Passco Is Still Bullish for 2017

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.

In his new position, Clifton will negotiate and secure financing for new acquisitions as well as maturing asset loans, and oversee company operations for Passco Property Management and Passco Management Services while continuing his role within Passco Cos. Development. In her new role, Cottle, who has been with Passco since 2004, will be responsible for overseeing all financial reporting, risk-management and strategic-banking relationships for Passco Cos. and its affiliates.