The former Indiana commerce secretary has purchased a one-third stake in the Indianapolis Business Journal and Indiana Lawyer.
Anthony Schoettle of Indiana Lawyer writes, “That doesn’t mean the current owners — well-known Indianapolis entrepreneur Michael Maurer and his partner, Bob Schloss — are going anywhere in the immediate future.
“Maurer and Schloss announced on Friday that 47-year-old Nathan Feltman, a former secretary of commerce under Gov. Mitch Daniels and former president of Home Health Depot, has signed a deal to become an equal partner with the duo that bought the business publication in 1990.
“For now, each of the three will own one-third of the company, with Maurer retaining the title of managing partner of IBJ Corp., which owns IBJ, The Indiana Lawyer, Court & Commercial Record and IBJ Custom Publishing.
“Financial terms of the deal were not disclosed.
“Maurer emphasized the addition of Feltman doesn’t mean he will have a reduced role in the 50-employee company.”
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