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Fluence to acquire renewable energy SaaS company
Arlington-based energy storage and digital application company Fluence Energy Inc. announced Monday that it has entered into an agreement to acquire Nispera AG. Nispera is a Zurich-based artificial intelligence and machine learning-enabled software-as-a-service company that targets the renewable energy sector. It helps clients monitor, analyze, forecast and improve renewable energy assets’ p[...]
Owens & Minor acquires home health care company for $1.6B
Mechanicsville-based Fortune 500 health care logistics company Owens & Minor Inc. announced Tuesday that it had closed its acquisition of Indianapolis-based Apria Inc. for a cash consideration of $1.6 billion. Owens & Minor funded the purchase with a combination of debt and cash on hand. The company is combining Apria and its Byram Healthcare Centers […]
Hilb Group acquires N.J. risk management firm
Henrico County-based insurance company The Hilb Group LLC announced Thursday that it has acquired New Jersey-based E.B. Cohen Insurance and Risk Management. Financial terms of the transaction were not disclosed. “E.B. Cohen aligns perfectly with our strategy for growing among industry leaders — bringing a terrific history of insurance and risk management experience and expertise, […[...]
WaveDancer to acquire Herndon SaaS firm for $90M
Fairfax-based software company WaveDancer Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based software-as-a-service platform company Knowmadics Inc. for $90 million. Approximately $56.5 million in cash and $33.5 million of stock at a price of $6.50 per share comprise the $90 million total. WaveDancer intends to raise approximately $67 million […]
Booz Allen to acquire Reston-based cyber firm
McLean-based global management consultant Booz Allen Hamilton Inc. announced Wednesday that it plans to acquire EverWatch, a Reston-based government solutions contractor. Terms of the deal were not disclosed. The deal will allow Booz Allen to speed delivery of classified software development and analytics capabilities for national security clients and complements its artificial intelligence and c[...]
Google to buy Reston cybersecurity firm for $5.4B
Reston-based cybersecurity firm Mandiant Inc. has entered into an agreement to be acquired by Google LLC in an all-cash transaction valued at $5.4 billion, Mandiant and Google announced Tuesday. Google will pay $23 per share for Mandiant, and when the deal closes, Mandiant will join Google Cloud. The deal is expected to close later this […]
Stronger together
Bank acquisitions and mergers, particularly among Virginia’s community banks, continued apace in 2021. Banks sought scale for efficiency and flexibility, as well as to acquire resources in anticipation of potential new government regulation. “The recurring theme in bank mergers is scale,” Bruce Whitehurst, president and CEO of the Virginia Bankers Association, told Virginia Business in [[...]
PAE’s former head named Amentum CEO
John Heller, the former CEO of Falls Church-based contractor PAE Inc., will serve as CEO of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc., which purchased PAE earlier this month. Heller, who led PAE for seven years until March 2021, will take his new post effective March 28, Amentum announced Thursday. ”It is an honor […]
Amentum seals deal on $1.9B PAE acquisition
The $1.9 billion, all-cash acquisition of Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) by an affiliate of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc. has closed, the two companies have announced. The deal, which closed Feb. 15, was first announced in October 2021 and PAE’s stockholders voted to approve the deal [&hel[...]
Tegna to sell for $5.4B to hedge fund
Tysons-based broadcast and digital media giant Tegna Inc. will be acquired in a $5.4 billion cash deal by an affiliate of Standard General, the company announced Tuesday morning. New York hedge fund Standard General, one of Tegna’s largest shareholders, and New York-based private equity firm Apollo Global Management will buy Tegna for $24 per share […]
Fairfax telecom software provider acquires N.J. firm
Fairfax-based telecommunications tech provider Teoco announced Tuesday it had acquired New Jersey-based software company Software Synergy Inc. Financial terms of the transaction were not disclosed. “As we look to strengthen Teoco’s presence in the North American market, we are proud of our strategic acquisition of SSI to enhance our routing solutions portfolio,” Teoco founder and [&helli[...]
Capital Automotive Real Estate acquired for $3.8B
McLean-based Capital Automotive Real Estate Services Inc. has been acquired by Los Angeles-based investment management firm Ares Management Corp. for $3.8 billion, Ares announced Thursday. Ares bought the company from a Brookfield private real estate fund, according to a news release from Ares. The purchase was made with funds managed by Ares’ alternative credit strategy […]
