Good leaders must first
be good servants.

Driving a collective vision.

Our team members have experience operating and managing businesses.

  • J.A. Lacy

    Chief Executive Officer

    J.A. Lacy serves as Chief Executive Officer of LDI, Ltd. an Indianapolis-based family office.  LDI’s current portfolio includes OIA Global, a third-party logistics provider, UltiMed, a manufacturer of insulin injection devices and Polygon, a manufacturer of composite components used in construction, medical device and municipal utility end markets.

    J.A. is a director at Citizens Energy Group, a broad-based utility providing natural gas, water and wastewater services to central Indiana residents, Auxo Marine Holdings, a barge transportation and logistics provider, and Telamon Corporation, a diversified manufacturer of telecom equipment and wire harness products. He also currently serves on the Central Indiana Community Foundation, Teach for America, Central Indiana Corporate Partnership, Christ Church Cathedral Foundation and Downtown Indy boards and has served on boards at the central Indiana United Way, YMCA and Women’s Fund.

    J.A. earned a Master of Business Administration from the University of Chicago Booth School of Business and holds a Bachelor of Arts degree from the University of Notre Dame.

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  • Bill Himebrook

    Vice President - Chief Financial Officer

    Bill Himebrook serves as Chief Financial Officer of LDI providing oversight for the accounting, financial reporting, taxes, treasury, and risk management functions. He works with the finance teams of LDI operating companies to evaluate operational investments to improve and accelerate performance.

    Bill joined LDI with more than 25 years of financial experience in a variety of areas including accounting, auditing financial reporting, budgeting and financial analysis, and corporate development. He brings significant experience to LDI in managing large, enterprise-wide projects. He previously served as Vice President of Integration at WellPoint, where he led integration activities for over a decade.

    Bill is a CPA and began his accounting career at Price Waterhouse. He holds an accounting degree from Indiana University, where he also served as a basketball team manager under coach Bob Knight.

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  • John Martin

    Vice President - Corporate Development

    John Martin leads LDI’s acquisition and development activities as VP of Corporate Development. He joined LDI in 2013 and is responsible for initiating platform investment opportunities, structuring and negotiating transactions, supervising due diligence and supporting the strategic acquisition efforts of LDI operating companies. John has over fourteen years of M&A experience.  John previously worked at Mason Wells, where he supported the firm’s investment activities and worked with portfolio company management teams to achieve value creation objectives. He began his career in the investment banking group of Robert W. Baird & Co. focusing on buy-side and sell-side M&A advisory assignments. John earned his MBA from Indiana University and a B.S. in finance from the University of Illinois.  He serves on the Board of KIPP Indy Public Schools and on the Board of ACG Indiana.

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  • Marty Brown

    Vice President - Strategy and Operations

    Marty Brown focuses on value creation within LDI operating companies as VP of Strategy and Operations.  He joined LDI in 2015 and leads operating company strategic planning, advises operating company management teams, and supports data analysis and reporting. Marty has over ten years of operational experience across strategy, marketing, and product management functions. Most recently, he worked as Vice President of Marketing at One Click Ventures, a portfolio of eyewear-focused e-commerce companies.  He was an early Product Manager at Zynga (NASDAQ: ZNGA), where he specialized in analytics and experimentation for new product launches.  Marty began his career as a Business Analyst in Deloitte Consulting’s strategy and operations practice, where he served clients in the healthcare and retail industries. Marty earned an MBA from the Wharton School of the University of Pennsylvania and a BA from Wabash College.  He serves on the Board of Directors for the Phoenix Theatre and Catholic Youth Organization of Indianapolis.

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  • Kim Blalock, CWPC

    HR Associate & Office Manager

  • Ben Fouch

    Director, Strategy & Operations

    Ben Fouch serves as Director, Strategy & Operations at LDI with a cross-functional focus across acquisitions, development, and strategy. He advises LDI’s portfolio companies on strategy development and execution while also assisting with the analysis, diligence, and execution of platform and bolt-on acquisitions. Ben brings a background in M&A, operational finance, and entrepreneurship to the team.

