Sign In
Free Newsletter
Goldschmitt & Associates to lay off 217 employees
A Sterling-based business management firm, Goldschmitt and Associates, expects to lay off 217 employees beginning May 1, it said in a letter to the state's Department of Workforce Development & Advancement last week.
Reston Limousine sold to Texas company
Dallas-based TBL Group, a transportation and logistics management acquisition company, has purchased Reston Limousine & Travel Service, a Sterling-based transportation company started in 1990. According to TBL’s website, the company will be known as Reston Transportation. Financial terms were not disclosed. Since its founding, Reston Limo has grown from five vehicles to a fleet of [&hell[...]
Kastle takes majority stake in Mich. security business
Kastle Systems, a Falls Church security solutions company, has taken a majority stake in i2G Systems, a Michigan-based electronic security service provider firm. Kastle did not clarify the amount of the investment. “Kastle’s strategic investment in i2G — a majority stake — is the largest investment in our company’s 50-year history,” Kastle CEO Haniel Lynn […]
OpTech expanding Loudoun satellite plant
Optimum Technologies, a Sterling space flight hardware designer and manufacturer, plans to expand its Loudoun County satellite manufacturing plant, a project expected to create 40 jobs, Gov. Glenn Youngkin announced Monday. Known as OpTech, the company will invest $999,000 in the expansion, according to the governor’s office. OpTech was founded in Virginia in 2015 and […]
Sterling drone-jamming firm to be acquired by Taser maker Axon
Dedrone, a Sterling-based maker of drone-jamming and detection devices, has reached an agreement to be acquired by Scottsdale, Arizona-based Taser manufacturer Axon Enterprise. The transaction is expected to close in the second half of 2024, the companies announced Monday, and terms of the deal were not disclosed. Dedrone’s portable gunlike jammers can thwart aerial drones […]
EY taps 14 Virginians as Mid-Atlantic Entrepreneur of the Year finalists
Fourteen Virginia business leaders are among the 30 finalists for Ernst & Young’s 2024 Mid-Atlantic Entrepreneur of the Year award. EY announced the finalists, selected by a panel of independent judges, on April 22. The Big Four professional services company will name the regional awards winners on June 15. The Virginia finalists include: Anil Sharma, […]
Transportation 2023: CHARLES ‘CHUCK’ KUHN
Kuhn was just a teenager when he started JK Moving, which has grown into North America’s largest independently owned and operated moving company. Employing more than 1,000 workers, it was ranked best moving company for 2023 by U.S. News & World Report. In addition to his business successes, Kuhn is also known for his land […]
Sterling CEO named adventure parks association chair
Sterling-based Flight Adventure Park CEO Steven L. Yeffa has been named chairman of the International Adventure and Trampoline Parks Association’s board, the family entertainment venue company announced in early May. “We are thrilled to have Steve elected as our chair,” IATP Executive Vice President Bethany Evans said in a statement. “His vision and leadership is […]
JK Moving names president
Sterling-based moving and storage company JK Moving Services announced Friday it promoted David Cox to president. Cox will assume responsibility of day-to-day operations, and founder Chuck Kuhn will remain CEO of the company. “[Cox] is a natural leader, and his industry knowledge, focus on technology and innovation as well as keen business sense have helped […]
Sterling warehouse sells for $20.8M
Washington, D.C.-based financial technology company Fundrise has purchased a 76,500-square-foot warehouse located at 22480 Randolph Drive in Sterling for $20.8 million, Edge Capital Markets announced Thursday. Edge Capital Markets declined to name the seller. The warehouse is in Broad Run Business Park near the intersection of Randolph Drive and Moran Road, north of Dulles International […]
TransUnion to acquire majority of Neustar for $3.1B
Chicago-based consumer credit reporting agency TransUnion has signed a definitive agreement to acquire Reston-based identity management tech company Neustar Inc.’s marketing, fraud and communications businesses for $3.1 billion in cash. The transaction is expected to close in the fourth quarter. The Neustar acquisition is expected to generate approximately $575 million in revenue and $115 mi[...]
REI Systems secures $400M FDA contract
Sterling-based IT company REI Systems secured a five-year, $400 million contract from the U.S. Food and Drug Administration, the company announced Tuesday. Under the single-award Criminal Investigations, Imports and Systems Inspection Regulatory Compliance and Enforcement contract, REI will support the FDA’s Office of Regulatory Affairs in the development and operations of mission-critical s[...]
