Matt Howard, Indiana Limestone Co., Earns IBJ CFO of the Year Honors

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ILCO CFO is key figure in company's turnaround success

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Matt Howard, CFO, Indiana Limestone Company

Matt Howard, Chief Financial Officer at Indiana Limestone Co., Bloomington, Ind., has been named 2016 CFO of the Year by the Indianapolis Business Journal. The 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 leading 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 had 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, Co-Managing Partner at Wynnchurch. “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."

Said Tom Quigley, Indiana Limestone CEO, “We’re more than proud of Matt’s accomplishments as our CFO. 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.”

About Wynnchurch Capital, Ltd.

Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Michigan and Toronto, and affiliates in New York City, Los Angeles, and Montreal, Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch's strategy is 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. For more information, please visit http://www.wynnchurch.com .

About Indiana Limestone Company

Indiana Limestone Company is unmatched as the 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 the 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. For more information, please visit http://www.indianalimestonecompany.com.

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Duffe Elkins

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