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

    • Guide to Leaving a Legacy

      American philosopher William James once said, “The great use of life is to spend it for something that will outlast it.” Have you ever stopped to think about the impact you want to have on the world? Each day—and every dollar—is an opportunity to make a difference. Not sure where to start? Here are several ideas to get you on your way!   Your Presence Is a Present Not every charitable-minded person is financially positioned to give money to favorite...

    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

    • Martha Hoover (left) pictured with Inside INdiana Business Television Host Gerry Dick in 2016.

      Hoosier Restaurateur Makes InStyle's 'Badass 50' List

      A Hoosier restaurateur has been recognized in InStyle Magazine’s recently released third edition Badass Women issue. The issue includes a bi-annual Badass 50 feature which spotlights dedicated women from the spheres of science, social justice, law, entertainment, politics, and other industries.

    • Coy: Interest in 16 Tech Growing

      For nearly 20 years, many wondered if the 16 Tech Innovation District on the near west side of Indianapolis would ever happen.  But last week, the project reached a visible milestone with the topping out ceremony for its anchor building.  Chief Executive Officer Bob Coy says now that progress can actually be visualized, interest is building for a talent attraction and retention project that has spanned four mayoral administrations.  “We have non-binding letters of...
    • Picture Courtesy: Indianapolis Airport Authority

      Indy Airport Among 'World's Best Domestic Airports'

      Travel + Leisure Magazine has named Indianapolis International Airport one of readers' favorite domestic airports in the world. The airport landed the second spot on the magazine’s 2019 World’s Best Awards. .

    • (photo courtesy of Rich Nye/WTHR)

      Thr3e Wise Men Broad Ripple Site Heading to Auction

      The site of the former Thr3e Wise Men restaurant and brewery in Indianapolis' Broad Ripple neighborhood is going up for auction next month. Indianapolis-based Key Auctioneers says the auction will include the facility's 30-barrel brewing system, restaurant and bar equipment, and three-way liquor license. The property is set for both an on-site and online auction August 1.

    • (photo courtesy IPFW)

      Purdue Fort Wayne Acquires Land for South Campus

      Purdue University Fort Wayne has officially closed on a three-story, 77,000-square-foot building and approximately 13 acres of land. The university paid $3.8 million for the property, which could become the new home for the Richard T. Doermer School of Business.