The pricing of the IPO gave Instacart a market value of around $10 billion, significantly lower than the $39 billion value placed on it after a fundraising round in 2021.
IBJ Podcast: The story behind Peterman’s wild growth across Indiana since brothers took over
Pete Peterman couldn’t have imagined how much and how fast the company would grow under the new generation, which had a strategy that required a fundamental change in the business.Read More
Heath Outdoor owners plan brewery and distillery near Box Factory
Heath Outdoor is billing their new-look campus, which includes Digs Garden Center, as The Yard at North Mass.Read More
Service firms receiving multiple buyout offers from private equity investors
Private equity firms are simply head over heels for service firms such as plumbing and heating and air-conditioning companies.Read More
The combination of the two Indianapolis-based firms is expected to to result in increased job opportunities for environmental, health and safety professionals.
In separate deals, Houston-based Comfort Systems USA said it acquired Indianapolis-based Edwards Electrical & Mechanical Inc. and local temporary staffing company Kodiak Labor Solutions LLC.
The Canada-based hair styling chain specializes in wash and blow-dry services and special-occasion hairstyling. It has more than 100 locations, but none in Indiana so far.
The acquisition marks Marietta, Georgia-based Wrench Group’s first expansion into the Midwest and adds 400 employees to its operations.
Even before the pandemic, DoorDash, Grubhub and other delivery companies had a rocky relationship with restaurants, who criticized their high fees, lack of transparency and sometimes spotty service. That relationship was further tested by the pandemic.
For the first time since its founding in 1995, Angie’s List is getting a new name. But the reference to co-founder Angie Hicks isn’t going away.
The acquisition, announced Tuesday, was the 11th for Indianapolis-based Dickinson since 2017.
Dickinson has about 1,000 employees overall, including 200 in Indianapolis. It operates 18 nationwide service centers and a fleet of more than 700 mobile repair units.
The owners of landscaping firm Heath Outdoor LLC have acquired True North Landscaping LLC, creating an Indianapolis-based company that is expected to have 60 employees and bring in $5 million in revenue this year.
Independent Suppliers Group, formerly known as Independent Stationers, is merging with Rosemont, Illinois-based cooperative TriMega Purchasing Association and Chicago-based Pinnacle Affiliates.
FormAssembly launched in 2006 and this is first time it will take outside money. The company says the investment comes in the midst of a wave of consumer demand for data regulation.
Purchase of SOPHI Global gives Denison a new subsidiary and adds Lucas Oil Estate and numerous downtown destinations to its valet holdings.
The chamber announced Thursday morning that it has created the Institute for Workforce Excellence after its annual survey showed growing concern by employers over their ability to find qualified job applicants.
It’s the first round of growth capital secured by the company, which focuses on human resources-related software-as-a-service products.
Layered Solutions Inc. is helping schools enhance their mass-notification and emergency-management systems with products that could make it easier and faster to communicate in a crisis.
The local family-run company specializing in home security and smart-home technology has grown 20 percent each of the past two years, with $600 million in revenue projected for 2018.
The Heritage Group announced it is partnering with worldwide entrepreneurial mentoring network Techstars to start a business accelerator that officials said will boost local startups and raise the region’s profile with venture capitalists.
A former police officer and county coroner has tapped Seymour Police Department Capt. Carl Lamb to serve as training manager for churches, schools and businesses.