Private firms that need to raise relatively modest amounts of capital have a hard time finding money. Now three Indianapolis entrepreneurs think they have the answer: crowdfunding. Individuals make small investments that are aggregated to fund a business. Indianapolis-based Localstake wants to be the matchmaker.
This year’s list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging from human resources to office furnishings to construction to home health care and games.
Oil, grain were particularly helpful for cooperatives. An improved economy also propelled manufacturers ahead.
The company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
Wheaton World Wide Moving is buying the nation’s oldest and one of its largest household movers, Bekins Van Lines. The deal is expected to bring 38 jobs to Wheaton’s northeast-side headquarters.
As deadlines loom, private equity firms, others, move to deploy capital.
In a world that likes to see businesses grow by leaps and bounds, LDI Ltd. is a tortoise. The family-owned holding company typically hangs onto firms in its portfolio for 15 years or more. It might take more than two years to zero in on an acquisition target. And it’s putting its next CEO, J.A. Lacy, through a year-long apprenticeship.
Indianapolis’ largest commercial interior design business has been purchased by the national architecture firm that designed Lucas Oil Stadium.
A religious discrimination lawsuit brought in federal court by a former Defender Direct manager has an unusual twist: The employee says she was fired for not embracing her boss’s religious beliefs. The company denies the charges.
IU grads add employees, revenue as they prepare to expand their company’s footprint to 45 schools.
ExactTarget Inc., which canceled plans for an initial public offering during the 2009 financial crisis, has hired JPMorgan Chase & Co. and Deutsche Bank AG to handle a new attempt, said sources familiar with the matter.
New owners’ focus on business practices, bigger-name comedians put Morty’s Comedy Joint on stronger footing.
Berry Plastics Corp. plans to add 120 office jobs at its Evansville headquarters as it consolidates operations there.
An economic recovery blowing against their backs propelled some Indianapolis-area companies to scorching growth.
Fewer than half generated revenue increases.
Corporations staged advances across a variety of industries in 2010 as the economy improved.
Despite enjoying rising revenues and profits, companies haven’t followed with big increases in job numbers.
New markets to be added later this year are expected to double the company’s sales within five years.
CEO Scott Dorsey says remaining private in the short term allows the company to more easily exploit business opportunities on the horizon.
Indianapolis-based class ring and yearbook maker Herff Jones will sell its photography division to Lifetouch Inc., the company announced Monday.
