SAN FERNANDO VALLEY
On Tap: Fireman’s Brew Inc., a Woodland Hills microbrewery, is conducting a private stock offering to raise $5 million in capital for expansion. Fireman’s, which makes three different beers, is offering 6.25 million shares of common stock at 80 cents a share, with a minimum $5,000 purchase of 6,250 shares. The company closed a round of funding in May that raised $835,000.
On Target: Ducommun Inc., a Carson-based engineering and manufacturing company, has received a $3.7 million follow-on award to continue providing wiring harnesses for a tube-launched, optically tracked and wireless-guided weapon system of Raytheon Co., a Waltham, Mass.-based aerospace and defense company. Work will be performed at the Ducommun LaBarge Technologies facility in Berryville, Ark.
Taking Off: Wyle, an El Segundo aerospace and defense contractor, has been awarded a $3 million, three-year contract to provide qualification testing for the Army’s UH-60 Blackhawk helicopter, and its subsystems and components. The testing will also apply to commercial variants of the Blackhawk used by the FBI, firefighting agencies and other organizations.
Equity Draw: Chernin Group LLC, a Santa Monica entertainment company, has secured equity investment from Qatar Holdings LLC, an investment institution operated by the government of Arab emirate Qatar. Chernin will use the money to expand operations. Financial terms of the deal were not disclosed.
Industry Honor: Live Nation Entertainment Inc., a Beverly Hills live entertainment and ticket company, has been honored as Top Promoter by music trade publication Billboard. It is the seventh consecutive time Live Nation has earned the honor at the Billboard Touring Conference Awards.
Media Pickup: J2 Global Inc., a provider of cloud services, has acquired Ziff Davis Inc., a New York media company with online properties including PCMag.com and Geek.com. The purchase price was about $167 million and was funded out of j2’s cash on hand.
On the Move: MNX Inc., an Inglewood-based transportation and logistics company, has been acquired by Riverside Co., a New York private equity firm. MNX Chief Executive Scott Cannon will remain in his position. Financial terms of the deal were not disclosed.
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