ILCO Exec Earns CFO of the Year Honors

BLOOMINGTON, Ind. – Matt Howard, chief financial officer at Indiana Limestone Co. (ILCO), is the 2016 CFO of the Year as noted by the Indianapolis Business Journal.

Matt HowardThe publication selected him as Top Honoree in the category of Private Company, $100 million in revenue or less.

The award recognizes Howard’s key efforts in support of Indiana Limestone’s notable turnaround success beginning in 2014. Wynnchurch Capital, a middle-market private-equity firm focused on investments in niche manufacturing, distribution and business service companies, acquired Indiana Limestone in May 2014.

In little over a year, ILCO doubled its excavation figures and reestablished itself as one of central Indiana’s leading employers, adding 43 new jobs.

Executives at Wynnchurch and Indiana Limestone said Howard was an essential figure in the company’s strong growth over the past two-and-a-half years.

“Indiana Limestone Company, in partnership with Wynnchurch, has reasserted the industry leadership it held for many decades,” said John Hatherly, Wynnchurch co-managing partner. “Matt’s been one of the most important players in that remarkable progress. His judgement, skill and dedication have helped keep ILCO on the strongest possible fiscal footing as it moved ahead to exploit new markets and sharpen product and service offerings to its traditional customer base.

“I can’t think of any financial officer who’s more-deserving of the honor.”

“We’re more than proud of Matt’s accomplishments as our CFO,” said Tom Quigley, ILCO CEO. “This award sets the seal on all he’s done here. Dynamic management of the finance side of our work was a prime element in achieving what we have here.

“We’ve seen major revenue and earnings growth, and we’ve established important new business relationships. Matt’s work was fundamental in making it all happen.”

Indiana Limestone Company is a premier supplier of Indiana Limestone in a range of beautiful and lasting building products. Founded in 1926 (with predecessor firms that had been quarrying limestone since the mid-1800s), ILCO today remains a provider of choice for this internationally renowned natural stone.

Throughout an illustrious history in which its stone has made such iconic structures as the Empire State Building, National Cathedral, and the Pentagon, ILCO has reliably provided the highest quality products and services carefully tailored to the needs of the market with an environmental, natural focus.

Wynnchurch Capital Ltd., headquartered in Rosemont, Ill., with offices in Michigan and Toronto and affiliates in New York, Los Angeles, and Montreal, was founded in 1999 with a strategy to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement.

Wynnchurch Capital manages a number of private equity funds with $2.3 billion under capital management and specializes in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital.

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