SERVICES

MIND Names CEO

The board of Irvine-based MIND Research Institute named Brett Woudenberg chief executive to replace co-founder Matthew Peterson, who’ll focus on innovation as the organization’s chief research and development officer.

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Carlyle Will Pump $200M into UST

Carlyle Group in Washington D.C., one of the largest private equity firms in the U.S., will invest $200 million for a 15% to 20% stake Aliso Viejo-based UST Global—valuing the company at over $1 billion—according to multiple reports.

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Acupuncture Franchise Signs OC Developer

Golden State Management Corp. in Lake Forest plans 25 to 30 locations of Modern Acupuncture in OC over the next three years, part of a commitment of 65 sites that includes San Diego County and the Inland Empire.

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Acacia Invests in Restaurant Robotics

Acacia Research Corp. led a $3.1 million investment in Miso Robotics Inc. and signed an intellectual property agreement with the company to commercialize its main product for the restaurant industry.

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Donation Will Benefit Planetarium

Orange Coast College Foundation received a gift of $1 million from retired Spanish Professor Mary McChesney.

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Konica Will Buy Ambry for $800M+

Konica Minolta has signed a definitive agreement to buy Aliso Viejo-based genetic testing company Ambry Genetics Corp., the companies said.

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CSUF Center Gets Nod

California State University-Fullerton’s Center for Insurance Studies was named a Global Center of Insurance Excellence by the International Insurance Society, an award to be presented in July at the IIS Global Insurance Forum in London.

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Advantage Buys in Netherlands

Advantage Smollan Ltd. in London—a holding company Irvine-based Advantage Solutions Inc. set up in 2015 with Smollan Group in Johannesburg—plans to acquire Netherlands-based Hamilton Bright Group B.V. on undisclosed terms.

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OC Automakers Trail National Pace

The four largest Orange County-based automakers trailed the national sales pace for new vehicles in June, according to New Jersey-based market researcher Autodata Corp.

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Report: Ambry Price $890M

Ambry Genetics Corp. in Aliso Viejo will sell to Tokyo-based Konica Minolta Inc. for about $890 million, a report in Nikkei Asian Review said Sunday.

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ShiftPixy Goes Public

Irvine-based ShiftPixy Inc. went public today, raising $12 million on an offering of 2 million shares.

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TrafFix Prevails in Court

Fisher Phillips said client TrafFix Devices Inc. won a race discrimination and wrongful termination case in Orange County Superior Court.

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Ingram Named CEO of Sarepta

Sarepta Therapeutics Inc. in Cambridge, Mass., named Douglas Ingram its president and chief executive officer.

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CHOC Hires Texas-Sized CIO

Children’s Hospital Orange County in Orange appointed John Henderson vice president and chief information officer.

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Working Wardrobes’ Nonprofit Nod

Assemblyman Matthew Harper, R-Huntington Beach said he’ll name Working Wardrobes 2017 Nonprofit of the Year for the 74th Assembly District.

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