Instacart goes from supermarket to stock market, raising $660M with IPO
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.
Business Services
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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.
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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.
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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.
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Articles
Safety Management Group acquires Trinity Safety Group
The combination of the two Indianapolis-based firms is expected to to result in increased job opportunities for environmental, health and safety professionals.
Comfort Systems USA acquires 54-year-old Indianapolis contractor
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.
Blo Blow Dry Bar chain entering Indiana with three Indy-area locations
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.
Williams Comfort Air and Mr. Plumber acquired by Georgia company
The acquisition marks Marietta, Georgia-based Wrench Group’s first expansion into the Midwest and adds 400 employees to its operations.
DoorDash offers lower-priced delivery plans amid criticism
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.
Angie’s List, parent company change name, roll out new app
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.
Dickinson Fleet Services acquires Minnesota truck repair business
The acquisition, announced Tuesday, was the 11th for Indianapolis-based Dickinson since 2017.
Autotrader parent acquires Indianapolis-based Dickinson Fleet Services
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.
Acquisition merges two Indianapolis-based landscaping companies
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.
Longtime local office-supplies firm plans merger, HQ move to Illinois
Independent Suppliers Group, formerly known as Independent Stationers, is merging with Rosemont, Illinois-based cooperative TriMega Purchasing Association and Chicago-based Pinnacle Affiliates.
Bloomington software firm nabs $10 million investment
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.
Denison Parking acquires boutique valet firm in effort to expand business line
Purchase of SOPHI Global gives Denison a new subsidiary and adds Lucas Oil Estate and numerous downtown destinations to its valet holdings.
Indiana Chamber creates umbrella resource for workforce development
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.
U.S. services firms grow at a record pace
Seventeen services industries reported growth last month, and none declined.
Local tech firm Emplify lands $7.5 million in venture capital
It’s the first round of growth capital secured by the company, which focuses on human resources-related software-as-a-service products.
Carmel firm ties schools’ systems together to boost safety
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.
Growth of Indy-based Defenders home-security company outpaces industry
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.
Heritage Group aims to boost startup ecosystem with accelerator
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.
Hoosier businessman starts active-shooter preparedness business
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.