Fortune Industries Inc. managed a small profit in its latest quarter, its fourth straight profitable quarter, the company announced Thursday morning.
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Fortune ekes out profit on falling revenue

July 13, 2009
Indianapolis-based Fortune Industries Inc. managed a small profit in its third quarter and now has turned a profit in each of its last three quarters, the company announced this morning.
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