Orange County Business Journal

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OC Business Bank to Sell for $55M

Orange County Business Bank has agreed to sell to HomeStreet Inc. for $55.3 million.

By Jane Yu September 28, 2015 11:23 a.m. share »

More Than Middling Performance

The 71 fastest-growing private companies in Orange County with revenues between $10 million and $99.9 million combined to grow their top line by 84% over two years for an estimated $2.4 billion.

By Jane Yu September 21, 2015 midnight share »

Small Companies, Big Increase

The 65 companies featured on this week’s list of fastest-growing small private companies based in Orange County can claim a big achievement on a collective basis: They’ve combined to nearly double revenue over the past two years to an estimated $310 million.

By Jane Yu September 21, 2015 midnight share »

Large Companies, Big Gains

The biggest of the fastest-growing private companies in Orange County combined to boost revenue by 30% over the past two years to an estimated $15.7 billion.

By Jane Yu September 21, 2015 midnight share »
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OC Adds Jobs, Unemployment Rate Dips

Orange County employers added 2,200 jobs in August after two months of job cuts.

By Jane Yu September 18, 2015 10:54 a.m. share »

Strathspey Buys Distributor in Spain

Strathspey Crown Holdings LLC, a Newport Beach-based healthcare private equity firm, agreed to acquire IMEX Clinic SL, a specialty medical equipment distributor in Valencia, Spain. Terms of the deal weren’t disclosed.

By Jane Yu September 14, 2015 midnight share »
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Lifestyle Healthcare Investor Buys Distributor in Spain

Strathspey Crown Holdings LLC, a Newport Beach-based healthcare private equity firm, has agreed to acquire IMEX Clinic SL, a specialty medical equipment distributor in Valencia, Spain.

By Jane Yu September 8, 2015 5:27 p.m. share »

OC Attorney to Work on Suit for Navajos

Orange County attorney John Hueston was tapped to represent the Navajo Nation in a lawsuit against the U.S. Environmental Protection Agency.

By Jane Yu September 7, 2015 midnight share »

Chapman Law School Dean Steps Down

Tom Campbell will step down as dean of Chapman University’s Dale E. Fowler School of Law and return to teaching, the university said.

By Jane Yu September 7, 2015 midnight share »

Pimco’s Other Purpose

Poverty doesn’t figure into the view from the high-rise offices of Newport Center.

By Jane Yu September 7, 2015 midnight share »
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ClearLight Invests in Legal Marketing Firm

Newport Beach-based private equity firm ClearLight Partners LLC has made a “major” investment in Walker Advertising, a legal marketing firm primarily serving the Latino-American community.

By Jane Yu September 4, 2015 8:41 a.m. share »
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Chapman’s Campbell to Step Down as Dean of Law School

Tom Campbell will step down as dean of Chapman University’s Dale E. Fowler School of Law and return to teaching, the university said.

By Jane Yu September 2, 2015 4:35 p.m. share »
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Hueston to Represent Navajo Nation in Spill Claims

Orange County attorney John Hueston has been tapped to represent the Navajo Nation in a lawsuit against the U.S. Environmental Protection Agency.

By Jane Yu September 1, 2015 9:34 a.m. share »

Global Drama, Local Grind

Orange County’s diverse crop of publicly traded companies held up relatively well as worries about China’s economy whipsawed the stock market here and in other markets around the world.

By Jane Yu August 31, 2015 midnight share »
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Stearns to Sell Majority Stake to Blackstone

Santa Ana-based mortgage lender Stearns Holdings LLC has agreed to sell a majority stake to the Blackstone Group LP, a global asset manager in New York.

By Jane Yu August 24, 2015 11:03 a.m. share »
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OC Cuts Jobs, Unemployment Rate Up

Orange County’s unemployment rate inched up last month as employers continued to make job cuts.

By Jane Yu August 24, 2015 11:02 a.m. share »
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Stearns to Sell Majority Stake to Blackstone

Santa Ana-based mortgage lender Stearns Holdings LLC has agreed to sell a majority stake to the Blackstone Group LP, a global asset manager in New York.

