Larry Sullivan Sullivan: “With Alan and Suzy in their new roles, this has freed up some of my time and created an opportunity for me focus on items that will ultimately drive the company forward.”

IRVINE, CA—Passco Cos. LLC is targeting $1 billion in acquisitions this year, predicated on the continued availability of assets that fit its investment criteria, which nearly doubles its purchases for 2016, president Larry Sullivan tells GlobeSt.com. The firm recently promoted Alan Clifton to COO and Suzy Cottle to CFO to help achieve its goals.