    Ben previously worked within Booz Allen Hamilton’s Corporate Development team, executing on the full buy-side M&A lifecycle and performing financial analysis for C-suite decision-makers. He began his career by founding, growing, and eventually exiting Dark Horse Sports Recruiting, a Chicago-based college admissions consultancy.

    Ben studied at the University of Notre Dame, where he graduated summa cum laude with a B.B.A in Finance. He is actively involved with the Hendricks County Community Foundation and the Mitch Daniels Leadership Fellows. Outside of the office Ben is working on visiting every National Park, completing a Spartan Race trifecta, finding the perfect zucchini bread recipe, and learning a third language.

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  • Jane Wilson, CPA

    Senior Tax Manager

  • Brandon Ruggles

    Senior Associate

    Brandon Ruggles serves as a Senior Associate at LDI, responsible for identifying, planning, and realizing transformational value creation opportunities within the firm’s portfolio of businesses. Brandon brings a diverse series of experiences and perspectives to his work, having executed a variety of strategic sales, finance, operations, and human resource projects at firms ranging in size from startups to Fortune 500 enterprises. His work at LDI focuses on building businesses that achieve sustainable long-term growth by addressing opportunity at all levels.

    Prior to joining LDI, Brandon worked in corporate strategy for Booz Allen Hamilton’s Defense and Military Intelligence division, where he structured and commercialized business units and products for the intelligence space in collaboration with the firm’s executive leadership. Brandon developed his entrepreneurial spirit while co-founding two businesses in the sports and sports recruiting spaces, one of which he successfully exited while the other has grown to become the largest college basketball recruiting firm in Illinois.

    A passionate Domer, Brandon graduated magna cum laude from the University of Notre Dame with a bachelors in Finance and was the youngest member elected to the Notre Dame Alumni Club of Chicago board. Outside of work, he continues to be highly involved in high school club basketball, helping to run one of the largest travel clubs in the state of Illinois. In his free time, Brandon enjoys exploring the food scenes of major cities with his fiancée, taking long walks by the lake with their dog, and waiting impatiently for the Chicago Cubs’ next World Series championship.

LDI Board Members

  • Michael L. Smith

    Chairman of the Board

    Mike Smith serves as the Chairman of the LDI, Ltd. Board and also serves as a director on OIA Global’s board. Mike previously served as EVP and CFO of Anthem, Inc. and its subsidiaries, Anthem Blue Cross and Blue Shield – which merged with WellPoint – before his retirement in 2005.  Before joining Anthem, Mike served as Chairman, President and CEO of Mayflower Group, Inc., a worldwide relocation service, from 1989 to 1995.

    Mike serves as a director of several publicly owned and private companies including Envision Healthcare Corporation, Carestream Health, Inc., Vectren Corporation, Hulman & Company, and USI Inc. 

    He chairs the Eskenazi Health Foundation Board and serves on the Board of the Lumina Foundation. He is a member of the Board of Trustees of DePauw University. 

    Mike started his business career with Arthur Andersen after graduating from DePauw University.

  • J.A. Lacy

    President & CEO

    J.A. Lacy is President and CEO of LDI and is the fourth generation of the Lacy family to manage the company. His responsibilities include the daily operations of LDI and working with business unit managers to drive performance and value creation. J.A. previously served as President of FinishMaster, President of Tucker Rocky Canada and Vice President of J. Walter Thompson.  He sits on the boards of Citizens Energy Group and Essco Corporation, is a member in Gravity Ventures III and serves on the Central Indiana Corporate Partnership and Central Indiana Community Foundation boards.  Past community involvement includes serving as Director for United Way, YMCA, Central Indiana Women’s Fund, and chairing the United Way’s Tocqueville Society.  J.A. was also named to the Indianapolis Business Journal list of Forty under Forty. J.A. earned his MBA from the University of Chicago and a bachelor of arts degree from the University of Notre Dame.

