Jay’s Moving acquires family-owned Fort Wayne firm

Indianapolis-based Jay’s Moving Co. has entered the Fort Wayne market by purchasing a 59-year-old family-owned moving firm in the northeast Indiana city.

The acquisition of Colen Moving & Storage Inc. closed on Monday, according to Jay’s. Terms of the deal were not disclosed.

Colen, which employs about 10 workers and posted revenue of about $750,000 in 2016, will assume the Jay’s name. Katie Stoneburner, the former owners’ daughter, will head the Fort Wayne office for the long-term.

“What drew us to Colen was their longstanding heritage and impeccable reputation within the Fort Wayne community,” said Jeff Williams, general manager for Jay’s, in a release announcing the deal. “We have been planning our expansion into Fort Wayne for three years now. The opportunity with Colen was a perfect fit for our plan.”

Jay’s was founded in Indianapolis in 1951. It employs about 30 workers and posted revenue of about $2 million in 2016.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.