SD FINANCE

PriceSmart Raises December Sales 0.9 Percent

PriceSmart, the San Diego-based warehouse club chain operating in Latin America and the Caribbean, reported that December’s merchandise sales increased almost 1 percent compared with the same month one year ago. The company made its announcement Jan. 9.

East County Aircraft Parts Manufacturer Acquired

Spring Valley-based Williams Aerospace and Manufacturing has been acquired by a Los Angeles area defense contractor for undisclosed terms. Williams makes parts for a variety of Lockheed Martin aircraft, including the P-3 Orion maritime patrol aircraft and C-130 Hercules transport.

GA Satellite to Carry Argos Sensor to Space

General Atomics has received a contract to help launch a satellite for an international data gathering program. It is expected to play a role in ocean buoy tracking, wildlife and fishery monitoring, and maritime security.

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Seven San Diego Companies Went Public in 2018

San Diego saw a banner year for IPOs in 2018, with seven companies making the jump to go public. The end of the year brought one last holiday gift for the metro, with two additional biotech companies making their debuts in late December.

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Active Corporate Partners Are Powerful Addition to Incubator

San Diego tech incubator EvoNexus opened a new round of applications with the support of two big corporate partners.

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Startup Acquires Forensics Company

Truepic, a San Diego startup that verifies the authenticity of photos and videos, acquired a well-known photo forensics company.

Philanthropy: Candlelight Ball Continues Its Successes

The Scripps Health Foundation recently hosted the 88th Annual Candlelight Ball at the Fairmont Grand Del Mar.

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Mitchell Division Acquires Disability Services Company

Mitchell International's managed care division acquired Genex Services, a Sacramento-based disability services company.

Achates Power Names New CEO

Achates Power, the Sorrento Valley business developing opposed-piston truck and military engines, has named David Crompton CEO. The business has set a goal of creating a low-emission internal combustion engine.

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San Diego Cleantech Startup Raises $18M

Measurabl, a San Diego startup that helps real estate companies track sustainability data, raised $18 million in a series B.

Ad Astra Ventures Is Off to a Stellar Start

2018 Newsmakers

One of San Diego’s newest incubator programs succeeded in bringing together two stellar startup cohorts in its first year. Ad Astra Ventures, a program for early-stage companies founded by women, graduated six companies in 2018. They ranged from Envy, an e-commerce platform with a visual search engine, to Cooler Heads, a medical device startup making portable cold caps, which are applied during and after chemotherapy to prevent hair loss.

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Cubic Buys Gridsmart Technologies for $87M

Cubic Corp. said on Jan. 2 that it acquired Gridsmart Technologies Inc. for $87 million in cash.

Sempra Sells More Assets for $332M

Sempra Energy announced on Jan. 2 that it agreed to sell its non-utility U.S. natural gas storage facilities in Mississippi and Alabama to ArcLight Capital Partners for $332 million in cash.

With Multiple Suitors, Mitek Weighs Potential Deal

Mitek's board is considering a potential deal, after rebuffing several acquisition attempts.

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Cohu Names New Board Member

Cohu Inc., the Poway-based maker of test equipment for electronics factories, has named Ritu Favre to its board of directors, increasing the number of board seats from eight to nine, effective Jan. 2.

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