Articles

Fortune Industries plans to exit PEO business

In an unusual turn of events, the publicly traded professional employer organization is abandoning its plans to be taken private and instead hopes to become a skilled-nursing operator through a merger with a Greenfield-based company.

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Fortune Industries founder, chairman dies

Carter M. Fortune, 70, died Saturday at his home in Destin, Fla., the company said. The Fortune Industries chairman had been in the process of selling the public company to management in a deal valued at $30.5 million.

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Fortune ekes out profit on falling revenue

Indianapolis-based Fortune Industries Inc. managed a small profit in its third quarter and now has turned a profit in each
of its last three quarters, the company announced this morning.

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