Sterling Infosystems Buys Axciom Info Security Services
February 3, 2012
Sterling Infosystems , which is backed by Calera Capital , has acquired Acxiom Information Security Services . The seller was Acxiom Corp . Financial terms weren’t announced. Acxiom Information Security is a background screening company. PRESS RELEASE Sterling Infosystems, Inc., a company owned by management and Calera Capital, a San Francisco based private equity firm, announced that it has completed the acquisition of Acxiom Information Security Services (AISS), a leading background screening company, from Acxiom Corporation (Nasdaq: ACXM)
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Sterling Infosystems Buys Axciom Info Security Services
Centerbridge Partners Acquires Aquilex
February 3, 2012
Aquilex Holdings said Friday that it has financially restructured its debt and is now majority owned by Centerbridge Partners . Also, Aquilex CEO and President Bill Varner is retiring while Donovan Boyd was named chairman of the board. Rothschild provided financial advice to Aquilex, while Alvarez & Marsal was restructuring advisor. Aquilex provides maintenance, repair and industrial cleaning solutions to the energy industry.
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Centerbridge Partners Acquires Aquilex
CEO Meg Whitman got $16.5M HP pay package
February 3, 2012
Despite being one of the Silicon Valley tech CEOs to get $1 a year in salary, Meg Whitman got stock options when she took over at Hewlett-Packard Co. last year that brought her total compensation to an estimated $16.5 million. The Palo Alto computer and services giant (NYSE:HPQ) reported the pay package in a proxy filing with the Securities and Exchange Commission on Friday. Whitman’s option awards are valued at $16.1 million and she was also given $372,598 in other compensation
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CEO Meg Whitman got $16.5M HP pay package
Deadline looms to bid on Custom House
February 3, 2012
Bidding for the Portland Custom House will close at 9 a.m. Feb. 7 unless a new bid is received before then. The high bid for the historic office building on Portland’s North Park Blocks currently stands at $1.7 million with six active bidders expressing interest. The auction will be automatically extended by 24 hours if a bid is received in the day before the scheduled close.
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Deadline looms to bid on Custom House
Polaris Venture invests $4M in Aria
February 3, 2012
Polaris Venture Partners made a $4 million investment in Aria Retirement Solutions. The Boston-based venture capital firm, which has an office in Palo Alto, has more than $3 billion under management. San Francisco-based Aria provides retirement income services. It plans to use the funds for expansion of its technology platform for independent Registered Investment Advisers.
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Polaris Venture invests $4M in Aria
State health insurance premiums rise, but rate slows
February 3, 2012
Health insurance premiums in Oregon continued to rise in 2011 but at a slower rate than in recent years. According to the Department of Consumer and Business Services annual report on Health Insurance in Oregon, the average premium for individuals and employers with two to 50 workers increased 6.6 percent. That’s down from an 11.7 percent increase in 2010. The decline was attributed to fewer medical claims being filed last year.
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State health insurance premiums rise, but rate slows
THL Credit Backs Express Courier Acquisition of EagleOne
February 3, 2012
THL Credit has backed Express Courier ’s acquisition of EagleOne , a provider of same-day courier services in Southern United States. THL Credit and its managed fund, THL Credit Greenway Fund LLC , provided senior subordinated debt capital as part of the acquisition. Express Courier, a portfolio company of The Riverside Company , is headquartered in Franklin, Tennessee, and specializes in same-day and regularly scheduled delivery of time-sensitive or confidential materials across a range of industries. PRESS RELEASE THL Credit, Inc
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THL Credit Backs Express Courier Acquisition of EagleOne
Prospect Acquires Nix Health
February 3, 2012
Prospect Medical Holdings has acquired Nix Health Care System , a company that offers San Antonio and the surrounding communities a vast array of medical services ranging from primary care and surgical services to behavioral and rehabilitation services. Prospect Medical Holdings is a healthcare services company headquartered in Los Angeles and backed by private equity firm Leonard Green & Partners . PRESS RELEASE Prospect Medical Holdings, Inc.
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Prospect Acquires Nix Health
Peele Named COO of Surefire Social
February 2, 2012
Ron Peele was named chief operating officer of Surefire Socia l. He is also an investor in Surefire Social, an Internet marketing platform. Peele was a founding investor and CFO of Revolution Health . Prior to that, he helped launch and build the AOL/Time Warner venture capital group.
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Peele Named COO of Surefire Social
Regional stocks: U.S. stocks mixed
February 2, 2012
Jobless claims fell today, but the news didn’t do much to jolt the market. The Dow Jones Industrial Average closed down 9.38 points to 12,707, the NASDAQ closed up 11.41 points to 2,859 and the S&P 500 closed up 1.45 points. The Davidson 99, which measures stocks in seven western states, including 19 in Oregon, closed 0.34 points to 173.66. Among stocks of regional interest, Barrett Business Services (NASDAQ: BBSI) closed down 8.42 percent today to $18.60. Also losing ground were Planar Systems (NASDAQ: PLNR), which closed down 5…
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Regional stocks: U.S. stocks mixed
