Indiana 250: Amy Schumacher
Schumacher is a member of the fourth-generation of the Fehsenfeld family to lead The Heritage Group, which has a portfolio of more than 30 businesses and 5,000 employees.
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Heartland Ventures closes $52M investment fund
The Ohio-based venture firm, which gets its funding from Indiana and Ohio companies, invests in tech startups developing products that can benefit those Midwestern investors.
Indianapolis-based Centerfield launches $400M investment fund
The investment fund is Centerfield Capital Partners’ fifth, and the largest yet in the private-equity firm’s 24-year history.
Indianapolis-based Castle Wealth Advisors acquired by Kansas firm
Castle President and CEO Gary Pittsford, who founded his business in 1973, said the deal will allow the firm to continue to grow, and give it access to a much larger pool of experts and services.
Republic Airways to furlough 293 in Indianapolis, 2,500 company-wide
Indianapolis-based Republic expects the layoffs to take place in two waves on Oct. 1 and Nov. 1, although they likely will be temporary for local pilots, flight attendants, dispatchers and maintenance facility employees.
Local security systems dealer Defenders acquired by ADT for $381M
Defenders owners David and Jessica Lindsey, who founded their home security and automation company in 1998, received roughly 16.3 million shares of ADT common stock for their 100% stake in the company, ADT said.
Carmel-based Orbis Education to be acquired for $362.5M by public company
Orbis was founded in 2003 by Daniel Briggs, who now serves as the company’s chief growth officer. The firm markets and manages health care programs for academic institutions and health care systems.
Heritage Group founder Fehsenfeld remembered as ‘revolutionary builder’
Fred M. Fehsenfeld, who died Nov. 28 at 94, built an Indianapolis-based company that employs 6,500 people around the world in the core industries of environmental and remediation, specialty chemicals and fuel products, and construction and materials.
St. Vincent lays off 85 workers across Indiana
The Indianapolis-based health system is under pressure from parent Ascension to cut costs, and has signaled in recent months that it plans to transform its delivery system.
Texas tech firm acquires High Alpha’s ClearScholar
Founded in 2016, ClearScholar is the second company in the High Alpha portfolio to be snapped up in the last four months.
Hoosier carnival pro buys back big amusement operation on the cheap
It’s been a bumpy ride for North American Midway Entertainment, which was sold in 2015 to a Connecticut-based buyer for $75.5 million. One of its former owners just bought it back for $23.5 million.
After split driven by succession planning, family-owned Crew Carwash is in growth mode
This year, Indianapolis’ largest car wash chain—which is also one of the nation’s largest—marks its 70th anniversary. Sort of.
Carmel-based Splenda maker to relocate headquarters, add jobs
Heartland Food Products Group said it plans to leave its offices at Clay Terrace for a bigger headquarters within 18 months. The move would allow the firm to add about 130 employees.
Indy-area manufacturer of metal components buys similar firm in Floyds Knobs
With the addition of NetShape Technologies, Westfield’s Metal Powder Products has 1,200 employees in the U.S. and China and annual sales of $200 million.
Former Eleven Fifty Consulting employee files discrimination suit
Tech entrepreneur Scott Jones maintains the woman’s allegations that the consulting firm treated her unfairly and hoped to use her to perpetrate fraud are without merit.
Veteran legal team splits to join separate firms
Linda Pence and David Hensel have dissolved their practice after a seven-year run representing defendants in white-collar criminal cases.
Indy-based heating-and-cooling firm under new ownership
After 33 years, the maker of industrial heat-exchange equipment will fuse to a similar German manufacturer.
Indy-based renewable energy firm to go public in merger worth up to $345M
IEA Energy Services has completed about 200 wind and solar projects around the country, including the 9,000-acre Benton County Wind Farm in northern Indiana.
Indy-based consulting firm buys company in nation’s capital
The acquisition gives HighPoint Global about 350 employees and annual revenue of $140 million.
Former commerce secretary Feltman becomes one-third owner of IBJ
Mickey Maurer and Bob Schloss have shared ownership of the media company for 27 years but decided to bring in Nate Feltman as part of their succession plan.