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Former Celadon affiliate 19th Capital sold in deal that should save dozens of jobs

May 13, 2020 | Susan Orr

Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.

Former Celadon affiliate 19th Capital to close, terminate 199 workers

February 27, 2020 | Susan Orr

The Indianapolis-based asset financing and fleet management company notified state officials this week that it will permanently close its operations late next month, eliminating all of its employees.

Bohanon & Curott: Taxing capital gains like job income is bad idea

May 7, 2021 | Cecil Bohanon / Special to IBJ and Nick Curott / Special to IBJ

Taxing dividends and capital gains encourages too much consumption and too little savings, which is to the long-term detriment of households and the larger economy.

2020 mergers and acquisitions that lacked public prices

January 29, 2021

Here are notable Indianapolis-area mergers and acquisitions that closed in 2020 for which financial details were not available.

Celadon admits it is under federal criminal investigation

July 4, 2018

The Indianapolis-based trucking company said the probe by the Criminal Division of the United States Department of Justice is related to financial reporting issues that it first disclosed in May 2017.

Celadon’s financial-reporting issues much worse than expected

April 3, 2018

An internal probe found Celadon overstated earnings by as much as $250 million from 2013 to 2016. The local trucking company said it will be delisted from the New York Stock Exchange.

BEHIND THE NEWS: Inside the issues that grounded Celadon

May 11, 2017

The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.

Celadon execs avoid live questions in brief conference call

May 3, 2017

The troubled Indianapolis-based trucking company conducted a conference call Wednesday to answer questions about its latest accounting issues, but the call lasted 18 minutes and investors didn’t get to talk.

Lawsuit alleges SEC investigation, financial cover-up at Celadon

April 20, 2017

The plaintiff says he was harmed financially because he purchased Celadon stock at “artificially inflated prices.” The company’s shares declined after allegations of misleading statements and a federal probe.

Trucking firm Celadon sells tractor portfolio for $13.6M

October 5, 2015

Celadon Group Inc. sold a portfolio of semi tractors and their associated leases for $13.6 million to a joint venture controlled by a private-equity firm, Indianapolis-based Celadon announced late Friday.

Indiana’s Legislature appears poised to make history by ignoring a governor’s special-session call

November 20, 2025 | Casey Smith, Indiana Capital Chronicle

Who controls the session’s length, agenda and existence once called has been debated since Indiana’s first constitutional convention in 1816, again in 1850 and in a 2022 Indiana Supreme Court case.

Hillenbrand shares soar after it announces $3.8B acquisition

October 15, 2025 | Alex Brown, Inside INdiana Business

Hillenbrand Inc., one of Indiana’s largest public companies, is set to become private after being acquired by an investment firm headquartered in Dallas, the company announced Wednesday.

5-star stays and fine dining: Interest groups foot bill for congressional travel

July 29, 2025 | Arnolt Center for Investigative Journalism and Indiana Capital Chronicle

Members of Indiana’s U.S. House of Representatives delegation and their staffers have accepted roughly $640,000 in privately sponsored international travel since 2020, an analysis of travel disclosures found.

At century mark, Footlite venue seeks support for repairs

July 24, 2025 | Dave Lindquist

All proceeds from a centennial gala, with tickets priced $65 to $125, will support preservation efforts of the Hedback Community Theater.

Whitestown distribution building housing Shein sold for $47M

July 10, 2025 | Mickey Shuey

The 565,500-square-foot structure becomes SkyREM’s only current holding in Indiana and one of the five largest in its 29-property portfolio.

Carmel developer plans 315-unit luxury apartment project in Plainfield

December 17, 2024 | Mickey Shuey

Located north of The Shops at Perry Crossing shopping center, Crossing 5 Towns & Flats is expected to offer market- and above-market-rate units ranging from one to three bedrooms.

Lilly Endowment CEO gets 2024 Sachem Award

November 26, 2024 | Whitney Downard, Indiana Capital Chronicle

Indianapolis philanthropic leader Clay Robbins is the 19th person to receive the award, meant to honor outstanding community contributions.

Made in Indiana: Hickory furniture by Old Hickory Furniture Co.

August 9, 2024 | Daniel Bradley

History: Old Hickory’s origins date to the late 19th century, when Billy Richardson began selling hickory chairs and rockers on Saturdays in Martinsville’s town square. Old Hickory Furniture Co. was founded in 1892 and incorporated in 1899. The Richardson family owned Old Hickory until the 1960s, when it was purchased by hotel chain Ramada, which […]

Vince Wong: Indiana is poised to extend its leadership in life sciences

May 3, 2024 | Vince Wong

The four pillars of our state’s new life sciences strategy—fostering R&D and innovation, enhancing Indiana’s manufacturing ecosystem, boosting the state’s life sciences talent and workforce, and supporting connections and outreach—will help Indiana attract and retain new investments and top talent, enabling the state to solidify and extend our leadership.

Ambition drives CEO as Mexican restaurant group expands

March 22, 2024 | Daniel Bradley

Paul Arechiga is CEO of Fishers-based Arechiga Restaurant Group. The company has nine Mexican restaurants in the Indianapolis area and five more in suburban Chicago.

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