  • Mark Miles

    President & CEO, Hulman & Company

    Mark D. Miles is President and Chief Executive Officer of Hulman & Company, comprised of Clabber Girl, Georgetown Realty, Indianapolis Motor Speedway, INDYCAR, IMS Productions, and various other business entities. Prior to joining Hulman, from January 2006 through December 2012, Miles was President and Chief Executive Officer of Central Indiana Corporate Partnership, Inc. (“CICP”), a non-profit, regional alliance of corporate CEOs and university presidents focused on long-term growth and economic development throughout the Central Indiana region, including strategic priorities as wide-ranging as human capital (education), entrepreneurship and innovation, government reform, and mass transit. In 2008, Miles led a successful effort to earn Indianapolis the right to host Super Bowl XLVI.  He was Chairman of the Board of the 2012 Super Bowl Host Committee, with 18 staff members and thousands of volunteers, and which served as an extension of the National Football League in the local community to centralize planning and execution of the 2012 Super Bowl event. In conjunction with the 2012 Super Bowl, Miles spearheaded a civic effort known as the Legacy Project to effect positive change throughout the surrounding community.  Legacy Project work done on the Near Eastside of Indianapolis created a lasting legacy and impact far beyond game week – with special emphasis on Youth Education Town and revitalization of the East 10th Street business district. From August 1990 through 2005, Miles was Chief Executive Officer of the Association of Tennis Professionals (“ATP”).  While there, Miles built the ATP into a world-class, professional organization, stabilized a sport that was struggling to compete with other sports and entertainment entities, posted impressive revenue gains, launched innovative marketing initiatives, and expanded its global presence through successful events in Asia, the Middle East and Latin America. During his years with the ATP, prize money rose from $47million to $85million, and long-term commercial sponsorships were put into place, with Mercedes-Benz being established as the ATP’s Premium Partner in 1996.  He helped to forge closer ties with the game’s other governing bodies and, along with the ITF, helped return tennis to the Olympics and strengthened the sport’s prominence through the awarding of ATP ranking points for the competition. In 1984, Miles was chosen to organize and produce the Pan American Games, scheduled to be held in Indianapolis in 1987.  As President of the organizing body, he led the $100 million event with 38,000 volunteers and staged the most successful Pan Am Games in history. From 1985 until 1990, Miles was President and volunteer Tournament Director of the ATP Indianapolis tournament, where he oversaw its transition from clay to hard courts, while doubling revenues through record ticket sales and sponsor support.  Under his leadership, the tournament was awarded the first of 10 consecutive ATP Tournament of the Year awards – an award chosen by the players. From 1988 to 1990, Miles served as Executive Director of Corporate Relations for Eli Lilly and Company, an international pharmaceutical, medical instrument and agricultural chemical company headquartered in Indianapolis. Miles serves on numerous civic and non-profit boards and committees. Miles earned his bachelor’s degree from Wabash College, and is a member of the Wabash College Athletic Hall of Fame. Mark and his wife Helen have four children and four grandchildren and reside in Indianapolis.

  • Kristin T. Sherman

    Chief Financial Officer, VMS BioMarketing

    Kristin T. Sherman is Chief Financial Officer for VMS BioMarketing, a healthcare marketing firm focused on improving patient outcomes. Prior to VMS, Sherman served as the Chief Financial Officer for several biotech firms including Calibrium, LLC until its acquisition by Novo Nordisk in 2015, and Marcadia Biotech which was purchased by Roche in 2010.  Sherman also served as the Treasurer and Vice President of Finance for Guidant Corporation during the sale of Guidant to Abbott and Boston Scientific.  She began her career in various finance positions with Eli Lilly and Company. Sherman earned her B.A. in Economics from DePauw University and her MBA from The Tuck School of Business at Dartmouth College.  She serves as Treasurer of the Community Health Network Board of Directors and Chair of the Audit, Compliance and Finance Committee.

Operating Company Independent Directors

  • Bob Baumgartner, OIA

    Executive Chairman & CEO, Center for Diagnostic Imaging, Inc.

