First Merchants to acquire Indianapolis-based Hoosier Trust Co.
Muncie-based First Merchants plans to acquire Hoosier Trust for $3.2 million in a deal that is expected to close early next year.
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Calumet Specialty Products posts $56M quarterly loss
The Indianapolis-based company, which makes specialty hydrocarbon and fuels products, said it is seeing business conditions improve compared with earlier months of the pandemic.
Pet supplies chain with 10 local stores going out of business
The retailer has 358 stores, including four in Indianapolis, two in Carmel and one each in Brownsburg, Greenwood, Shelbyville and Zionsville.
Ivy Tech, Conexus to launch first-of-its-kind truck driver training program
The one-semester program, which includes both on-the-road driver training and academic instruction, is set to begin in January at Ivy Tech campuses in Indianapolis, Lafayette, Fort Wayne, Evansville and Lawrenceburg.
Italian market and restaurant Catello’s coming to Indy’s north side
Owner Catello Avagnale, who moved to the area from his native Italy in 2014, will operate both a restaurant and a market in an 8,400-square-foot space in the Clearwater Springs shopping center on East 82nd Street.
Allison Transmission’s sales, profit improve from previous quarter’s plunge
Although its financial performance hasn’t yet recovered to pre-pandemic levels, the Indianapolis-based manufacturer’s third-quarter financial results exceeded analysts’ expectations.
Car detailing specialty chain opening first Indiana store
Detail Garage, a California-based retail chain, will open a franchised store in Plainfield on Friday. It’s the first in Indiana for the fast-growing retail arm of Chemical Guys, which makes a line of car detailing products.
Hickory Hillz BBQ opening in downtown Franklin
It will be the second restaurant for the business that started in Edinburgh in 2005. Also this week: Guardian RV Storage, Sun King, Big Woods, Liftoff Creamery and Athletic Annex.
Total Wine & More liquor superstore to open in Nora
The 86th Street store, which is set to open next month, will be the first in Indiana for the Maryland-based chain. Also this week: Nada and Downtown Arts Market.
Indianapolis-based IMH Products acquires Brownsburg manufacturer
IMH said it plans to move Mainstay’s equipment and its 38 employees to its Indianapolis facilities by year’s end. Both companies are in the metal fabrication business.
Chick-fil-A planning new downtown restaurant
The new Chick-fil-A will occupy the cellar and ground floor of 10 E. Washington St., which has been vacant since the menswear chain Jos. A. Bank closed its store there in 2017. Also this week: The Exchange Whiskey Bar and Dave & Buster’s.
Software firm Emarsys acquired by German firm
Emarsys, a marketing software company based in Austria, has its North American headquarters in Indianapolis.
New art and design shop to serve in-person, online customers
Up to now, the business has primarily served architects and designers in bigger markets. Also this week: Lou Malnati’s, Dave & Busters, Godiva Chocolatier, Nesso, Jiffy Lube.
Spot Freight spins off new software company, adds 40 workers
The spinoff company, Red Technologies, is built around proprietary software that Spot launched in 2015 to help connect shippers, trucking companies and drivers for the purpose of freight brokering.
First Merchants CEO Rechin stepping down after 13 years
Mike Rechin, who has served as the bank’s president and CEO since 2007, plans to retire at the end of the year. His departure will trigger several promotions among the bank’s other executives.
Sahm’s Restaurant Group closing downtown cafeteria, tavern
Ed Sahm, the restaurant group’s founder and owner, said the pandemic-related exodus of downtown office workers meant the two locations are no longer financially viable.
Chase to close three Indianapolis bank branches
The three branches, all of them in Indianapolis, will close on different dates in October and November. Even after the closures, though, Chase will still have three dozen or so locations around the city.
Cracker Barrel launches ‘ghost kitchen’ test pilot in Indianapolis
Cracker Barrel Old Country Store Inc. is converting one of its Indianapolis restaurants into a food-preparation-only location as a way for the company to experiment with the emerging “ghost kitchen” trend.
Artisan gift shop coming to Fountain Square
The husband-and-wife owners previously sold their creations on social media and at craft fairs. Also this week: Joella’s Hot Chicken, SweeTie’s Gourmet Treats, Lily & Sparrow and Ross Dress for Less.
ClusterTruck expanding to Broad Ripple, Fishers
ClusterTruck plans to start deliveries in Broad Ripple on Monday and in Fishers on Oct. 8, marking an expansion of the food-delivery company’s suburban Indianapolis footprint.