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Santa Clarita Valley Business Journal Santa Clarita’s Only Business Publication
www.scvbj.com
$4.50 · Volume 8 · Number 13
may 2017
Remembering Barry Gump
Page 5
Barry and Nancy Gump, photographed in 2011. Behind them, hanging on the wall of the corporate offices in Santa Clarita is a photo of Massena “Andy” Gump, Barry’s father and Nancy’s grandfather, founder of the company. Dan Watson/The Signal
Neotech Products LLC FivePoint’s IPO could raise half a billion dollars By Patrick Mullen SCVBJ Editor he privately-held owners of Newhall Land, the developers of Valencia who hope to build another planned community of equal scope at Newhall Ranch, are going public. Five Point Holdings LLC, owner of Newhall Land Co., which developed Valencia, is going public in a stock offering
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Neotech Products’ warehouses in Valencia. Katharine Lotze/The Signal
By Patrick Mullen SCVBJ Editor edical-device manufacturer Neotech Products LLC makes products for neonatal intensive care units (NICUs) as one of its main lines of business. But that’s not how the Valencia-based company got its
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name. Co-founders Tom Thornbury and Paul Choksi, both biomedical engineers, and Arnold “Doc” Heyman, M.D., a urologist and entrepreneur, chose the name based on “neo,” Greek for new. Now marking its 30th anniversary, the See NEOTECH, page 12
that could raise half a billion dollars or more. On April 7, the company filed documents with the federal Securities and Exchange Commission saying it will conduct an initial public offering. If the IPO is successful, the company will trade on the New York Stock Exchange under the See FIVEPOINT, page 10
Core values build Saenger Associates Lessons from the recruiting rollercoaster By Ken Keller
SCVBJ Contributor t’s 898 miles from Filer, Idaho (population 2,508), where Gary Saenger was born and raised, to Santa Clarita, his hometown since 1987. Saenger, founder and president of Saenger Associates, an executive search firm, brings the values he learned growing up to his business and his life. Gary’s grandfather, Henry Saenger, had ten children. When he died in a railroad accident, his son Paul (Gary’s father) was just six years old. Paul never got past the eighth grade. He was the second-youngest child, with eight older sisters
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See SAENGER, page 6
President Gary Saenger of Saenger Associates