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Wash Multifamily Laundry Systems of El Segundo has acquired American Meter & Appliance in a deal that will allow the company to expand in the Pacific Northwest and Alaska. Wash Multifamily, which is privately held, announced the deal on Wednesday. Terms were not disclosed. Both companies provide design services and laundry equipment to apartment complexes and college campuses. As a result of its acquisition, Wash Multifamily will be able to expand to Washington, Oregon, Idaho, Montana and Alaska. The company plans to establish branch offices in Seattle and Anchorage.
Century City private equity firm Ares Management reported strong second-quarter growth in profits and managed assets on Wednesday.
The Dow Jones industrial average gained 91 points in Wednesday’s trading to close at 16,652. The S&P 500 gained 13 points to close at 1,947. The Nasdaq gained 45 points to close at 4,434. The LABJ Stock Index gained a point to close at 199.
The Dow Jones industrial average fell 9 points in Tuesday’s trading to 16,561. The S&P 500 fell 3 points to 1,934. The Nasdaq fell 12 points to 4,389. The LABJ Stock Index fell a point to 198.
Petitioners demanding the cancellation of a 1,000-foot Slip ‘N Slide-like attraction in downtown Los Angeles have collected more than 2,500 online signatures.
The Dow Jones industrial average gained 16 points in Monday’s trading to close at 16,570. The S&P 500 gained 5 points to close at 1,937. The Nasdaq gained 30 points to close at 4,401. The LABJ Stock Index gained a point to close at 199.
The Los Angeles Business Journal’s index of the largest public companies rose for the week. The weighted LABJ Stock Index climbed about a point to 198. Gainers outpaced losers by 81 to 76, with seven companies unchanged.
The Dow Jones industrial average rose 186 points in Friday’s trading to close at 16,554. The S&P 500 rose 22 points to close at 1,932. The Nasdaq rose 36 points to close at 4,371. The LABJ Stock Index rose 2 points to close at 198.
IPC The Hospitalist Company Inc. announced Thursday that it has acquired GeriCare LLC, a post-acute medical group practice with operations throughout Connecticut.
The Dow Jones industrial average lost 75 points in Thurday’s trading to close at 16,368. The S&P 500 lost 11 points to close at 1,910. The Nasdaq lost 20 points to close at 4,335. The LABJ Stock Index lost 2 points to close at 196.
West L.A. private equity firm Vance Street Capital announced Wednesday that it had bought aviation coating company Eirtech Aviation in Shannon, Ireland. Vance plans to combine the new business with two existing portfolio companies to create a major international player in aircraft painting and interior care. Terms of the deal were not disclosed.
The Dow Jones rose 14 points in Wednesday’s trading to close at 16,443. The S&P 500 was flat at 1,920. The Nasdaq rose 2 points to close at 4,355. The LABJ Stock Index was flat at 197.
21st Century Fox on Tuesday formally withdrew its offer to acquire Time Warner Inc., parent of Warner Bros. Entertainment in Burbank.
The Dow Jones industrial average lost 140 points in Tuesday’s trading to close at 16,429. The S&P 500 lost 19 points to close at 1,920. The Nasdaq lost 31 points to close at 4,352. The LABJ Stock Index edged down a point to close at 198.
The Ensign Group of Irvine has purchased Angeles Home Health Care of Los Angeles for an undisclosed amount.