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Recent Articles from Katherine Schulte
Four Va. businesses to receive flood solutions funding
Four Virginia-based small businesses focused on coastal resiliency and flooding will receive funding to develop their products, Norfolk-based nonprofit RISE Resilience Innovations announced Thursday. Divided between rural and urban projects, there were eight winning projects, with the other four based in North Carolina. More than 70 projects were submitted. The urban winners will receive up [&hell[...]
Carlyle Group to acquire ManTech for $4.2B
Herndon-based ManTech International Corp. has entered into a definitive agreement to be acquired by The Carlyle Group for approximately $4.2 billion, the tech contractor announced Monday. In the all-cash transaction, ManTech shareholders will receive $96 per share in cash, a 32% premium to ManTech’s closing share price of $72.82 on Feb. 2, which was the […]
Ferguson parent company moves primary listing to NYSE
The U.K.-based parent company of Newport News plumbing, HVAC and industrial product distributor Ferguson Enterprises LLC has transferred its primary stock listing from the London Stock Exchange to the New York Stock Exchange, Ferguson PLC announced Thursday. “We are excited to achieve this key milestone as our listing structure is now fully aligned with our […]
Va. CEOs expect increased sales despite shortages
About 70% of CEOs expect sales to increase in the next six months, despite supply chain and labor shortages, according to the first quarter CEO Economic Outlook survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (VACEOs). Ninety percent of CEOs reported a labor shortage impacting their […]
American Diabetes Association appoints new CEO
The American Diabetes Association has appointed Charles D. “Chuck” Henderson as its new CEO, the Arlington-based nonprofit announced Thursday. Henderson served as the association’s interim CEO for the previous six months. Furst Group, an Illinois-based health care executive search firm, selected him for the permanent position. He succeeds Tracey D. Brown, who left in October […]
UVA Health, Focused Ultrasound launch $8M center
University of Virginia Health and Charlottesville-based Focused Ultrasound Foundation invested $8 million into launching the Focused Ultrasound Cancer Immunotherapy Center, the health system announced Wednesday. “We are excited to announce this powerful multidisciplinary and interdepartmental collaboration effort with the Focused Ultrasound Foundation and the commonwealth of Virginia to expand t[...]
Avantus Federal acquires N.C. tech firm
Avantus Federal has acquired North Carolina-based tech contractor Far Ridgeline Engagements (FRLE), the McLean-based IT defense contractor announced last week. Financial details of the transaction were not disclosed. “For almost 15 years, Far Ridgeline Engagements has earned eminence by maintaining a strong focus on providing solutions to our nation’s special operations and intelligence mi[...]
Metro announces next general manager, CEO
Washington Metropolitan Area Transit Authority’s new general manager and CEO is Randy Clarke, the current president and CEO of Austin, Texas’ Capital Metro. The board of the authority, which runs Metrorail and Metrobus, announced Tuesday that Clarke will assume the position in late summer. Metro’s current general manager and CEO, Paul J. Wiedefeld, announced in […]
Golden Nugget pulls out of Va. after DraftKings acquisition
DraftKings Inc. closed its acquisition of Golden Nugget Online Gaming Inc., the Boston-based company announced last week, and Golden Nugget will therefore no longer operate in Virginia. Golden Nugget Online Sportsbook in Virginia said it stopped accepting registrations, wagers and deposits in early May and would no longer offer promotions. For 60 days after the […]
Globalinx to add new subsea cable landing site in Va. Beach
Virginia Beach will have four more subsea bore pipes in Sandbridge by the third quarter of 2023, infrastructure that will allow more high-speed subsea cables connecting Virginia to Europe, Asia, the Caribbean and the Americas, the city announced Friday. Virginia Beach-based Globalinx Subsea Colocation provides colocation space for MAREA, BRUSA and DUNANT high-speed subsea telecommunication [&helli[...]
