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Sunday, Aug 14, 2022

Regional Report



Stock Repurchase: The board of Superior Industries International Inc., a Van Nuys manufacturer of aluminum wheels, has approved another $30 million stock repurchase program. Superior will repurchase common stock through the open market or private transactions. The company launched a $30 million stock repurchase in March 2013 that was completed earlier this year.


Philly Check-In: IPC the Hospitalist Inc., a North Hollywood-based provider of doctor and nurses to health facilities, has acquired Comprehensive Health Systems in suburban Philadelphia. The acquisition will add about 13,500 annual patient visits to IPC.



Signed Up: DocMagic Inc., a Torrance loan documents business, has paid $1.2 million to acquire eSign Systems Inc., a Lee, Mass., firm that helps businesses manage electronically signed documents and digital transactions. DocMagic will take on eSign’s entire management as part of the transaction.



Industrial Property: Slab Properties has purchased a Compton industrial property for $8.4 million from a private investor. The 3.2-acre property, at 250 W. Artesia Blvd., was built in 1985 and features a 72,164-square-foot warehouse. Slab, through Commerce operating arm Insulated Products Corp., makes thermal packaging for food, industrial and pharmaceutical companies.



Up in Cloud: Central Desktop, a cloud-based management platform for businesses, has been acquired by PGi, an Atlanta collaboration software service provider. PGi plans to invest in Central Desktop and boost its 50-person staff as PGi increases it presence on the West Coast. Financial terms of the deal were not disclosed.

Cleaning Up: Tetra Tech Inc., a Pasadena engineering services provide, has been awarded a five-year, $76 million contract with the U.S. Environmental Protection Agency to provide technical and advisory services to the Superfund Technical Assessment and Response Team in the EPA’s Region 4. Tetra Tech will provide scientific and technical support to protect human health and the environment in response to man-made and natural emergencies and disasters, and at polluted sites. The contract area includes Alabama, Florida, Georgia, Kentucky, Mississippi, North and South Carolina and Tennessee.



Series A: Wilshire Axon Sports, a mobile ad platform operator in Westwood, has raised $2 million in Series A funding to expand its sales and marketing efforts, and develop its platform. Wilshire Axon launched in 2006 as a digital design firm but recently shifted its focus to helping sports teams increase their fan engagement. The round was led by San Francisco’s Mosaik Partners.


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