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Luck Stone acquires N.C. company, 2 quarries
Goochland County-based crushed stone producer Luck Stone acquired North Carolina-based Ararat Rock Products Co. and its quarries in Mount Airy and Eden, the company announced Thursday. Financial details of the transaction were not disclosed. The acquisition expands Luck Stone’s presence in North Carolina beyond its quarry operation in Pittsboro. On Oct. 1, ownership transferred to […]
Dominion Energy to sell Questar Pipeline to Southwest Gas for $1.9B
Richmond-based Dominion Energy Inc. has reached an agreement to sell its Questar Pipeline subsidiary to Las Vegas-based Southwest Gas Holdings Inc. for $1.975 billion, the Fortune 500 utility announced Tuesday. The all-cash deal includes the assumption of $430 million of debt. The transaction is expected to close in the fourth quarter. Questar Pipeline is an […]
Sauer Brands buys independent salsa brand
Richmond-based Sauer Brands Inc. is expanding into salsa with the acquisition of Frisco, Texas-based Mateo’s Gourmet Salsa, the company announced Thursday. Sauer Brands, which owns Duke’s Mayonnaise, The Spice Hunter, Kernel Season’s and its own line of spices and seasoning, did not disclose the financial terms of the deal. In July 2019, Charlotte, North Carolina-based […]
Alexandria-based SBG acquired by Fla. company
Alexandria-based defense contractor SBG Technology Solutions Inc. has been acquired by Florida-based Document Storage Systems Inc. (DSS), the companies announced last week. The financial terms of the deal, which was completed Sept. 8, were not disclosed. SBG will operate as a wholly-owned subsidiary of DSS and expand the company’s capabilities for the Department of Veterans […]
Tegna confirms acquisition offers
Tysons-based broadcast and digital media corporation Tegna Inc. has received acquisition bids of more than $8 billion from Apollo Global Management Inc. and media mogul Byron Allen, according to media reports. The news comes more than a year after previous purchase proposals fell through in March 2020 amid the dawning of the coronavirus pandemic. Bloomberg […]
Peraton acquires aaS business of Herndon tech company
Herndon-based federal contractor Peraton Inc. acquired the as-a-service business of Herndon-based IT company ViON Corp., it announced Wednesday. Financial details of the transaction were not disclosed. Peraton acquired ViON’s cloud business and its employees, adding to its storage, computing and network capacity. The company also acquired the business’s contracts with the U.S. Departme[...]
Criterion Systems acquires Protas Solutions
Vienna-based Criterion Systems Inc. has acquired Reston-based Protas Solutions Inc., a government contractor providing data science, software engineering and management consulting services to the intelligence community. Financial terms of the deal were not publicly disclosed. Protas will operate as a wholly-owned subsidiary of Criterion, a federal contractor specializing in cybersecurity and IT [...]
GTT completes $2B infrastructure sale
McLean-based telecommunications company GTT Communications Inc. finalized the sale of its infrastructure division to Miami-based I Squared Capital, the company announced Friday, allowing GTT to move forward on Chapter 11 bankruptcy. Although the financial details were not disclosed by the companies this week, the sale price was anticipated to be $2.15 billion in October 2020. According […]
Ellucian acquisition deal closes
The acquisition of Reston-based higher education software company Ellucian by investment firms Blackstone and Vista Equity Partners has been completed, the companies announced Wednesday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity acquired Ellucian from Texas-based TPG Capital and Los Angeles-based Leonard Green & Partners. “Toda[...]
Vienna-based Spire Global to buy Canadian company for $161.2M
Vienna-based space-focused data and analytics company Spire Global Inc. has entered into a $161.2 million deal to purchase exactEarth Ltd., a Canadian maritime data provider, the two companies announced Tuesday. Spire, which is set to close on the cash and stock purchase late this year or in early 2022, will operate Ontario-based exactEarth as a […]
Booz Allen acquires Fredericksburg-based Tracepoint
Fortune 500 global management consultant Booz Allen Hamilton Inc. has acquired Tracepoint, a Fredericksburg-based digital forensics and incident response (DFIR) company, Booz Allen announced Monday. Financial terms of the agreement were not disclosed. Baton-Rouge based Plexos Group LLC, Tracepoint CEO Chris Salsberry, Brett Anderson and Rob Driscoll co-founded Tracepoint in December 2019. Tracepoi[...]
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[...]
