Orange County Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Advantage Solutions Picks Up Ad Shop

Advantage Solutions, an Irvine-based provider of sales, marketing, merchandising and digital technology services to packaged goods manufacturers and retailers, has bought a consumer marketing firm in Chicago on undisclosed terms.

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American Vanguard Backs Harvard on Zika

American Vanguard Corp. in Newport Beach said its AMVAC Chemical Corp. subsidiary would help pay for research at Harvard University “to develop and potentially commercialize” technology aimed at killing the mosquito that spreads the Zika and other viruses.

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Edwards in $340M Mitral Device Deal

Edwards Lifesciences Corp. in Irvine will buy Valtech Cardio Ltd in Or Yehuda, Israel, for $340 million in cash and stock in a deal expected to close early next year.

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Snyder Langston Names CFO

Irvine-based Snyder Langston named Gary Campanaro chief financial officer.

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Ingram Strikes Deal With Allergan

Allergan PLC has acquired Chase Pharmaceuticals, a clinical-stage biopharmaceutical company that focuses on drugs for Alzheimer’s disease. The acquisition price includes an upfront payment of $125 million, with additional regulatory and sales milestones part of the deal.

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CSUF to Start Investment Center

California State University-Fullerton’s Mihaylo College of Business and Economics announced today the launching of an investment management center.

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Link Joins Allegro Board

Allegro Ophthalmics LLC in San Juan Capistrano named Bill Link to its board.

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Unemployment Rate Up, Leisure Industry Cuts Jobs

Orange County’s unemployment rate ticked up to 4.1% in October from a revised 4% in September.

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Acquisition May Stem American Apparel Cuts

American Apparel LLC said a $66 million bankruptcy sale to Gildan Activewear Inc. could help it stave off a round of layoffs, including of 332 workers at its dye house in Garden Grove.

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GSF Adds Denver Distributor

A unit of Golden State Foods Corp in Irvine created a company to run a food distributor it bought in June.

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Hyundai Joins New Waive

Hyundai Motor America Inc. in January will place 150 of its IONIQ EVs in the WaiveCar car-sharing fleet in Los Angeles with an option for 250 more cars in additional cities by the end of 2017.

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Herberts Pledge $5M to Eye Institute

Gavin and Ninetta Herbert will give $5 million to the Gavin Herbert Eye Institute to back retinal research into diseases that include glaucoma, diabetic retinopathy and retinal detachment.

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Emerald Buys Again

Emerald Expositions LLC in San Juan Capistrano bought RFID Journal LIVE event and several regional expos from RFID Journal LLC in Hauppauge, New York on undisclosed terms.

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St. Joseph Expands Home Nursing

Providence St. Joseph Health in Irvine plans to expand its home health care services franchise offerings by 50% over the coming year.

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BirchStreet Signs Best Western

BirchStreet Systems Inc. signed Best Western Hotels & Resorts hotels in North America to buy from its hospitality services technology platform.

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Boeing to Shift 2,500 Jobs From HB

Boeing Co. plans to move 2,500 jobs from Huntington Beach within the next four years, with a fraction staying in Orange County at facilities in Seal Beach and the majority going to El Segundo, Long Beach, St. Louis and Huntsville, Ala.

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OCC Foundation Gets $1.2M

The Orange Coast College Foundation received about $1.2 million from the estate of retired faculty member and administrator Jane Hilgendorf, who died in April at age 74.

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Too Faced Sells Again: $1.45B

Too Faced Cosmetics LLC in Irvine will sell for the second time in 18 months, with a deal pegged at nearly $1 billion more than last year’s price tag.

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Irvine Software Maker Raises $39M

Irvine-based business software maker Mavenlink Inc. has raised $39 million in a Series D round led by Goldman Sachs.

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Lawn Device Startup Bought

Blossom, a startup based at The Cove in University Research Park, has been acquired by Marysville, Ohio-based The Scotts Miracle-Gro Company.

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Masimo Gets $5M From Gates Foundation

Masimo Corp. received a $4.95 million grant from Bill & Melinda Gates Foundation in advance of World Pneumonia Day.

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Cybersecurity Firm Buys in Texas

Franklin Data in Newport Beach acquired on undisclosed terms Scarab Consulting in Austin, Texas.

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Del Taco to Add 14 in Phoenix

Del Taco Restaurants Inc. in Lake Forest said two franchisees would open 14 stores in the Phoenix market.

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Microsemi Posts Record Sales

Microsemi Corp. in Aliso Viejo reported record sales in its fiscal year, and September quarter revenue and adjusted profits that narrowly topped Wall Street expectations.

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Disney Parks’ Growth Slows

The Walt Disney Co. reported lower quarterly revenue and operating income, though its Parks and Resorts segment—which includes Disneyland Resort in Anaheim—was a brighter spot than most other divisions.