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Procore makes its biggest acquisition yet

By   /  Thursday, September 23rd, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore makes its biggest acquisition yet

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore Technologies announced its first acquisition since going public in May, and it’s the largest one in company history. The Carpinteria-based construction software company said on Sept. 22 that it is purchasing Levelset, a New Orleans-based construction software company, for $500 million: $425 million in cash and $75 million in the form of Procore common Read More →

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Latest

U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Top Story, Tri-County Economy, West Ventura County  /  Comments Off on U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →

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Latest

Olaplex IPO will raise around $1B, company says

By   /  Monday, September 20th, 2021  /  Banking & Finance, Latest news, middle, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

Olaplex, a hair care products company founded in Santa Barbara, expects to price its initial public offering of common stock between $14 and $16 per share, the company announced Sept. 20. The company said it is offering 67 million shares, so at the midpoint of its anticipated price range, the shares would sell for around Read More →

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Latest

Facing jump in demand due to pandemic, Women’s Economic Ventures gets federal grant

By   /  Friday, September 17th, 2021  /  East Ventura County, Government, Latest news, Small Business, South Coast, Subscriber content, Top Stories, Tri-County Economy, West Ventura County, Women Inc.  /  Comments Off on Facing jump in demand due to pandemic, Women’s Economic Ventures gets federal grant

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Region’s unemployment rate down to 5.9% in August

By   /  Friday, September 17th, 2021  /  Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Region’s unemployment rate down to 5.9% in August

The tri-county region’s unemployment rate dipped below 6% in August for only the second time since the COVID-19 pandemic began, according to a Business Times analysis of data released Sept. 17 by the California Employment Development Department. The combined unemployment rate for Ventura, Santa Barbara and San Luis Obispo counties was 5.9% in August, down Read More →

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Latest

Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses

By   /  Wednesday, September 15th, 2021  /  Agribusiness, Banking & Finance, Latest news, right, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Glass House Brands, a publicly traded cannabis company, has closed its purchase of the former Houweling’s Tomatoes property near Camarillo. The 160-acre property has six greenhouses that total 5.5 million square feet. Glass House bought it for $93 million in cash, plus stock considerations, the company said in a Sept. 15 news release. The closing Read More →

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Latest

UCSB economist: ‘Bad news and good news’ with plentiful jobs but high unemployment

By   /  Friday, September 10th, 2021  /  Central Coast, Latest news, South Coast, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on UCSB economist: ‘Bad news and good news’ with plentiful jobs but high unemployment

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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