San Diego Business Journal

Tide Rock LLC has recently acquired three companies: Glenn Wayne Wholesale Bakery of Long Island, New York; Global Electronics Recycling of Phoenix; and Premier LogiTech of Dallas. Tide Rock LLC is a private equity firm that specializes in acquiring founder and family-owned B2B companies with essential products and services. The company primarily invests in the manufacturing, distribution, and services industries, targeting businesses with recurring revenue and between $2 million and $7 million in EBITDA. Tide Rock takes a long-term investment approach and does not operate with a fund structure with a defined termination date. The recent acquisitions are in line with Tide Rock's focus areas and present opportunities for growth and synergies within the business portfolio. For access to the full story, subscribe to sdbj.com. https://lnkd.in/g5GjTjN5

The Burnham Center for Community Advancement recently released a community progress report on the current state and future of San Diego's beloved Balboa Park. This report highlights the significant progress made but also the urgent actions required to safeguard the park's legacy.   Without timely updates to governance and an increase in public investment, Balboa Park may face growing challenges in addressing deferred maintenance, potentially limiting options for both public and private stakeholders to maintain the park’s services. Balboa Park is more than just a park—it's a symbol of our community's heritage. Dive into the BCCA Balboa Park 2024 Community Progress Report to understand its vital role and the next steps we are taking to preserve its legacy: https://lnkd.in/gq6i-PG2

Genasys (Nasdaq: GNSS) reported mixed results for the third quarter, with a 120% increase in software revenue and a 62% drop in hardware revenue. The third-quarter revenue was $7.2 million, down 50% from the previous year. The CEO, Richard Danforth, acknowledged the challenges in hardware sales but highlighted the record pace of booking activity for this year. The company closed its 2023 fiscal year with revenue of $46.7 million and expects to receive approximately $75 million from a project with the Puerto Rico Electric Power Authority. Genasys also announced increased market share and expanded international sales, particularly in Europe, Asia, and the Middle East. For more on this story, subscribe to sdbj.com. https://lnkd.in/gFSgVaXp

The La Jolla Band of Luiseño Indians has found alternative ways to generate revenue and draw visitors. Instead of focusing on indoor gambling, they have invested in outdoor adventures such as ziplines, campgrounds, hiking trails, and a water park. These ecotourism initiatives help support the tribe's infrastructure and economic needs. The tribe's innovative approach has proven successful, and they are now partnering with Applied Adventure Consulting to manage their zipline course. This venture aligns with the growing adventure tourism market, and the tribe is confident in its future despite financial challenges during the COVID-19 pandemic. For more, subscribe to sdbj.com. https://lnkd.in/gdepPVC2

Join us as we look back at San Diego Business Journal's 40 Under 40 event that celebrated the outstanding young professionals in San Diego who are making a real impact. Discover what separates these extraordinary business leaders, and prepare for an unforgettable experience! Tune in now!

🎉 Join us or donate at https://lnkd.in/ewTwqd5x for Neighborhood Healthcare's Fun Under The Sun Gala on Aug 31! 🌴 Get ready for an unforgettable evening with live music, Tahitian dancers, and delicious cuisine paired with our signature cocktail! 🌊 Support Neighborhood's mission to build healthy, happy communities by providing health care for everyone regardless of situation or circumstance! Thank you to our supporters--BioMed Realty, Cardiovascular Institute of San Diego, Gary & Maxine Kreitzer, and Jack & Caroline Raymond. 💙 Follow us at Neighborhood Healthcare to stay informed, learn about ways to give, and see new employment opportunities. #FunUnderTheSun #NeighborhoodHealthcare #FundraisingGala #CommunitySupport #bettertogether

Joseph Wong Design Associates' latest project, the 36-story Simone apartment tower in Little Italy, won the 2024 Golden Nugget Best Multifamily Community of the Year award. The project offers a mix of studio, one-bedroom, and two-bedroom apartments and includes low-income housing. The rooftop deck with a lounge and swimming pool provides attractive amenities, and the building design incorporates high-quality features despite the challenging small site. The firm's upcoming project, Park Summit in Bankers Hill, will be completed in late 2026 and will feature 265 apartments, including extended-stay units, retail spaces, and restaurants. For more on the project, subscribe to sdbj.com. https://lnkd.in/gCHNwT3g

Deborah Szekely, the co-founder of Rancho la Puerta, turned 102 years old in May and still actively contributes to the resort. She meets with staff, gives lectures, and speaks about wellness. She attributes her longevity to not worrying and staying busy. She enjoys working and interacting with people. When asked about retirement, she said she doesn't plan to retire and advises others to have something to do. If she could make her career over, she might have chosen to work in Paris due to its accessibility to many countries. Read San Diego Business Journal's full interview with her by subscribing to sdbj.com. https://lnkd.in/dYJZVd6W

Congratulations to Riley Cutner-Orrantia, one of SDBJ's 2024 40 Next Top Business Leaders Under Forty 2024 Winners! #SDBJ #40Under40

Pete Halmay, 82, is the San Diego Fishermen's Working Group president and a sea urchin diver. He retired from civil engineering because he preferred the unpredictability of diving over the engineering routine. Diving keeps him feeling great, but physical work is getting more complex. He's scaled back his diving time and focuses more on social and future-oriented work with the fishermen's group. He has no plans to retire and advises others to do what they love and retire when ready. He has no regrets and believes in enjoying the work you do. Subscribe to sdbj.com to read the full interview. https://lnkd.in/gGfuxabN