Jane Yu covers finance, education, manufacturing and professional services for the Orange County Business Journal. She can be reached at email@example.com.
Newport Beach-based Alliant Insurance Services Inc. has acquired Preferred Concepts LLC, a New York-based wholesale broker and underwriter that specializes in real estate insurance.
Newport Beach-based real estate investment trust CV Holdings Inc. has sold $20 million worth of preferred stock to Tricadia Capital Management LLC in New York.
Janus Capital Group Inc. has acquired a majority stake in Kapstream Capital Pty Ltd, an unconstrained bond manager in Australia that also has operations in Newport Beach.
Alliant Insurance Services Inc. received “a significant equity investment” from Stone Point Capital LLC, which now is the largest shareholder of the Newport Beach-based insurance brokerage firm.
FINANCE: Deal brings eighth company to Plutos Sama stable
Investment holding company Plutos Sama LLC has acquired the Fisher Law Group PLLC, which focuses on resolution of delinquent real estate portfolios.
GenSpring Family Offices LLC, an affiliate of Atlanta-based SunTrust Banks Inc., has tapped private banking industry veteran Chris Walters to head its western U.S. business from its regional headquarters in Orange County.
Newport Beach-based real estate investment trust RichUncles LLC has received a $3 million loan from Pacific Mercantile Bank in Costa Mesa.
Alliant Insurance Services Inc. has received “a significant equity investment” from Stone Point Capital LLC, which now is the largest shareholder of the Newport Beach-based insurance brokerage firm.
Biggest Based Here Surpass Broader Economy on New Hires
The biggest private companies based in Orange County have been big on building the local workforce over the past year, adding jobs at a faster pace than the county’s overall economy.
Diversification Keeps Firm Atop Private Companies in Era of Low Yields
The financial crisis is over, but uncertainty remains for any company whose profitability faces challenges in this era of persistent low interest rates—even if the company is the biggest privately held enterprise in Orange County, with $7.7 billion in annual revenue and more than 2,000 employees here and another 1,000 or so around the world.