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Private Companies
Explanations vary for dearth of women in top rungs of business
June 1, 2013
Dan HumanOf 112 public and large private-company CEOs, only four are women, although women make up 47 percent of Indiana's work
force. The four Indiana companies with a woman as CEO at the end of 2012—Bioanalytical Systems, Fortune Industries,
Defender Direct and HP Products Corp.—were among a tiny group nationwide with women at the helm.
MoreBroad Ripple telecom firm plans big growth, 183 jobs
May 10, 2013
Mason KingFounded in 2007 by Purdue University students, Weeks Communications has established a new headquarters in Broad Ripple and
plans to invest $4.1 million as it aggressively hires new employees.
MoreGeico service center to create up to 1,200 jobs in Carmel
March 18, 2013
Mason KingThe insurer will invest millions to lease, renovate and equip a 109,000-square-foot customer service center at 101 W. 103rd
St. It plans to begin hiring immediately, and bring up to 1,200 new jobs by 2016.
MoreSettlement talks set for Don Marsh severance dispute
March 1, 2013
Scott OlsonLawyers for Marsh Supermarkets Inc. and its former CEO will meet Monday on the issue of whether Don Marsh should have to repay
the roughly $2.1 million in severance he received from the company.
MoreLDI installs new Lacy as CEO, hunts for acquisition
February 23, 2013
J.A. Lacy replaced David Shane, who retired Jan. 1. Lacy wants to add another distribution or logistics and manufacturing
firm to the company's portfolio.
MoreUPDATE: Sensient to cut 125 jobs due to Chicago move
February 14, 2013
Sensient Technologies Corp. has alerted state officials that it will lay off 125 workers from its Indianapolis operations.
That follows the company's announcement that it plans to move its local Flavors & Fragrances Group headquarters to suburban
Chicago.
MoreGreensburg auto-parts plant plans expansion, 200-plus hires
February 12, 2013
IBJ StaffAutomotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans
to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
MoreDefense attorneys turn tough in Bales trial
February 1, 2013
Cory SchoutenThe legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first
witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank,
mail and wire fraud.
MoreDeveloper loses fraud appeal
December 28, 2012
Scott OlsonThe Indiana Court of Appeals affirmed Christopher White's 2009 conviction, resulting from a $500,000 bad check he wrote as
he tried to save his real estate development firm.
MoreFort Wayne church insurer plans to add 102 jobs
December 27, 2012
Brotherhood Mutual Insurance Co. expects to hire the employees by 2016 as part of a $15 million expansion that includes building
a 54,395-square-foot facility at its headquarters.
MoreGerdt Furniture to close doors after 53-year run
December 21, 2012
IBJ StaffThe last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation
sale on Dec. 28.
MoreSpeech recognition technology firm gets cash infusion
November 3, 2012
Waveform Communications LLC got its second round of funding for research and development.
MoreNew rules open door to ads for private placements
September 15, 2012
Kathleen McLaughlinIn accordance with the Jumpstart Our Business Startups Act, the Securities and Exchange Commission will lift the long-standing
ban on “general solicitation” of unregistered securities.
MoreSix from Indiana make top 500 on Inc.'s fastest-growing list
August 21, 2012
IBJ StaffA half-dozen Indiana companies were ranked in the top 500 in Inc.'s annual list of the the nation's fastest-growing
private companies, but only two are from Indianapolis.
MoreWeb startup aims to connect private businesses, investors
July 28, 2012
Andrea Muirragui DavisPrivate firms that need to raise relatively modest amounts of capital have a hard time finding money. Now three Indianapolis
entrepreneurs think they have the answer: crowdfunding. Individuals make small investments that are aggregated to fund a business.
Indianapolis-based Localstake wants to be the matchmaker.
MoreCommodities fueled some of Indiana's largest private companies in '11
June 16, 2012
Norm HeikensOil, grain were particularly helpful for cooperatives. An improved economy also propelled manufacturers ahead.
MoreIndianapolis fastest-growing companies run the gamut
June 16, 2012
Marc D. AllanThis year's list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging
from human resources to office furnishings to construction to home health care and games.
MoreSale of Fortune Industries would take company private
March 30, 2012
Scott OlsonThe company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial
Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
MoreWheaton acquiring residential mover Bekins
February 11, 2012
Chris O'MalleyWheaton 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.
MoreAcquisition-minded investors eye Indiana companies
January 21, 2012
Francesca JaroszAs deadlines loom, private equity firms, others, move to deploy capital.
MoreGreat-grandson of LDI's founder prepares to take reins
January 7, 2012
Kathleen McLaughlinIn 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.
MoreMaregatti Interiors acquired by HKS architectural firm
October 13, 2011
Scott OlsonIndianapolis' largest commercial interior design business has been purchased by the national architecture firm that designed
Lucas Oil Stadium.
MoreOlympia Media Partners' newspapers reaching more college campuses
October 8, 2011
Anthony SchoettleIU grads add employees, revenue as they prepare to expand their company's footprint to 45 schools.
MoreSuit alleges religious bias at Defender Direct
October 8, 2011
Chris O'MalleyA 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.
MoreExactTarget preparing for another IPO attempt
September 13, 2011
Bloomberg NewsExactTarget 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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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!