Traffic data provider Inrix may go public

 
 

The Wall Street Journal reports that Inrix is working with Goldman Sachs and J.P. Morgain to raise $100 million through an IPO. Inrix declined to comment on the report. If Inrix goes ahead with the IPO, it would be a rare instance of a local company going public. In recent years, companies have tended o raise money privately or put themselves up for sale rather than go public. Zillow is one of the few exceptions. Kirkland-based Inrix, which has such large customers as Ford Motor and Audi, collects traffic data through arrangements with government organizations that have video cameras along roads as well as input from truck fleets and a large army of consumers who use its apps. Consequently, the company's traffic data includes information not only on highway traffic but also traffic conditions on side streets. The company has raised about $68 million in venture capital. Check out our story on the company earlier this year here.

The 2016 Washington Manufacturing Awards: Legacy Award

The 2016 Washington Manufacturing Awards: Legacy Award

Winner: Belshaw Adamatic Bakery Group
| FROM THE PRINT EDITION |
 
 
 
Legacy Award
Belshaw Adamatic Bakery Group
Auburn › belshaw-adamatic.com
When it’s time to make doughnuts — or loaves of bread, or sheets of rolls — it could well be a Belshaw Adamatic piece of equipment that’s turning out the baked goods. From a 120,000-square-foot plant in Auburn, Belshaw Adamatic produces the ovens, fryers, conveyors and specialty equipment like jelly injectors used by wholesale and retail bakeries.
 
The firm’s two legacy companies — Belshaw started in 1923, Adamatic in 1962 — combined forces in 2007. Italy’s Ali Group North America is the parent.
 
It it takes work to maintain a legacy. A months-long strike in 2013 damaged morale and forced a leadership change. Frank Chandler was named president and CEO of Belshaw Adamatic in September 2013. The company has since strived to mend workplace relationships while also introducing a stream of new products, such as a convection oven, the BX Eco-touch, with energy saving features and steam injection that can be programmed for precise times in baking. The company energetically describes it as “an oven that saves time, reduces errors, makes an awesome product, and is fun to use and depend on every day!”
 
So far, more than 3,000 have been installed in quick-service restaurants, bakeries, cafés and supermarkets in the United States. They are the legacy of Thomas and Walter Belshaw, former builders of marine engines, who began producing patented manual and automated doughnut-making machines in Seattle 90 years ago. They sold thousands worldwide and, today, Belshaw Adamatic is the nation’s largest maker and distributor of doughnut-making equipment.