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Passco Ranks Among Orange County Business Journal’s Top Private Companies List

By June 12, 2022December 8th, 2023No Comments

June 12, 2022

Orange County’s biggest private companies are getting bigger.

The 35 companies on the Business Journal’s annual list reported a 25% jump in revenue to $100 billion last year. That compares to a 1% gain in revenue in 2020 and a 3.1% increase in 2019.

The boom was widespread-19 increased their sales, including 14 by more than double digits.

The largest gainer on the list was Passco Cos., an Irvine-based developer and real estate apartment investor with nearly 14,500 units in its portfolio. Its revenue more than doubled to $1.8, billion, as it climbed from No. 24 to No. 12.

“Last year was our busiest ever with $1.7 billion in transactional volume,” Senior Vice President of Corporate Marketing Stacy Stemen told the Business Journal in a recent interview.

Originally published by Orange County Business Journal.

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