The investment fund is Centerfield Capital Partners’ fifth, and the largest yet in the private-equity firm’s 24-year history.
Castle President and CEO Gary Pittsford, who founded his business in 1973, said the deal will allow the firm to continue to grow, and give it access to a much larger pool of experts and services.
Indianapolis-based Republic expects the layoffs to take place in two waves on Oct. 1 and Nov. 1, although they likely will be temporary for local pilots, flight attendants, dispatchers and maintenance facility employees.
Defenders owners David and Jessica Lindsey, who founded their home security and automation company in 1998, received roughly 16.3 million shares of ADT common stock for their 100% stake in the company, ADT said.
Orbis was founded in 2003 by Daniel Briggs, who now serves as the company’s chief growth officer. The firm markets and manages health care programs for academic institutions and health care systems.
Fred M. Fehsenfeld, who died Nov. 28 at 94, built an Indianapolis-based company that employs 6,500 people around the world in the core industries of environmental and remediation, specialty chemicals and fuel products, and construction and materials.
Founded in 2016, ClearScholar is the second company in the High Alpha portfolio to be snapped up in the last four months.
It’s been a bumpy ride for North American Midway Entertainment, which was sold in 2015 to a Connecticut-based buyer for $75.5 million. One of its former owners just bought it back for $23.5 million.
This year, Indianapolis’ largest car wash chain—which is also one of the nation’s largest—marks its 70th anniversary. Sort of.
Heartland Food Products Group said it plans to leave its offices at Clay Terrace for a bigger headquarters within 18 months. The move would allow the firm to add about 130 employees.
With the addition of NetShape Technologies, Westfield’s Metal Powder Products has 1,200 employees in the U.S. and China and annual sales of $200 million.
Tech entrepreneur Scott Jones maintains the woman’s allegations that the consulting firm treated her unfairly and hoped to use her to perpetrate fraud are without merit.
After 33 years, the maker of industrial heat-exchange equipment will fuse to a similar German manufacturer.
IEA Energy Services has completed about 200 wind and solar projects around the country, including the 9,000-acre Benton County Wind Farm in northern Indiana.
The acquisition gives HighPoint Global about 350 employees and annual revenue of $140 million.
Mickey Maurer and Bob Schloss have shared ownership of the media company for 27 years but decided to bring in Nate Feltman as part of their succession plan.
K.B. Parrish & Co. is taking on a new name and expanding its services, with the goal of adding dozens of local workers within three years.