Two Carmel companies planning HQ in new Arts & Design District building
Studio M Architecture & Planning and engineering firm KBSO Consulting LLC will co-own the $9 million building called The Collective at Midtown.
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Customers to exercise under retractable roof at planned Carmel fitness center
Ozwell Fitness will feature a 2,600-square-foot retractable dome roof that will allow customers to exercise outdoors.
Carmel replacing grass with artificial turf at Midtown Plaza
The $147,238 project comes after the city had trouble growing natural grass. The turf, once installed, will have a natural grass appearance and “be cushioned for delicate joints,” the city says.
Seattle firm to acquire part of Carmel-based Residential Warranty Services for $33M
Porch says it plans to acquire Residential Warranty Services’ home-warranty and home inspector software and services businesses. The deal is expected to close next quarter.
KAR shares rise 40% after Carmel firm says it will sell ADESA
The Carmel-based auction services company declined to say how many of its 1,000 employees in Indiana would be affected by the transaction. But it said the buyer—Carvana Co.—will not require any employees to relocate.
Carmel-based KAR Global agrees to sell ADESA auction unit to Carvana to focus on digital marketplace
About 4,500 employees of ADESA and KAR will be transferred to Carvana as part of the sale. That’s just under 50% of the company’s total head count. According to IBJ research, KAR has about 9,600 employees worldwide and 1,150 employees in Indiana.
KAR Global bounces back with profitable year
Carmel-based KAR Auction Services Inc. on Wednesday reported better-than-expected fourth quarter earnings and full-year results that were much better than the previous year’s.
Fifth Third Bank puts its name on box offices at the Center for the Performing Arts
For at least the next five years, Fifth Third Bank will be naming-rights sponsor of box offices at Carmel’s Center for the Performing Arts.
Stout’s Shoes plans Carmel comeback in The Signature development
The long-running footwear store will own space below the residential condominiums at the Old Meridian Street location and lease some of it to other retailers.
St. Vincent wants judge to order investigators to cooperate in case of fired physician
It’s the latest twist in a long-running story involving Dr. Timothy Story, who worked for St. Vincent Medical Group for a decade, but was fired in August 2020 after St. Vincent learned of a federal investigation into his prescribing practices.
Use of on-demand execs becomes a growing trend
Rather than hiring full-time executives, companies are increasingly likely to turn to a fractional executive—someone who serves part time, typically on contract rather than as an employee.
Carmel-based tech firm Lumavate scores $6M investment
This is the sixth round of funding Lumavate has announced since its founding in 2015. The company offers a no-code platform that clients can use to create smartphone apps.
Real estate exec Woodard seeks adaptive reuse for old fan factory
Real estate executive Turner Woodard has closed on the acquisition of the former Horton Fan Factory in Carmel and plans to market it to an array of potential users.
Dealers Wholesale acquires Wisconsin-based security business
The Indianapolis-based distributor of commercial doors, business hardware, and security systems has completed a deal for ClearPath Connections of Pewaukee, Wisconsin.
Crumbl Cookies continues local expansion with Carmel store next on list
The Utah-based gourmet cookie franchise arrived in Indiana with five stores in 2021, starting with a Fishers location a year ago.
Carmel-based GyanSys acquires Vancouver-based Salesforce partner
With the acquisition of British Columbia-based Groundswell Cloud Solutions, GyanSys now has more than 250 employees who work in the firm’s Salesforce practice.
Carmel-based DriverReach lands $7.5M in equity funding
DriverReach, founded in 2016, offers a platform that makes it easier for customers to hire commercial truck drivers. The company said it plans to use its additional funding on hiring and product research and development.
Carmel-based maker of cannabinoid products to hire as many as 270
3C Labs LLC, a cannabinoid research and manufacturing firm, intends to invest $1.5 million in expanding its Indy-area operations, according to a contract with the Indiana Economic Development Corp.
Former Marion County prosecutor Carl Brizzi dies
Brizzi, who experienced a number of setbacks and controversies throughout his career, was an of-counsel attorney with Lewis and Wilkins LLP at the time of his death.
2021 Year in Review: Lessonly, KAR among tech dealmakers
Indiana’s tech sector hit a red-hot cycle of mergers and acquisitions, pushing the number of deals well past marks set in 2018, 2019 and 2020 by the end of 2021’s third quarter. Experts said the M&A activity spoke to how the state’s tech sector had matured, as well as the gobs of cash burning holes in investors’ pockets.