SERVICES

Resources Connection Makes $19M Buy

Resources Connection Inc. (NASDAQ: RECN) in Irvine bought Accretive Solutions Inc. in Chicago for $19.4 million and 1.15 million shares of restricted common stock.

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HVAC Firm Buys Into Wis.

CoolSys in Brea bought Certified Refrigeration and Mechanical Inc. in Madison, Wis., on undisclosed terms.

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CareTrust Buys SoCal Skilled Nursing Assets

San Clemente-based CareTrust REIT Inc. acquired a three-facility 529-bed skilled nursing portfolio in Southern California from Providence Group for $69 million. The portfolio will yield approximately $6.1 million in initial annual cash rent.

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Habit Revenue Up, Profit Down

Habit Restaurants Inc. for its most recent quarter reported revenue up about 18% but earnings were cut in half.

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Two Firms Return Long Beach Airport RFP

Ross Aviation and Gulfstream Aerospace Corp. responded by a Nov. 1 deadline to a Long Beach Airport request for proposals on the development of 31 acres near the facility.

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Wincome Names New Westin’s GM

Wincome Group said Carmine Iommazzo is its new general manager at Westin Anaheim Resort.

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Arbonne Boss Feted by Old Firm

Irvine-based Arbonne International LLC said today that Chief Executive Kay Zanotti has been awarded the 2017 Procter and Gamble Company Alumni Awards’ McElroy Award, recognizing her “significant contributions to the art and science of satisfying the consumer.”

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Gillman Will Co-Chair Advisory Board for New UC Center

University of California-Irvine Chancellor Howard Gillman has been named co-chair of an advisory board for a new University of California center dedicated to free speech issues.

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BJ’s: Revenue Up, Earnings Down

BJ’s Restaurants Inc. in Huntington Beach reported revenue of $247 million in its most recent quarter, up about 6% year-over-year. Net income was $2.4 million—down two-thirds from the same period last year, when net income was $7.2 million.

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Record Grant for Vanguard

Vanguard University in Costa Mesa has been awarded a five-year, $3.75 million grant through the U.S. Department of Education’s Developing Hispanic-serving institutions program.

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OCC Foundation Gets $1.8M

The Orange Coast College Foundation said it received a gift of $1.8 million, the largest donation in its 32-year history.

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Bear Flag Owner to Lido Marina Village

Bear Flag Restaurant Group in Newport Beach plans to open a new restaurant at Lido Marina Village.

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Long Beach Airport Traffic Up 22%

Long Beach Airport passenger traffic grew 22% year-over-year to 301,000 in September.

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Legacy Brander Launches Sites

MerchSource LLC launched retail websites for its FAO Schwartz and 5th Avenue Bergdorf Goodman brands.

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UCI on $14.65M Literacy Team

University of California-Irvine is part of a group that received a five-year, $14.6 million U.S. Dept. of Education grant to improve literacy instruction.

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