(KY. CENTRAL MARKET REVIEW) – Central Kentucky has a highly skilled workforce, a culture of innovation, and the infrastructure to support entrepreneurs and established businesses. Located at the crossroads of highways 75 and 64, the region is less than a day’s drive from two-thirds of the country’s population. Combined with the allure of horses and bourbon, it’s no wonder that the region is home to over 70 corporate headquarters from various industries that are essential to the country and the global business climate.
Here is an overview of some of the companies headquartered here:
A&W Restaurants has more than 900 locations in the United States and Asia. The 102-year-old company has been headquartered in Lexington since it was acquired by its franchise associations 10 years ago. A&W has offices and a test kitchen located on the UK’s Coldstream research campus, and also operates three prototype restaurants in central Kentucky.
The pandemic has caused a major disruption in the restaurant industry, but A&W has seen great success in 2020, said Kevin Bazner, CEO of the company. In 2020, A&W saw a comparative increase in sales of 9% and its autonomous drive-thru model saw a 14% increase. A&W has also experienced nine consecutive years of positive growth, including near double-digit comparative sales growth over the past two years.
A&W continues to grow. In the first quarter of 2021, the company signed development agreements with two new operators and three current franchise partners engaged in additional locations. Its sales in the first quarter were up 22% from 2020, when comp sales increased by more than 20% from the first quarter of 2019.
Tempur Sealy is also located in Coldstream. The company designs and manufactures premium bedding products, including the Tempur-Pedic and Sealy brands, which have been ranked No. 1 and No. 2 of the top-selling mattress brands in the United States, according to the listing. of Furniture Today’s Top 20 American Bedding Producers. .
In August 2021, Tempur Sealy completed the acquisition of Dreams, the UK’s leading specialist bed retailer. The acquisition of Dreams is expected to nearly double Tempur Sealy’s sales through its international segment and increase the company’s annualized global sales through its direct channel to over $ 1 billion.
Tempur Sealy has added four manufacturing plants in North America in the past year. Its fourth plant, announced in June 2021, will be a state-of-the-art plant in Crawfordsville, Indiana, slated to be the largest Tempur Sealy plant in the world.
Thoroughbred aeronautical maintenance
Thoroughbred aeronautical maintenance opened its new headquarters at Lexington Blue Grass Airport in August 2021. The new location consolidates TAM’s existing presence at the airport, where it has operated since 2018, when it acquired Mustang Aviation. TAM maintains and services all inbound and outbound commercial flights to Lexington, currently employing 18 people. Company executives expect the new operation to add 10 positions over the next 12 months, with an employment target of 65 full-time staff within three years. Jobs created by this project include aircraft technicians, sheet metal specialists, avionics and administrative positions. TAM recently partnered with Bluegrass Community and Technical College to capitalize on its apprenticeship program and create a local talent pool.
TAM has additional locations in Richmond and the Big Sandy Regional Airport in Martin County, which opened in 2017. TAM also has a facility at the Huntington Tri-State Airport in West Virginia and facilities on duty in Danville and Somerset.
Founded in 1988 as Thoroughbred Helicopters, TAM has grown to include aircraft maintenance, from small Cessna planes to business jets, and helicopter helicopters to an Airbus AS365 N3 medium utility helicopter. TAM provides installation, repair and inspection of avionics, aircraft painting, interiors, airframe repair and other services for government aircraft and law enforcement agencies , as well as for corporate and private aircraft.
In 2017, TAM was awarded two five-year contracts with the US Department of Agriculture to modernize and maintain two Airbus H120 utility helicopters, as well as contracts with many other federal, state and local government agencies in Kentucky and surrounding states. .
Lexmark celebrates its 30th anniversary in 2021. The global imaging solutions company was formed from part of IBM’s operations in 1991 and today employs more than 1,600 people at its Lexington headquarters.
Lexmark started out as a printing company and has evolved over the years to meet the needs of the industry. It now provides a full suite of cloud-based services to provide remote service management, print job management, document accounting and scan management functionality to ensure users are always able print and scan documents.
The company was recognized in 2021 by industry analysts as a global leader in print security.
