Orange County Business Journal


Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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ICU Medical Buys N.J. Company

San Clemente-based ICU Medical Inc. said today that it was buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.

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Chapman Gets $3M for Autism Work

Chapman University got $3 million from the William S. and Nancy E. Thompson Foundation for autism research.

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UCI in $50M Water-Energy Project

The University of California-Irvine is part of a team that will study water use and energy production under a $50 million grant.

Wang’s Way

Business Failure Led Vizio Co-founder to ‘Innovate Myself Out of This Situation’

William Wang owes as much to his failures as his successes.

Status Update on Irvine Company Retail

Fashion Island Sidles Up to South Coast Plaza; A+ for Irvine Spectrum

The Irvine Company’s efforts to ensure its retail properties remain relevant to today’s click-happy shoppers have gotten noticed—and not only by the locals who descend en masse to the Irvine Spectrum Center on weekends or the well-heeled tourists flocking to Fashion Island.

CalAtlantic Goes With Irvine Over Westlake Village

REAL ESTATE: Expects to set up similar corporate hub on East Coast

Irvine has gotten the nod over Westlake Village in the merger of Standard Pacific Corp. and Ryland Group Inc.


Consolidation among insurance brokerages continues at a pace that had a recent Deloitte report identifying “serial acquisitions” as the “core driver of brokerage growth.” The Business Journal’s Jane Yu asked Orange County brokerage executives to share their thoughts about the consolidation trend. They discuss some key factors that are contributing to the mergers and acquisitions activity, such as low interest rates and increasingly complex regulations, as well as risks that come with the changes. Here are edited excerpts of their responses.

Insurance Brokers Continue Revenue Gains for 5th Year

Biggest Firms Combine For $570M, Up 13%

Orange County’s insurance brokers grew for the fifth straight year, notching a 13% increase in combined revenue last year.

WD Stake Pushes OC-China Ties to New Level

TECHNOLOGY: $3.8B deal catches Wall Street by surprise

China continued to make waves in Orange County last week with a $3.8 billion deal that will give Unisplendour Corp. Ltd. a 15% stake in Irvine-based Western Digital Corp.

Sunstone Gets $26.5M for Purchasing Portal

An affiliate of Aliso Viejo-based Sunstone Hotel Investors Inc. got $26.5 million on the sale of the hotel REIT’s online purchasing portal for hospitality products and services to Avendra LLC in Rockville, Md.

Frost’s Full House

Campus Approach, 24 Startups in San Juan Capistrano

Defining Frost Data Capital isn’t easy, says Stuart Frost, a serial entrepreneur who founded the San Juan Capistrano-based company to invest in startups focused on “big data.”

Alliance Executives Talk Investors, Update Business

Note Owner Change With Chinese Firm Share Buy

Newport Beach-based Alliance HealthCare Services Inc. executives recently gave shareholders an overview of the recent change in majority ownership and several other matters.

Rare Investment Method Behind MTAB Acquisition

Search Fund Acquires Local Software Maker

Poplar Capital Partners LLC’s recent buy of Yorba Linda-based business software maker mTAB LLC was backed through a rarely used investment mechanism: a search fund.

Albertsons Plans Chilly Expansion in Irvine Spectrum

Distribution Center Project Could Start in November

The Irvine Spectrum’s industrial market is about to get a little cooler, and a creative-office redevelopment isn’t the cause this time around.

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Confie Buys Four

Huntington Beach-based insurance services company Confie has acquired four insurance brokers in three states.

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Phone Applicants’ Info Stolen in Experian Theft

Experian PLC said one of its business units “experienced an unauthorized acquisition of information from a server” containing data related to client T-Mobile USA Inc. in Bellevue, Wash.

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FDA Clears Allergan’s Juvéderm Filler for Lips

The U.S. Food and Drug Administration today approved Allergan PLC’s Juvéderm Ultra XC for lip augmentation in adults who are at least 21 years old.

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Pacific Premier to Buy in Riverside

Irvine-based Pacific Premier Bancorp Inc. has agreed to acquire Security California Bancorp in Riverside for about $119 million.

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Alliant Names New CFO

Newport Beach-based Alliant Insurance Services Inc. has named Ilene Anders as chief financial officer.

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Supervisors Consider $101M Airport Contract

The Orange County Board of Supervisors is scheduled at its Oct. 6 meeting to vote on awarding a four-year contract for $101.8 million to Swinerton Builders in Irvine to refurbish and seismically retrofit buildings and terminals at John Wayne Airport.

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Beijing Investor to Get 15% of Western Digital

Unisplendour Corp. Ltd. will invest about $3.8 billion in Western Digital Corp., taking a 15% stake in the Irvine-based storage products maker.A Beijing-based company will invest about $3.8 billion in Western Digital Corp., taking a 15% stake in the Irvine-based storage products maker.

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CHOC Wins Clinical Practice Grant

Children’s Hospital of Orange County will receive $17.7 million in a four-year grant from the Centers for Medicare & Medicaid Services.

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TTM to Shutter 3 Plants

TTM Technologies Inc. will shutter three manufacturing plants and lay off 550 workers as part of a global integration plan following its $927 million June acquisition of Viasystems Group Inc., the Costa Mesa-based printed circuit maker announced today.

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Doti Sets Date

Chapman University President Jim Doti will step down from his post on August 31, 2016, and return to teaching.