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Private Companies
Broad 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.
MoreNot all fun and games for north-side comedy club
August 27, 2011
Andrew SmithNew owners' focus on business practices, bigger-name comedians put Morty’s Comedy Joint on stronger footing.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.