More than a century after LDI’s inception (in 1912), I stood in its downtown Indianapolis office with corporate development associate Maggie Musgrave. She’d just returned from maternity leave. It was my kids’ first day of school. We immediately bonded.
LDI stands for Lacy Diversified Industries. Andre Lacy, who passed away in 2017, was the longtime leader and was actively involved with the Indiana Chamber (earning a Volunteer of the Year award in 2008) for many years.
LDI is in its fourth generation of family leadership. The organization funds and operates customer-focused, middle-market companies. Currently, three are in its portfolio: OIA Global, UltiMed and Polygon.
“We really keep things pretty family oriented here, as you can tell from all the family photos,” Musgrave relates, gesturing toward a display case in the break room. “This is a lasting company that has a real impact on the communities we serve. These are all just reminders of that.”
Mementos from previous LDI-owned companies also adorn the shelves.
“I would say that if there’s one thing that makes LDI different, because we’re a family office, because we’ve been around so long – we’re not going to go away. We’ve been in Indianapolis for more than 100 years. We’re going to be here for much longer too.”
What do employees love about working there? What do its portfolio businesses do? How does LDI preserve workplace cultures at the organizations it acquires? Find out in the November-December issue of BizVoice® magazine.