Current news for this company:
Hansen & Horn - Indianapolis homebuilder
The IndyStar has reported that Indianapolis homebuilder Hansen & Horn (website: hansenandhorn.com) has admitted to being insolvent to a creditor. The company's control will be handed over to a court-appointed receiver. Per the article:
It seems that Hansen & Horn as been in business for over 20 years and was "one of the largest homebuilders in the Indianapolis area."
If you have any further information on this implosion, including information regarding their size (e.g. closings per year, employees), please leave a comment below or email us!
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.