Former commerce secretary Feltman becomes one-third owner of IBJ
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.
Private Companies
Indy accounting firm merges with larger Louisville company, plans growth spurt
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.
Local Adidas sports-apparel plant lays off dozens
Despite the layoffs and the loss of several major contracts at the east-side manufacturing plant, Adidas officials say they intend to continue operating and investing in the facility.
Indy-based parking tech company buys Atlanta software firm
With the deal, T2 Systems gains access to new U.S. markets, its CEO said.
Sun King Brewery to pop tops on Chicago, Louisville markets
The Indianapolis brewery plans to expand its reach outside Indiana for the first time with distribution to “hundreds of liquor and grocery stores, bars and restaurants” in the two new markets.
Fast-growing local software firm bought for $80M by public company
Indianapolis-based Archway Technology Partners, which specializes in wealth management, reported revenue growth of 104 percent from 2013 to 2015.
Fast-growing Fishers quality-control firm bought by Japanese companies
Founded in 2009, Stratosphere Quality pushed revenues to about $122 million last year. It employs about 2,300 workers in 22 states, including about 400 in Indiana.
2017 Indiana 100: You’ll find few motorcycles parked at therapy offices
Q&A with Andre Lacy, LDI Ltd.: “Somebody asked me within the last six months, how many miles have I ridden? I started adding it up. I’ve ridden more than 200,000 miles.”
Carrier releases official Indianapolis layoff numbers
More than a year after the local shutdown announcement that landed Carrier Corp. in the national news, the manufacturer has finally released an official count of the number of jobs it plans to cut.
Carmel advertising agency changes hands
After recovering from the loss of a big client in 2014, the founder and CEO of Fat Atom Marketing has handed over the keys to two employees.
Truck maintenance firm gears up for growth with new investment
A private equity firm has purchased a stake in a local family-owned company with operations across the country as its two founders retire and the next generation takes the helm.
New inmate health provider for state plans to rehire most of current staff
The firm set to take over as health care provider for the Indiana Department of Corrections plans to hire most of the 700 employees of the vendor it will replace.
Waste services firm bought by Florida company in $66M cash deal
CGS Services Inc. was on its fourth generation of family ownership when Florida-based Advanced Disposal Services bought the central Indiana company.
Broad Ripple tech firm lays off a third of its workforce in cost-cutting move
A crucial technology platform revamp didn’t go as planned last year, so Odyssey Media opted to rein in costs until that’s completed, according to its CEO.
Pre-cast concrete firm planning 39 hires in Whitestown
The company, which expects to nearly double its current employee count, began renovations to its facilities in late 2016 and could begin operations this month.
UPDATE: Stonegate Mortgage to be acquired by Michigan firm for $211M
The deal would mark the end of Indianapolis-based Stonegate’s stint as a public company, which has largely disappointed investors since its IPO in 2013.
Jay’s Moving acquires family-owned Fort Wayne firm
Founded in Indianapolis in 1951, Jay’s Moving Co. had been plotting the expansion outside of central Indiana for three years.
Trump has taken few steps to disentangle from private empire
President-elect Donald Trump continues to own or control some 500 companies that make up the Trump Organization, creating a tangle of potential conflicts of interest without precedent in modern U.S. history.
Packaging entrepreneur, 84, to sell family firm for $100M
Bob Haddad started the box company in 1975. It since has branched out to a wide variety of products and several location in Indiana and Illinois with 300 employees total.
Scotty’s Brewhouse founder negotiating to sell stake in chain
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.