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By Alex Kacik / Monday, October 31st, 2016 / Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Economy / Comments Off on Founders Community Bank in SLO being acquired
Fresno-based Premier Valley Bank will acquire San Luis Obispo-based Founders Community Bank in a stock-and-cash transaction valued at approximately $29.1 million, or $21.87 per share, the companies announced on Oct. 31. The parent company of Premier, Heartland Financial USA, aims to acquire Founders, a wholly-owned subsidiary of Founders Bancorp, in a 70 percent stock and Read More →
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By Marissa Wenzke / Friday, January 16th, 2015 / Latest news, Small Business, Top Stories / Comments Off on Sheeler joins forces with Santa Barbara’s Movegreen
Movegreen, an environmentally conscious moving service founded along the South Coast in 2007, bought Sheeler’s Moving in a transaction completed on Dec. 11, essentially doubling its size.
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By Staff Report / Monday, November 17th, 2014 / Latest news, Technology, Top Stories / Comments Off on After leaving Goleta, Allergan sold in $66B deal
Although company spokespeople did not immediately return requests for comment, it is unlikely the fate of Allergan’s Goleta facility will change.
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By Staff Report / Monday, October 20th, 2014 / Latest news, Technology, Top Stories / Comments Off on Citrix expands South Coast holdings with RightSignature acquisition
Multinational software firm Citrix Systems announced today it has bought RightSignature, a Web-based signature capture and document management service based in Santa Barbara. Terms of the deal were not disclosed.
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By Erika Martin / Thursday, October 9th, 2014 / Latest news, South Coast, Technology / Comments Off on Channel Technologies buys Massacusetts defesnse firm
Santa Barbara-based military contractor Channel Technologies Group announced today that it has acquired Materials Systems Inc., a producer of sonar technology. The value of the deal was not disclosed. The Massachusetts-based firm will become a wholly owned subsidiary of Channel Technologies, which is owned by private equity group Blue Wolf Capital Partners. Both companies use Read More →
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By Staff Report / Friday, May 9th, 2014 / South Coast, Technology, Tri-County Economy / Comments Off on UCSB spinout Lettuce Apps acquired by Intuit
Lettuce Apps, a spinout out of UC Santa Barbara, has been acquired by financial software giant Intuit for an estimated $30 million. The Los Angeles-based company got its start in UCSB’s Technology Management Program, which has produced a number of successful startups including medical device maker Inogen, now a publicly traded company based in Goleta. Read More →
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By Staff Report / Thursday, March 27th, 2014 / Central Coast, Top Stories, Tourism, Tri-County Economy, Wine & Viticulture / Comments Off on Startup Paso Robles wine brand Chronic Cellars purchased
Novato-based Winery Exchange has purchased Chronic Cellars out of Paso Robles, a young winery known for its red-wine blends and counter-culture branding. Terms of the deal were not disclosed. Chronic Cellars is best known for red blends such as its zinfandel-based Purple Paradise and its syrah-based Sofa King Bueno, Winery Exchange said in a Read More →
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