By Jane Yu August 22, 2015 7:06 a.m. share »
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Stearns to Sell Majority Stake to Blackstone

Santa Ana-based mortgage lender Stearns Holdings LLC has agreed to sell a majority stake to the Blackstone Group LP, a global asset manager in New York.

By Jane Yu August 21, 2015 2 p.m. share »
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OC Cuts Jobs, Unemployment Rate Up

Orange County’s unemployment rate inched up last month as employers continued to make job cuts.

By Jane Yu August 21, 2015 11:36 a.m. share »
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Banc of CA CFO to Leave

The chief financial officer of Irvine-based Banc of California is stepping down, according to a document filed with the Securities and Exchange Commission.

By Jane Yu August 17, 2015 11:12 a.m. share »
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Banc of CA CFO to Leave

The chief financial officer of Irvine-based Banc of California is stepping down, according to a document filed with the Securities and Exchange Commission.

By Jane Yu August 14, 2015 12:34 p.m. share »
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Toba Backs Software Startup

Newport Beach-based venture capital firm Toba Capital has partnered with an information technology company to invest $20 million in WSO2, a software developer in Mountain View.

By Jane Yu August 13, 2015 1:46 p.m. share »

Universal Appeal in Santa Ana?

Fast-growing security services provider Universal Services of America has its eyes set on an initial public offering in the next 18 to 24 months.

By Jane Yu August 10, 2015 midnight share »
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LH Software Company Gets $3.5M

Laguna Hills-based Centercode Inc. has received $3.5 million in equity financing, according to a filing with the Securities and Exchange Commission.

By Jane Yu August 6, 2015 10:21 a.m. share »
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First Foundation to Raise $100M

Irvine-based First Foundation Inc. has kicked off an initial public offering of its common stock for $100 million.

By Jane Yu August 4, 2015 1:47 p.m. share »
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Confie Buys 3

Huntington Beach-based insurance brokerage Confie has acquired three brokerages on undisclosed terms.

By Jane Yu August 3, 2015 10:45 a.m. share »
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Banc of California Profit, Loans Up

Banc of California Inc. reported an 82% year-over-year increase in its second-quarter profit to $13.1 million.

By Jane Yu July 30, 2015 10:59 a.m. share »
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SA Security Firm Buys in Tennessee

Santa Ana-based Universal Protection Service has acquired Guardsmark in Memphis, Tenn., on undisclosed terms.

By Jane Yu July 28, 2015 3:33 p.m. share »
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Opus Bank Q2 Profit, Loans Up

Opus Bank reported higher year-over-year net income in the second quarter thanks to growth on a number of fronts, including interest income on loans and noninterest income.

By Jane Yu July 27, 2015 1:26 p.m. share »

Rich Uncles REIT Files for IPO

Real estate investment company Rich Uncles LLC is planning an initial public offering that could raise as much as $1 billion for its newly created Rich Uncles REIT Inc.

By Jane Yu July 27, 2015 midnight share »
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Pac Merc Q2 Profit, Loans Up

Pacific Mercantile Bancorp reported higher year-over-year net income for the second quarter citing higher yield on earning assets.

By Jane Yu July 24, 2015 9:18 a.m. share »
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Alliant Acquires Agribusiness Agency

Newport Beach-based Alliant Insurance Services Inc. has acquired an agency in Lodi that specializes in agribusiness insurance. Terms of the deal weren’t disclosed.

By Jane Yu July 22, 2015 8:52 a.m. share »
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Rich Uncles REIT Files for IPO

Real estate investment company Rich Uncles LLC is behind an initial public offering to raise as much as $1 billion for its newly created Rich Uncles REIT Inc.

By Jane Yu July 21, 2015 10:37 a.m. share »
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Rich Uncles REIT Files for IPO

Real estate investment company Rich Uncles LLC is behind an initial public offering to raise as much as $1 billion for its newly created Rich Uncles REIT Inc.