    Robert V. Baumgartner joined Center for Diagnostic Imaging, Inc (CDI) in 2001 and, as chief executive officer, led the organization through a period of growth resulting in the addition of more than 35 new partnerships. Since 2011, he has served as executive chairman of CDI. He is a past director and past chairman of the Association for Quality Imaging (AQI), a national, industry advocacy group. Prior to joining CDI, Mr. Baumgartner held the positions of chief executive officer and board member of American Coating International, president and chief executive officer of First Solar, president of Apogee Auto Glass Group and other executive positions. He currently serves as Chairman of the Board at Bio-Techne Inc. and serves on the board of Carestream Health. Mr. Baumgartner holds a B.B.A. from Notre Dame and is a CPA.

  • Dave Lewis, OIA

    Managing Director, PwC

    David P. Lewis recently joined PwC as a Managing Director in the WNTS Tax Policy Services group in Washington, D.C.  Earlier in 2018, Mr. Lewis retired from the role of Vice President-Global Taxes and Assistant Treasurer at Eli Lilly and Company in Indianapolis, Indiana.  In this position, Mr. Lewis had global responsibility for all aspects of the Company’s tax and tax-related matters.  Mr. Lewis joined Eli Lilly and Company in 1988 and retired in March, 2018 and held several roles within the global tax organization in his 30 years of service at Lilly, including as the company’s chief tax executive for nearly 19 years.  Prior to 1988, Mr. Lewis engaged in the private practice of law, focusing primarily in the areas of taxation, securities, banking and corporate law.   Mr. Lewis graduated from Arsenal Technical High School in 1977, Wabash College in 1981 with a major in Economics and the Indiana University School of Law in Bloomington in 1984.  He is admitted to practice law before the Indiana State Bar and the Bars of the Federal District Courts, Southern and Northern Districts of Indiana.  He is a member of the Board of Trustees at Wabash College.

  • Michael Crafton, Polygon

    President and CEO, Nelbud Services Group

    Michael Crafton is the President and CEO of Nelbud Services Group, a life safety services company he founded in 2005 with $800 and built into a global leader with more than 20 locations and over 30,000 recurring customers. Michael has successfully steered Nelbud through (2) private equity buyouts, multiple buy-side acquisitions, and engineered numerous change management style company transformations over the past 15 years. Michael has a B.S. in Business from Indiana University, is very active in numerous community organizations, and an avid traveler.

Operating Company Leadership

  • Jim Erickson

    President & CEO, UltiMed

    Jim Erickson is President and CEO of UltiMed, where he is responsible for leading the strategic direction of the company. Prior to joining UltiMed, Jim held positions at CapitalSource, GE Capital, Divine InterVentures and Ernst & Young. Jim has a broad background in corporate investments, LBOs, venture capital, turnaround consulting, and restructuring in a variety of industries. Jim earned his MBA from Northwestern’s Kellogg School of Management and a B.A. from the University of Notre Dame.

  • Randy Rice

    CEO, Polygon

    Until his recent appointment as CEO of Polygon, Randy has spent his career in the Packaging Industry primarily with Illinois Tool Works a fortune 200 Company based in Chicago, Illinois. He started his professional career with Signode a division of Illinois Tools Works as a sales representative in the Mid-Atlantic Region. Through progressive levels of responsibility Randy held positions in sales management, marketing, national accounts, product development and as Vice President & General Manager in the Protective Packaging Division.

    While at ITW Randy gained experience in the acquisition of both competitive and complimentary product line businesses. He has held managerial and P&L responsibility for multi-plant businesses with facilities located in India, Thailand, Turkey, Europe and North America.

  • Jeffery Barrie

    Chief Executive Officer, OIA Global

    Jeffery Barrie has a reputation for transformational leadership within the logistics industry. He has refined his leadership through thirty years of experience in collaboration, empowerment, and performance with diverse, global teams. As OIA Global’s Chief Executive Officer, Mr. Barrie provides inspired leadership and strategic direction with a focus on operational excellence, digitization, and high customer satisfaction.

    Originally from the U.K., Mr. Barrie graduated from Stephen F. Austin State University in Texas, with a Bachelor of Business Administration. He began his career at Air Express International and BAX Global and ultimately held several leadership positions at DB Schenker. Previously, Mr. Barrie was DB Schenker’s Chief Executive Officer, USA.