“The adoption of cloud-based technologies and solutions continues to increase, with many CIOs taking a cloud-first approach,” said Brock Saladin, senior vice president and chief commercial officer of Lexmark. “The pandemic has accelerated this trend as cloud-based solutions provide an efficient, secure and cost-effective way to connect remote and hybrid workforce in post-pandemic business environments. “
Rubicon, a software platform that provides intelligent waste management and recycling solutions to businesses and governments around the world, opened its global headquarters in downtown Lexington in the summer of 2021. The location expands the company’s existing footprint in the state and joins the company’s other board of directors. in New York City, which remained in business throughout the last year as the majority of Rubicon’s workforce shifted to remote operations, a significant portion of which continues to be based in the region Metro Atlanta.
The Kentucky-based company helps customers run their businesses more efficiently by streamlining their waste management and recycling operations, and contributes to the growth of its major carrier partners, many of whom are small family businesses. By using technology to drive environmental innovation, Rubicon is helping transform businesses into more sustainable businesses and neighborhoods into greener, smarter places to live and work.
Rubicon officials said the company is positioning itself through its headquarters to expand its central role as a driver of economic opportunity in the state. Rubicon also intends to support research and manufacturing opportunities related to waste.
Irish biochemist Pearse Lyons saw an opportunity to apply his yeast fermentation expertise to the challenges of animal nutrition, and his dream came true when he founded Alltech in 1980 with just $ 10,000. The company, headquartered in Nicholasville, now has a team of more than 6,000 people around the world who share this vision to support and nourish the world’s plants, animals and humans. The company is now run by Mark Lyons, son of the late scientist.
Alltech strives to improve the quality of plants, feed and food through nutrition and scientific innovation, especially yeast technology. His team is committed to helping plants and animals reach their full potential while supporting growers through increased efficiency, profitability and sustainability.
In March 2021, Alltech launched a subsidiary called Acutia which focuses on human health. Alltech applies its 40 years of scientific innovation and nutrition experience to produce high-quality supplements that improve daily nutrition and improve long-term well-being.
“Acutia is a natural extension of our activity, allowing us to directly support people in their quest for better well-being. At a time when we are all deeply aware of the importance of our health, this launch is particularly significant, ”said Mark Lyons.
Some of the other companies headquartered in central Kentucky include:
- The Allen Co., road construction and paving
- Alliance Coal, coal mining services
- Appalachian regional health, hospital system
- Lubricants, automotive oils and chemicals Apollo
- ArchVision, software development
- Asphalt Institute, professional association of petroleum asphalt
- Burkmann Industries, animal feed
- Columbia Gas Kentucky, natural gas distribution
- Corrisoft, electronic surveillance software
- CSI Group, Consulting Services and Automation
- Delta Natural Gas, natural gas
- East Kentucky Power Cooperative, power generation
- Fazoli’s Restaurant Group, catering franchise
- Florida Tile, manufacture and distribution of porcelain / ceramic tiles
- Friesian Horse Association of North America, equine association
- Frogdice, video game creator
- Wales, public safety equipment and uniforms
- General Rubber and Plastics Co., industrial distribution
- Global information systems, software development to track pipelines
- Gray Construction, a design-build company
- Heartland Automation, mobile robots and custom automation equipment
- Innovative mattress solutions, mattress retailer
- Intech Contracting, painting and repair of bridges
- Kinetic Technologies, Equine and Companion Animal Health
- Minova USA, mine roof stabilization
- MosquitoMate, Mosquito control and prevention R&D
- Mountain Enterprises, highway construction and paving
- Nally & Gibson, asphalt and paving materials
- Phoenix Transportation Services, Trucking
- Rhino Resource Partners, coal
- RJ Corman rail group, rail services
- Self Refind, drug treatment clinics
- SIS Holding Co., provider of technological solutions
- United States Dressage Federation, non-profit equine association
- The pony clubs of the United States, equine club
- Valvoline, lubricants and automotive services
- Vasco Ltd., logistics supply chain service
- The Walker Co., road contractor, asphalt producer
- Xact Communications, telecommunications
- The Zenith Co., restaurateur
Click here for more information on Kentucky businesses.