Nascar Deal Part of Apparel Maker’s Race for Growth
5.11 Tactical is in for a wild ride.
Company Leaders Use Skills on Marathon Route
Cary Hyden, chairman of law firm Latham & Watkins LLP’s corporate department, had been working around the clock for 18 days on an initial public offering when he paused to travel to the New Orleans Rock ‘n’ Roll Marathon.
HEALTHCARE: Anaheim company to continue operations as own unit
It appears that the local operations of Questcor Pharmaceuticals Inc. would remain intact in the wake of Mallinckrodt PLC’s $5.6 billion proposed buyout of the Anaheim-based drug maker—the largest deal so far in what’s shaping up to be a busy year for mergers and acquisitions involving Orange County-based companies.
SERVICES: WWII leavings, disasters give it valuable foothold
A little-known Irvine company that played a key role in stabilizing a contaminated nuclear power plant in Japan after the earthquake and tsunami three years ago is hunting for more acquisitions to capitalize on a stream of new opportunities.
MARKETING: More companies seek analysis to pinpoint messages
The advertising world was much simpler in the 1800s, when industry pioneer John Wanamaker famously said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.”
The so-called smart money says Jerry Brown is unbeatable
REAL ESTATE: Said close on buys of 2 buildings for 68,500 SF
Allergan Inc. is nearing a deal to buy a pair of office properties across the street from its headquarters in Irvine, according to real estate sources.
SERVICES: Sets engineering, construction base in Irvine
IPS-Integrated Project Services Inc., a multinational engineering and construction firm, is betting on Orange County’s host of medical device and drug makers to stir business opportunities and provide a base for its West Coast expansion.
Recently formed private equity firm Lotus Innovations LLC has raised $10 million for its first fund, which focuses on early-stage information technology companies.
REAL ESTATE: Alphaeon’s plan counts on cash-pay lines
Alphaeon Corp., a startup lifestyle healthcare company that’s gotten notice as a potential candidate for an initial public offering later this year, has signed a deal to move its growing operations to the Lakeshore Towers office complex in Irvine.
FINANCE: Biggest in assets gives details in IPO filing
Add Irvine-based Opus Bank to the list of local landlords, developers, land owners and other companies benefiting from the red-hot apartment market of recent years.
The parent of Irvine-based Advantage Sales & Marketing was looking into a sale of the company in a deal that could range from $3 billion to $4 billion, according to a Reuters report.
Aliso Viejo-based medical device maker Sequent Medical Inc. raised $20 million in venture capital funding.
The parent of Cypress-based Vans Inc. promoted the skate shoe company’s president.
Irvine-based clean technology company Newlight Technologies, which converts greenhouse gases into plastics, has raised $9.2 million in its latest funding round.
Boeing Co. is adding about 1,000 engineering positions in Seal Beach and Long Beach in the next two years as part of a companywide consolidation plan to meet the global demand for new aircraft production and related support. The hires are part of an effort to centralize its commercial airline support program at the Boeing Commercial Airplanes Engineering Design Center that stretches across the two coastal cities. Some of the positions will be moved from the Seattle area, and some will be filled by Boeing employees who stand to be affected by the upcoming closure of the C-17 program in Long Beach. There also will be some new hires, including recent college graduates, according to Boeing.
The Juvenile Diabetes Research Foundation hosted its annual JDRF Dream Gala, “Let’s Misbehave!”, on March 29 at the St. Regis Monarch Beach Resort in Dana Point. More than 500 of Orange County’s leading business executives, philanthropists and donors raised more than $1 million net for diabetes research.
Top Agency With $57.9M, Jobs Up 4.4% to 1,713
Orange County’s advertising agencies posted an estimated 5.7% gain in revenue last year as clients opened their wallets on marketing budgets.
Top of List Little Changed, Mergers in Bottom Half
Orange County-based commercial printers brought in $558.7 million in revenue last year, a 3.9% increase over 2012, according to this week’s Business Journal list.
This week's business and other event listings.
Ads Promote Marquee Paint as Quick Application
Behr Process Corp. in Santa Ana is running a new 30-second TV spot, “Upstairs/Downstairs,” to promote its Marquee Interior Paint & Primer.
Says More Can Get Less Invasive Procedure Now
Irvine-based Edwards Lifesciences Corp.’s run of good news continued this month.
Aerospace Electronics Show Full of Opportunities
Several Orange County technology companies drummed up new business leads and met with key customers at the world’s only expo dedicated to onboard aerospace electronics.
Speech Pathology Associates Inc. signed a lease renewal and extension at 4010 Barranca Parkway in Irvine.
Fourth-quarter gross activity for the Mid-Counties industrial market was nearly 1.7 million square feet, a 2.5% increase over the 1,637,496 square feet recorded in the fourth quarter of 2012.
HQT Homes Planned 78 Houses at Former Farm
Schaner Ranch, an 8-acre infill site in Placentia recently approved for home development, is on the sales block.
ECONOMY: Allergan No. 1 again; Western Digital adds $9.6B
Orange County’s largest publicly traded companies combined for a cool $20 billion boost to their market valuations over the past year, thanks to strong gains by Allergan Inc. and Western Digital Corp., the largest representatives of the local healthcare and technology sectors.
CEO: Cash-Pay Lines, Less Bureaucracy Set Allergan Apart
Call Allergan Inc. the biggest publicly traded company in Orange County. Just don’t call it “Big Pharma.”
CIO Charged With Marrying Tech Backbone, New Business Lines
Ingram Micro Inc.’s push into higher-margin business lines, namely mobility and the cloud, were spearheaded by Chief Executive Alain Monie, who took over the top post more than two years ago.
ECONOMY: Continues to ease off all-time high notched last year
Orange County business owners and executives enter the second quarter with a virtually unchanged outlook on the economy, according to the latest quarterly index of business expectations published by the Mihaylo College of Business and Economics at California State University-Fullerton.
APPAREL: Rethinks retail strategy, product development under Mooney
Ripping off Band-Aids. That’s what Quiksilver Inc. Chief Executive Andy Mooney has been doing since taking the helm on a turnaround bid at the Huntington Beach-based action- sports apparel maker and retailer.
Social Media Spat With McDonald’s Continues
Taco Bell Corp. is making sure its waffle tacos and 12 other new menu items are getting noticed, giving its breakfast rollout the “largest advertising campaign to date” and keeping up a social media skirmish with the granddaddy of all fast-food chains.
AVP-825 Drug-Device Combo to Treat Migraines
Aliso Viejo-based Avanir Pharmaceuticals Inc. wrapped up last month in a busy fashion.
Prescient Move or Fateful Bet on Virtual Reality?
Wall Street appears to be taking a wait-and-see approach on Facebook Inc.’s $2 billion cash and stock buy of Irvine startup Oculus VR Inc.
Retail Properties Bring $520 Per SF and Higher
A pair of smaller-sized retail properties in Corona del Mar and Santa Ana have changed hands at eye-catching prices.
The advisory committee appointed by UC System President Janet Napolitano to help find a replacement for UC Irvine Chancellor Michael Drake looks light on ties to the larger OC community—business or otherwise.
DINING: Would be 3rd chain— 1st with profits—to file this year
Are El Pollo Loco Inc.’s private equity parents cooking up an initial public offering after two years of retooling the business?