Pat Maio

Reporter (Finance)

Email: pmaio@labusinessjournal.com
Phone: 323-556-8329

Recent Stories

City of Hope to Invest $1B in New Cancer Center in Irvine

Duarte-based medical care provider City of Hope has boosted its investment to $1 billion for a new cancer center at the FivePoint Gateway in Orange County.

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PE Firm Angeles Equity Extends Shopping Spree

FINANCE: Lumenetix buy is fourth deal in two weeks

Angeles Equity Partners has made four deals in the last two weeks.

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Credit Unions Consolidate

SPECIAL REPORT: BANKING AND FINANCE

LA sees sharp drop in number of institutions even as assets rise

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Umpqua Steps Back After Rapid Expansion

SPECIAL REPORT: BANKING AND FINANCE

Firm pauses acquisitions and looks to organic growth in Southen California

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ManifestSeven Rolls Up Deals

RETAIL: Cannabis firm purchases SD delivery service, prized phone number

Pot logistics company ManifestSeven expands its reach in consumer market.

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Ares Management Sells Pet Care Firm, Funds Energy Venture

Century City-based Ares Management Corp. was involved in separate deals this week, selling one of the largest veterinary and pet care services organizations in the world and providing $165 million in capital for a joint venture drilling for natural gas and oil in western Texas.

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Stone Canyon Industries Holdings Sells $1.8B Stake in Firm

Century City-based Stone Canyon Industries Holdings announced June 18 that it sold a $1.8 billion equity stake in the company to a number of pension funds and family offices. Cash from the transaction was used to help pay for the recent purchase of Reddy Ice Holdings Inc., and the remainder will be used for future acquisitions.

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ManifestSeven Purchases Cannabis Delivery Service

Commerce-based cannabis logistics company ManifestSeven purchased San Diego-based marijuana delivery service to help scale its distribution operation statewide.

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Angeles Equity Acquires Lighting Manufacturer

Santa Monica-based private equity firm Angeles Equity Partners said its portfolio company ERP Power purchased lighting components manufacturer Lumenetix Inc.

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Jonathan Wallace

20 in their 20s

Investment director at Expert Dojo

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