HKW buys maker of PPE for $36M

Indianapolis-based private equity firm Hammond Kennedy Whitney & Co. Inc. has acquired a majority interest in Infab LLC, a California-based maker of personal protective equipment for health care.

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Steak n Shake outlook goes from bad to much worse

Rating agencies, which already ranked Steak n Shake on the lowest rungs of their creditworthiness ladders, further sounded the alarm bells in recent weeks after Steak n Shake paid off some of its debt at a discount—something a lender never would agree to if it thought it was going to be paid in full.

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