Winchester Contracting Company Acquired

Posted: Updated:
Culy Contracting is headquartered in Winchester, Indiana. Culy Contracting is headquartered in Winchester, Indiana.
WINCHESTER -

Maryland-based Midas Companies has acquired an underground utilities company based in Randolph County. Financial terms of the deal for Culy Contracting Inc. are not being disclosed, however Midas says it will allow for growth and an increased presence in the Midwest and on the east coast.

Culy specializes in pipe infrastructure services for water, stormwater and wastewater in government and industrial settings, according to Midas. The company says the acquisition will also increase service offerings for both companies.

"Culy was a logical acquisition for Midas as both companies specialize in infrastructure solutions and successfully create value for their perspective customers," said Dan Cathell, chief executive officer of Midas. "This creates market leading positions while continuing to be a sole provider of comprehensive solutions. This is a strategic opportunity for Midas to expand geographically while continuing to reduce our overall impact on the environment."

Midas says the acquisition will not impact Culy's existing customers. Owners Chris and Doreen Culy will continue to work under the Midas umbrella in the Culy division as vice president of operations and vice president of administration, respectively.

  • Perspectives

    • Expand Your Workforce to Include The Deaf Community

      While there are arguably many minority groups that are grossly underutilized in the workforce, I’d wager that most people do not consider the Deaf community when thinking about diversity and inclusion strategies. The Deaf community shares a unique culture that is closely networked, but few employers know how to tap into this community, which comprises 10 percent of the population. In fact, many people probably see barriers for the Deaf community when it comes to employment...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • The Union Club Hotel was built in 1929. (photo courtesy of Purdue University)

      $30M Gift to Fund Purdue Hotel Renovation

      Purdue University says it plans to use a $30 million gift to transform an existing building into a world-class hotel. The gift from Bruce White, a Purdue alumnus and former trustee, his wife Beth, and the Dean and Barbara White Foundation, will fund the renovation of the Union Club Hotel, which will also serve as a laboratory learning environment for students. The university says the renovations will feature upgrades in furnishings, fixtures, and amenities for the hotel, as well as a...
    • PGA TOUR Superstore to Open in Indy

      A popular golf retailer will Saturday open its first location in Indiana. The PGA TOUR Superstore location in Indianapolis replaces the recently-closed Babies"R"Us location at the Clearwater Crossing Shopping Center.

    • (Image courtesy of Harrison College.)

      Milhaus Details Purchase of Harrison College Indy Campus

      Indianapolis-based Milhaus says it plans to build a 183-unit apartment complex on the same lot as the Indianapolis campus of recently-closed Harrison College. The development, construction and management company purchased the property last month for $6.3 million and Marketing Director Raven Reckley says the college's decision to close was "news to us." She adds Milhaus is "disappointed for the students and staff who are affected most" and will be evaluating...

    • The Impact of Technology on Economic Development Policy

      In a world where technology is enabling almost everything, economic development policy makers are faced with several challenges when planning and implementing strategies for economic growth. Communities, regions and states must be able to adapt programs and initiatives to address the economic disruption caused by technology. In particular, investments in tech and talent are vital to ensuring economic growth and wealth creation for residents and businesses throughout the world.

    • Italian Company Picks Daleville For Continental HQ

      An Italian filter manufacturer is detailing plans to locate its North American headquarters in Delaware County. Filtrec S.p.A. says it will invest $1.3 million into a Daleville operation that could create 25 jobs by 2022. Governor Eric Holcomb announced the plans along with Delaware County and company officials during an economic development mission to Italy. Initially, Filtrec says it will occupy 5,800 square-feet in Daleville and it intends to double or triple that presence...