Procore makes its biggest acquisition yet
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 →
Deadline approaching for final round of state pandemic relief grants
The clock is ticking for qualified small businesses and nonprofits looking to get a financial boost from the final round of the California COVID-19 pandemic relief grant program. Applications for the ninth round of the state’s Small Business COVID-19 Relief Grant will be accepted until Sept. 30. Eligible businesses must be affected by the pandemic Read More →
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 →
Olaplex IPO will raise around $1B, company says
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 →
Figueroa Mountain Brewing reports progress in bankruptcy
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Real Estate: Landlord puts $78.5M price tag on set of 10 Isla Vista properties
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Facing jump in demand due to pandemic, Women’s Economic Ventures gets federal grant
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