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TowneBank acquires Tennessee cabin rental company
Suffolk-based TowneBank acquired Tennessee-based vacation property rental company Venture Resorts Inc. on July 1, the bank announced Monday. Financial details of the transaction were not disclosed. “This is an exciting development for Towne Vacations,” Brian Skinner, president and CEO of Towne Financial Services Group, the division that oversees the bank’s vacation property management ac[...]
Intrepid Solutions acquires defense contractor Darkblade Systems
Herndon-based intelligence contractor Intrepid Solutions and Services LLC has acquired Darkblade Systems Corp., a Winchester-based federal defense contractor, it announced Wednesday. Financial details of the transaction were not disclosed. Intrepid CEO Ryan Hebert said in a statement: “Welcoming Darkblade Systems into the Intrepid family is a transformative moment for us, and one that will great[...]
Octo acquires Volant Associates, creating new division
Reston-based government contractor Octo Consulting Group has acquired Volant Associates, a Chantilly-based defense software development company, it announced Tuesday. Financial details of the transaction were not disclosed. Volant has contracts supporting the Defense Intelligence Agency and other U.S. intelligence community agencies and created the Defense Intelligence Information Enterprise Commo[...]
Altria to sell winemaking division for $1.2B
Henrico County based Altria Group Inc. announced Friday that it has entered into a definitive agreement to sell its Ste. Michelle Wine Estates winemaking division for $1.2 billion to New York-based private equity firm Sycamore Partners Management LP in an all-cash deal. The deal is expected to close by the end of this year. The […]
Huntington Ingalls Industries to acquire Alion in $1.65B deal
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries will acquire McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital in a $1.65 billion, all-cash deal, HII announced in a news release Tuesday. The deal is expected to close by the end of this year, with Alion becoming part of HII’s Technical Solutions […]
Reston’s Trucker Tools acquired by Calif. tech firm
Reston-based Trucker Tools, a software company that provides a digital freight management platform for the transportation industry, has been acquired by Walnut Creek, California-based software company ASG. Financial details of the transaction were not disclosed. Founded in 2013, Trucker Tools offers a software suite with capacity management, predictive freight matching, automated booking, real-tim[...]
Chantilly-based CTSI acquires N.C. A/V company
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) announced Tuesday that it has acquired Morrisville, North Carolina-based Collaborative Technology Solutions LLC (CTS), a provider of audiovisual, security, structured cabling and sound-masking services. Financial details of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wi[...]
Reston’s LookingGlass Cyber Solutions acquires Texas tech firm
Reston-based cybersecurity contractor LookingGlass Cyber Solutions Inc. has acquired Austin, Texas-based AlphaWave Inc., a cloud-native tech company that provides attack surface management services. Financial details of the transaction were not disclosed. In a news release, LookingGlass said the transaction will complement the Reston company’s existing cybersecurity services for federal and [...]
Reston-based Ellucian to be acquired by Blackstone and Vista Equity Partners
Investment firms Blackstone and Vista Equity Partners have reached an agreement to acquire Reston-based higher education software company Ellucian, according to an announcement from the companies released Monday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity are acquiring Ellucian from Texas-based TPG Capital and Los Angeles-based Leonard Gr[...]
Parsons to purchase BlackHorse Solutions for $203M
Centreville-based Parsons Corp. announced Thursday it has entered into a definitive agreement to acquire Herndon-headquartered BlackHorse Solutions Inc. for $203 million. The transaction is expected to close in July. BlackHorse, founded in 2018, works in the areas of cyber, digital operations, artificial intelligence, machine learning and full-spectrum operations, and Parsons plans to integrate th[...]
Wytheville’s Two-Way Radio acquired by S.C. company
Two-Way Radio Inc., a Wytheville-based provider of communications systems and devices for public safety and industrial clients, has been acquired by Spartanburg, South Carolina-based Mobile Communications America Inc. (MCA). Financial terms of the deal were not disclosed. Both companies are Motorola dealers. Founded in 1948, Two-Way serves clients in Southwest Virginia, West Virginia, Tennessee, N[...]
Dewberry acquires Alabama engineering firm
Fairfax-based professional services firm Dewberry has acquired Birmingham, Alabama-based Edmonds Engineering. A mechanical, electrical and plumbing design and facilities engineering company, Edmonds has 75 employees and five offices in Alabama, Mississippi and Tennessee. The new subsidiary will be branded as Dewberry | Edmonds and will continue operating under its existing leadership. Financial te[...]
