Peter J. Brennan
FINANCE: CerraCap pair tries to hit all out of the park
CerraCap Ventures LLC co-founders Saurabh Ranjan and Saurabh Suri decided to try a different model when they began the venture capital firm in 2015.
Mom and Pop Firm Wears ‘White Hats’
A group of hackers is working out of a 7,000-square-foot office in Lake Forest.
SERVICES: World’s No. 1 seeks office to tout latest technologies
Accenture PLC’s new Southern California boss, David Wolf, has big plans for Orange County.
SERVICES: Irvine giant names CFO, COO, CIO
In 2015 and 2016 Irvine-based Alorica Inc. quadrupled annual revenue to $2.4 billion and employee count to 100,000.
Orange County lost 10,100 jobs in July while California added 46,700, according to the state’s Employment Development Department.
FINTECH: Vows smoother ride after leadership shakeup
AutoGravity Corp., the Irvine fintech recently embroiled in management turmoil, is for sure keeping one thing: a wooden slide employees use to spirit themselves from the second floor to the first.
Alorica Inc., an Irvine-based outsourcing company with 100,000 employees, said it hired several high-level executives: Chief Financial Officer KJ Tjon, who replaces Cindy Fiorillo; Chief Operating Officer Greg Haller, and Chief Information Officer Steve Phillips.
ECONOMY: More now in health, business services
Social workers and business consultants were the biggest job winners in the past two decades in Orange County.
Organizes Unique Trips With Bragging Rights
Jim Jalet III knows unusual tourism like few others in the industry in Orange County.
Windes Inc., a Long Beach-based accounting firm, has acquired Irvine’s Allen, Haight & Monaghan LLP. Terms weren’t disclosed; the firms will practice under the moniker of Windes.
Newport Beach’s Carrick Capital Partners LLC bought a majority stake in Discovery Health Partners, a payments company in the health industry. Terms weren’t disclosed.
Finance Whiz to Focus on Quant Fund
How does Jane Buchan feel about departing the chief executive role she had for 16 years while building Pacific Alternative Asset Management Co. into one of the world’s largest fund of funds?
FINANCE: Irvine Firm Facing Rate Challenges
If you want to know what a “challenging interest rate environment” looks like, just ask First Foundation Inc. (Nasdaq: FFWM).
Hsieh finds wealth, luck in mortgages
Hey, did you hear the rumor about Amazon.com Inc. buying loanDepot of Foothill Ranch?
Shares of Irvine’s CorVel Corp. surged 4.8% to $57.35 in after hours trading Tuesday after the insurance managed service provider reported first-quarter earnings rose 35% to 62 cents a share. Shares gave back those overnight gains in midday trading Wednesday.
FINANCE: Pacific Premier, Opus shares fall on Q2 reports
It was Banc of California Inc.’s (NYSE: BANC) turn for an Orange County-based bank to impress investors.
CoolSys, a Brea-based refrigeration and heating company, bought Energy Squared LLC, a consulting engineering firm providing electrical and refrigeration engineering analysis and design for buildings. Terms were undisclosed.
Newport Beach-based True Family Enterprises acquired the assets of meal kit company Chef’d on undisclosed terms.
Orange County’s unadjusted unemployment rate rose to 3.3% in June, up from a revised 2.6% in May and down from 3.7% a year ago, according to the state’s Employment Development Department.
Fund of hedge funds PAAMCO Prisma Holdings co-Chief Executives Jane Buchan and Girish Reddy are stepping down a year after combining their firms.
AutoGravity named a new chief executive and chief technology officer to replace two award-winning executives who unexpectedly departed the fast-growing Irvine fintech in the past two months.
Santa Ana-based Allied Universal, the largest private security firm in the U.S., said it will pay $1 billion to acquire U.S. Security Associates (USSA) from Goldman Sachs’ Merchant Banking Division.
Architects, Contractors Reveal Newest Trends
Vinyl flooring in a Class A building? Polished concrete floors?
Executives Say It’s a Blip, As Work Still Booming
Firms in Orange County’s tenant contractor industry reported slowing revenue growth last year, the lowest rate since 2009.
Andy Hinrichs in May departed as chief executive of AutoGravity, an award-winning fintech company he co-founded in 2016, the Business Journal has learned.
Newport Beach-based Carrick Capital Partners said it made an $80 million, series A minority investment in Exiger.
Newport Beach's Alliant Insurance Services Inc., the largest insurance broker based in Orange County, said it acquired Austin,Texas-based CLS Partners, which has more than 50 employees. Terms were undisclosed.
MARKETING: Director explains what works in ads
Ken Kerry isn’t your typical Hollywood director.
FINANCE: Santa Ana firm sees no end to tax problems
Why in the world would anyone want customers who won’t even pay the Internal Revenue Service? And confront the IRS on a daily basis? Not to mention, why enter an industry considered sleazy and where some of the biggest players have been accused of wrongdoing and ended up bankrupt?
Americor Inc., an Irvine-based consumer debt company, said it will be opening a new center with 250 employees.
The S&P 500 was down 0.5% to 2,713.22 as the markets closed at 10 a.m. for the July 4th holiday.