By Jane Yu July 20, 2015 3:40 p.m. share »
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Unemployment Rate Up Slightly

The unemployment rate in Orange County ticked up slightly as employers trimmed the work force in June.

By Jane Yu July 17, 2015 10:05 a.m. share »
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MV Pipeline Inspection Company Sold

Mission Viejo-based Hoffman Southwest Corp., which provides underground pipeline inspection and repair services, has been acquired by Chicago-based private equity firm Sterling Partners.

By Jane Yu July 16, 2015 4:16 p.m. share »
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VC Inflow Jumps in Q2

Quarterly venture capital inflow to Orange County companies hit the highest level since mid-2011, according to data from Dow Jones VentureSource.

By Jane Yu July 16, 2015 9:09 a.m. share »
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Warburg Pincus Set to Take Stake in Universal

New York-based Warburg Pincus is set to take a majority stake in Santa Ana-based Universal Services of America Inc.

By Jane Yu July 13, 2015 9:39 a.m. share »

Payoff Gets $250M for Credit Debtors

Costa Mesa-based consumer financial services firm Payoff Inc. secured up to $250 million in debt financing to help its members pay off credit card debt.

By Jane Yu July 13, 2015 midnight share »

Management Consultant Gains Slow As Biggest Shrink

The pace of employment growth at Orange County’s top management consulting firms slowed over the past year, driven primarily by job cuts at the biggest.

By Jane Yu July 13, 2015 midnight share »

Banc of California Sells Two Branches

Irvine-based Banc of California Inc. agreed to sell two branches to Americas United Bank in Glendale, which primarily serves Latino-American customers.

By Jane Yu July 13, 2015 midnight share »

Accounting Firms Notch 4th Year of Workforce Gains

Orange County’s largest accounting firms combined to grow the sector’s local workforce by about 4% over the past year, marking the fourth straight year of modest gains.

By Jane Yu July 13, 2015 midnight share »

Excelsior Capital Buys Wall Art Maker

Excelsior Capital Partners LLC in Newport Beach formed two entities to acquire Artissimo Designs, a manufacturer of wall decoration products.

By Jane Yu July 13, 2015 midnight share »

Q&A

A diversity of business sectors, ample capital held by investor groups, and demographic factors are some key drivers behind a robust mergers-and-acquisitions scene in Orange County. The fast pace of M&A activity means professional services providers, such as accountants, are in high demand to carry out sound due-diligence procedures and provide guidance. The Business Journal’s Jane Yu asked local accounting firm executives to share their thoughts on M&A activity in Orange County, as well as to discuss expectations for future trends and client concerns. Here are edited excerpts of their responses:

By Jane Yu July 13, 2015 midnight share »
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Midday Stock Roundup

The S&P 500 was up 1.3% to 2,077.94.

By Jane Yu July 10, 2015 9:45 a.m. share »
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Midday Stock Roundup

The S&P 500 was up 0.9% to 2,064.26.

By Jane Yu July 9, 2015 10:04 a.m. share »
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Banc of CA Sells 2 Branches

Irvine-based Banc of California Inc. has agreed to sell two branches to Americas United Bank in Glendale, which primarily serves Latino-American customers.

By Jane Yu July 8, 2015 10:04 a.m. share »
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Midday Stock Roundup

Markets saw sell-offs Wednesday morning on concern over China’s stock market.

By Jane Yu July 8, 2015 9:46 a.m. share »

NB Investor Acquires Wall Decor Products Maker

Excelsior Capital Partners LLC in Newport Beach formed two new entities to acquire Artissimo Designs, a manufacturer of wall decoration products.

By Jane Yu July 7, 2015 5:02 p.m. share »
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Payoff to Get $250M

Costa Mesa-based consumer financial services firm Payoff Inc. has secured up to $250 million in debt financing to help its members pay off credit card debt.

By Jane Yu July 7, 2015 2:34 p.m. share »

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