OCBJ WEEKLY EDITION
$5.5B Gain in 2 Years for 174 Fastest Growers Based in OC
There’s no shortage of numbers available to put some punch into this week’s coverage of the fastest-growing private companies based in Orange County.
Rides Hot Market, Acquisitions Toward $2B in Sales
David Wilson knows a good market when he sees one.
HEALTHCARE: Pyott says no rush for deal ahead of Dec. 18 meeting
Potential deals are once again taking center stage as Irvine-based Allergan Inc. continues its fight to keep its independence.
REAL ESTATE: 12-story office likely to set benchmark in JWA area
One of the better-known office buildings in the area around John Wayne Airport is up for sale and expected to fetch a price approaching $100 million, according to real estate sources.
MANUFACTURING: Once pegged for cost cuts, now home of new hires
Boeing Co.’s new Seal Beach support center for commercial airline customers reflects a significant change in plans for the Chicago-based aerospace giant’s sprawling real estate holdings along Orange County’s coastline.
Driver Urban’s Revenue Jumped 25,402% to $131.3M
Driver Urban had three things working for it in 2012 when it spun off from a large construction company—it entered the marketplace at the right time, at the right price, and with the right expertise.
Alternative Lender Translates Conditions Into 2,236% Revenue Jump
Growth for Quick Bridge Funding LLC was fast but not too fast.
BigRentz.com on 1,268% Growth Spurt to $15M
Starting BigRentz.com was a no-brainer for Chief Executive Dallas Imbimbo.
$4.3B Revenue Increase Spread Over 13 Largest Fast Growers
Far fewer but much bigger. That’s one way to sum up the biggest of the fastest-growing private companies based in Orange County—13 companies that combined for $16.1 billion in revenue, a 37% jump.
73 Companies Combine for $2.2 Billion in Revenue
The 73 fastest-growing private companies in Orange County with revenues between $10 million and $100 million collectively grew their combined top line by 76.1% over the past two years to $2.2 billion.
Companies Under $10M Mark on Revenue Combine for 100% Jump
The fastest-growing companies in Orange County with revenues of less than $10 million combined to nearly double their sales over the past two years to $399 million.
Device Maker Seeks FDA Approval, Builds US Sales Force
AcuFocus Inc. is banking on a recent cash infusion and a tiny device implanted in the eye to spur big growth.
REAL ESTATE: Sales of 4 buildings will lead to new OC jobs
The first batch of for-sale industrial buildings built at Panattoni Development Co.’s Anaheim Concourse project has been snapped up by a pair of out-of-town manufacturers expanding into Orange County.
Some 150 Incipio Technologies Inc. employees huddled in the company’s lunchroom last week to watch Apple Inc. announce its newest iPhone models, taking notes and comparing them to what was already leaked online.
Chan, Brother Head Foundation That Gave $350M to Harvard Last Week
You won’t find mention of Orange County in the ongoing talk of the biggest single donation in Harvard University’s history.
St. Joseph Hoag Sets Up at Irvine Company Complex
St. Joseph Hoag Health’s latest building block for the integrated regional care delivery it aims to establish throughout Orange County is the cornerstone of the Irvine Company’s newest idea to bolster the amenities at a couple of its bigger apartment complexes.
34 Companies Employed 16,000+ in Orange County
The 34 largest medical device makers in Orange County experienced 2% job growth during the 12 months ended in August, according to the Business Journal’s annual list.
Edwards, Endologix Among Big Gainers on Consultant List
Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.
Allergan Leads the Way With 2,400 Local Workers
Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.
Multiple sources tell the Insider that the Oakland Raiders have recently looked past downtown L.A. and the City of Industry to entertain the possibility of a move to the Great Park.
REAL ESTATE: Menlo gets Pacific Dental HQ on Red Hill
The recently redeveloped Red Hill Avenue building that holds the headquarters of dental-practice manager Pacific Dental Services Inc. in Irvine has been sold to a Silicon Valley-based real estate investor.
MEDIA: In deal for distribution rights; hits road for film festivals
A movie production company based at Chapman University has produced its first full-length feature film and plans to make three more in the next 12 months in an effort to provide profit for investors and proverbial real-world experience for film school alumni and current students.
Aristotle Capital Management LLC is doubling its office size in Orange County with a move from Irvine to Newport Beach.
RETAIL: Food court redo, new kids’ features staples of strategy
The Shops at Mission Viejo has set out to strengthen its appeal as a family-oriented option in a retail market that ranges from high-end South Coast Plaza and Fashion Island to the downtown feel and nighttime draw of the Irvine Spectrum.
SPORTS: Track’s revamp pays off in changed field
Chalk up another win for Los Alamitos Race Course in its efforts to become a permanent home for a bigger take of Southern California’s nomadic thoroughbred circuit since the December closure of 75-year-old Betfair Hollywood Park.
AGRICULTURE: Venture has plenty of room to grow
How does 16 acres of produce grow in a 5,800-square-foot hall?
Aliso Viejo-based Microsemi Corp. announced an agreement to purchase Santa Rosa chipmaker Centellax Inc., which makes high-speed and RF chips and related components for the optical communications and Ethernet data markets.
Aliso Viejo-based software maker Telogis Inc. secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.
A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.
Laguna Hills-based Sonendo Inc. said it completed a $35 million round of equity financing.
The University of California-Irvine Paul Merage School of Business ranked No. 39 in the country for the best undergraduate business programs, according to U.S. News and World Report.
The Cystinosis Research Foundation awarded more than $1.5 million to eight research programs in California, Texas, Belgium, New Zealand, India, Switzerland, Italy and France to enable scientists to investigate improved treatments and a cure for cystinosis, a rare metabolic genetic disease that affects about 500 children and young adults in the United States and 2,000 worldwide.
Other items of interest Orange County Business Journal Vol. 37, No. 37
Costa Mesa-based Pacific Mercantile Bancorp promoted Robert Sjogren to chief operating officer. He will continue serving as general counsel. Sjorgen previously served as chief risk officer and general counsel of Carpenter & Co., an Irvine-based bank advisory firm. Pacific Mercantile is the parent company of Pacific Mercantile Bank, which is among the largest banks with headquarters in Orange County, with about $1 billion in assets as of June 30.
Sept. 15-24, 2014
This week's business and other event listings.
Also Creates Nationwide ‘Commercialization Team’
Irvine-based Biolase Inc. is making moves to build its executive and commercialization teams.
49er’s Touchdowns Earn Sets for Charities
Vizio Inc. has kicked off the football season with a weekly TV set giveaway that also benefits Boys & Girls Clubs of America.
SecureAuth Gets $10M In New Venture Round
Irvine-based security software maker SecureAuth Corp. is on a hiring spree after securing another $10 million in venture funding.