Oklahoma business briefcase for May 16
Acorn Growth Cos. acquires DIMO
Acorn Growth Cos., a private equity firm investing exclusively in aerospace, defense and intelligence, on Wednesday announced the purchase of Delaware-based DIMO Corp. Terms of the deal were not disclosed.
Founded in 1994, DIMO is a distributor of operationally critical parts and higher-level assemblies for power, electromechanical, life support and mission-specific aircraft systems.
“DIMO’s global operating infrastructure and key relationships with foreign government aerospace and defense procurement organizations will be a tremendous strategic asset to the Acorn portfolio," Acorn Managing Partner Rick Nagel said.
Sohrab Naghshineh, DIMO’s founder, will continue to serve as its president focusing on supporting the company’s strategic growth initiatives, as well as assisting other Acorn portfolio companies to address business opportunities in international markets. Omid Naghshineh will serve as chief operating officer.
MA+ Architecture opens Norman office
MA+ Architecture has opened a second location in Norman at 110 Mercedes Drive, the firm announced Wednesday. Six staff members are set to work in the 1,570-square-foot office.
“We have been active with clients in Norman for some time and this new facility has will make it more convenient and seamless," said Gary Armbruster, a principal and architect for the firm. “Our main office will continue to be in Oklahoma City, and we will have 17 staff members there.”
OCU business school recognized
College Consensus recently recognized the Meinders School of Business at Oklahoma City University as the No. 7 among the country's top online Master of Business Administration programs.
More than 550 distance MBA programs were analyzed based on reputation, tuition costs, online capability and GMAT requirements.