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ManTech stockholders approve $4.2B sale to Carlyle Group
ManTech International Corp. stockholders have approved the Herndon-based tech contractor‘s sale to The Carlyle Group for approximately $4.2 billion. Stockholders green-lighted the sale during a Sept. 7 special meeting, subject to customary closing conditions. The transaction is expected to close this week. “We thank our stockholders for their strong support of this transaction,” said Man[...]
Arko to acquire Transit Energy Group for $375M
Arko Corp., a Fortune 500 holding company for Richmond-based convenience store chain GPM Investments LLC, announced Monday that GPM and some of its subsidiaries have agreed to acquire South Carolina-based Transit Energy Group for approximately $375 million plus the value of inventory. Transit Energy Group has about 150 convenience stores and fuel supply rights to […]
Va. Beach-based Fortis acquires Illinois packaging company
Virginia Beach-based packaging manufacturer Fortis Solutions Group LLC has acquired Montgomery, Illinois-based Identi-Graphics Inc., the company announced Tuesday in a news release. Terms of the deal were not disclosed. Identi-Graphics manufactures pressure-sensitive labels and flexible packaging for the snack, bakery, cosmetic and chemical markets in the United States and Canada. It specializes i[...]
DISYS acquires Illinois-based MAKE Corp.
McLean-based staffing firm Digital Intelligence Systems LLC (DISYS) has agreed to acquire MAKE Corp., an Illinois-based information technology staffing company, according to a news release. The move is part of DISYS’ growth strategy and will allow the company to expand staffing offerings in banking and financial services, health, manufacturing and retail, the company said. Terms of [&hellip[...]
CarLotz to merge with San Francisco’s Shift
Richmond-based CarLotz Inc., the nation’s largest consignment-to-retail used vehicle business, will merge with San Francisco-based Shift Technologies Inc., a similar platform on the West Coast, the companies announced Tuesday. The companies will combine in a stock-for-stock merger, according to a news release and will trade on Nasdaq under SFT. At the close, the new company […]
SES completes $450M purchase of Leonardo DRS satellite biz
Reston-based satellite telecommunications company SES Government Solutions has completed its $450 million acquisition of Arlington-based Leonardo DRS Inc.’s Global Enterprise Solutions satellite communications subsidiary following receiving regulatory approval. SES Government Solutions, a subsidiary of the Luxembourg-based satellite telecommunications network company, announced the deal̵[...]
Bowman Consulting acquires California firm
Reston-based engineering services firm Bowman Consulting Group has acquired San Diego-based Project Design Consultants, the company recently announced. Founded in 1976, PDC has 65 employees and provides civil engineering, surveying, planning and landscape architecture to clients in Southern California. “PDC presents a compelling opportunity for Bowman to advance our market expansion and service [...]
Arko Corp. buys Quarles Petroleum
Richmond-based Fortune 500 convenience retail holding company Arko Corp. has acquired Fredericksburg-based Quarles Petroleum for $170 million, Arko announced Monday. Arko Corp. debuted this year on the Fortune 500 list at No. 498 and is the parent company of Richmond-based GPM Investments LLC, one of the nation’s largest convenience store chains. Quarles Petroleum is one […]
Cortland completes $1B investment in Arlington
Cortland, an Atlanta-based multifamily real estate investment, development and management company, has completed its initial round of apartment acquisitions in Arlington with the purchase of Evo Rosslyn, a 27-story apartment building. The purchase is part of a $1 billion investment in multiple Arlington apartment communities, first announced in May. Evo Rossyln will be renamed Cortland […]
Deltek to acquire Wis. software company
Herndon-based software company Deltek Inc. announced Thursday it had entered into an agreement to acquire Wisconsin-based TIP Technologies Inc. Financial details of the transaction were not disclosed. The acquisition is expected to close in the third quarter of 2022. “For nearly forty years, Deltek has had a relentless focus on government contracting and powering our […]
ASGN acquires Mass. IT company for $350M
Henrico County-based IT and professional services provider ASGN Inc. announced last week that it has finalized its previously announced $350 million cash acquisition of GlideFast Consulting LLC. Founded in 2015, Waltham, Massachusetts-based GlideFast provides tailored solutions for the ServiceNow cloud computing platform, which helps companies manage digital workflows for enterprise operations. Gl[...]
ICF acquires SemanticBits for $220M
Fairfax-based management consulting firm ICF International Inc. announced Thursday it had completed its $220 million acquisition of health tech contractor SemanticBits. In June, ICF announced it had entered into a definitive agreement to acquire the Herndon-based company, and that its existing credit facility would fund the $220 million transaction. “As one of the industry’s leading [&hell[...]
