With over 13,000 middle market firms (Firms with revenues from $10m to $1b), the Los Angeles/Long Beach/Anaheim region of Southern California ranks 3rd nationwide1 in number of middle market firms, 3rd in revenue and 4th in employment. Add San-Diego/Carlsbad corridor to this mix (#15 on its own merit), and the number of firms add up to over 16,500, now ranking second in the nation and finally, add Riverside/San Bernardino/Ontario (#19 on its own), and the total number of middle market firms exceed 21,000, beating New York and ranking first in the country.
This is a mighty region for middle market activity, an economic engine for the entire nation and one in which the fittest survive, considering California’s ranking in high taxes.
The mission of Newport’s Southern California practice partners is to help these companies thrive, among them family owned or private equity backed businesses, where our experienced partners can act as river guides and allies to the Chief with the CEOs and Boards. We help owners and investors meet the challenges of growth, transitions and transactions all the way to optimal exits for owners and ROIs for investors.