The year 2015 in Illinois was one of new business launches, corporate restructures and new partnerships.
Here is a look at Illinois Business Daily's Top 10 most-read stories of 2015:
Bolingbrook, Illinois-based Web-only consignment company Swap.com has experienced a considerable and increasing surge in business that has seen as much as 50 percent growth in revenue from month to month.
Swap.com outgrew its 6,000-square-foot Addison space, then moved to a 67,000-square-foot space in Bolingbrook.
Company officials announced in December that 600 new employees would be hired in 2016 and 1,200 more would be hired in 2017.
In early August, TLC Ingredients Inc. officials gave U.S. Rep. Randy Hultgren (R-IL) a tour of its facility to show him the value and safety of chemical distribution companies that participate in programs such as the National Association of Chemical Distributors.
The congressman said he was pleased to have been given a tour of the facility.
TLC Ingredients distributes chemicals and food ingredients across the United States, primarily to the Upper Midwest. Based in Crest Hill, Illinois, they are committed to responsibly distributing their products through corporate sustainability and to working with suppliers and customers to protect the environment, support employees and give back to their local community.
Precision metal manufacturer Dynacast, which operates 23 manufacturing facilities in 16 countries around the world, announced in mid-December it had purchased Tek-Cast Inc./MH Machining Group of Bensenville, Illinois.
Dynacast's main activities in North America are multi-slide zinc, aluminum capacity and CNC machining. The global company is headquartered in North Carolina and operates a facility in Elgin.
Dynacast officials said plans were for the company to secure $1.5 billion to $2 billion in assets over the next three to five years.
Mosaic451 announced in early September it would partner with IlliniCloud to form IlliniSecure.
The partnership aims to make available to K-12 school districts the same level of security operations services that Fortune 500 companies currently access.
Through the partnership, IlliniSecure will protect each member district, beginning immediately in Illinois and dispersing among other IlliniCloud partner states this year. By partnering together, IlliniSecure will be able to combine the network security knowledge of Mosaic451 with the dedication to the education sector of IlliniCloud.
Keeley Asset Management Corp. (KAMCO) announced in August that it had entered into a definitive agreement for the transfer of the voting shares of its parent company, Joley Corp., to TA Associates.
In addition to TA's ownership, certain KAMCO employees will be participating with TA as non-controlling equity owners. The transfer is subject to the satisfaction of certain regulatory approvals and is expected to be completed in September.
In July 2008, KAMCO completed a minority leveraged recapitalization with TA, a leading global growth private equity firm with a strong track record of successful investments in the asset management industry.
In mid-December, the Barrington Chamber of Commerce (BACC) selected new officers to serve in 2016.
New 2016 executive committee members included Patricia Jacobsen of Jensen, Jacobsen & Associates Inc., chairperson; Liz Luby of @Properties — The Luby Group, first vice chairperson of membership; Tom Cramer of Wintrust Mortgage, second vice chairperson of events; Edmund Tobias, of Tobias Family Dentistry, treasurer; and past chairperson Lisa Caputo of Morgan Stanley – The Schirmann Group.
New board members will be Liz Donofrio of Advocate Good Shepherd Hospital; Dennis Kelly of FGMK Insurance Agency Inc.; and Jennifer Prell of Paxem/Elderwerks.
Northern Trust of Chicago was honored recently with two awards in Waters magazine's American Financial Technology Awards.
Each year, the publication spotlights companies that offer exemplary financial service technology. Northern Trust was honored for best cloud initiative and best analytics initiative.
Winners are selected by a panel of financial services technology professionals and editorial staff from Waters.
Atlantic Street Capital, a private equity firm, announced in August it had acquired The Sandwich Shop Holdings Co., a leading franchisee of Jimmy John’s Gourmet Sandwich Restaurants.
Jimmy John’s, established in 1983, is based out of Champaign, Illinois. It is a fast-casual submarine sandwich chain that has approximately 2,000 restaurants throughout the U.S.
Founded in 2001, The Sandwich Shop Holdings Co. owns and operates 23 franchised Jimmy John's in the greater Chicago area.
Commerce Bank Central Illinois Regional President Brent Eichelberger joined the Illinois Chamber of Commerce Board of Directors.
Eichelberger was elected to the board during the Illinois Chamber board’s yearly meeting on July 14 in Chicago.
Eichelberger oversees the bank’s operations in the Bloomington-Normal, Peoria, and Champaign-Urbana regions.
U.S. Sens. Dick Durbin (D-IL) and David Vitter (R-LA), chairman of the Small Business and Entrepreneurship Committee, cheered the committee's August approval of a bill that would help small businesses owned by veterans.
The bill, called the Veterans Small Business Enhancement Act, would allow these small businesses to participate in the General Services Administration’s (GSA) surplus property program.
U.S. Rep. Tammy Duckworth (D-IL) introduced a companion bill in the House.
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