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SAIC to acquire Arlington-based tech contractor
Reston-based Fortune 500 government contractor Science Applications International Corp. (SAIC) has entered into a definitive agreement to acquire Arlington-based Halfaker and Associates LLC, a technology solutions provider to the federal government’s health, intelligence, defense and security sectors. Financial terms of the deal were not disclosed. “The addition of Halfaker’s pro[...]
W.Va.-based United Bankshares to acquire Essex Bank for $303M
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United Bank’s parent. After the companies announced the agreement Thursday, Community Bankers Trust’s stock rose 29.78% as of mid-afternoon to $11.94 per share and United Bankshares’ [...]
Sentara, Cone Health call off merger
Sentara Healthcare and Greensboro, North Carolina-based Cone Health have abandoned plans for a merger first announced in August 2020, according to a joint statement released Wednesday from the two health care systems. The Sentara Healthcare Board of Directors and the Cone Health Board of Trustees came to the mutual agreement to end affiliation plans late […]
Accenture Federal Services to acquire Novetta
Arlington-based Accenture Federal Services (AFS) has entered into an agreement to acquire Novetta, a McLean-based federal contractor specializing in advanced analytics, machine learning, cyber services and cloud engineering. Terms of the transaction, which is subject to regulatory review, were not disclosed in the announcement released Tuesday by AFS. With 1,300 employees, Novetta is a subsidiary[...]
Reston-based Qlarion acquired by Maryland contractor
Columbia, Maryland-based government contractor GCOM Software LLC announced Wednesday it has acquired Reston-based Qlarion Inc., a data analytics and business intelligence contractor. The purchase marks GCOM’s fifth acquisition since 2018 and its first acquisition of a data analytics company. “Liberating data will enable governments at all levels to make more informed decisions, creating be[...]
Checkered Flag Auto Group acquires Newport News dealership
Virginia Beach-based Checkered Flag Auto Group announced Tuesday that it has purchased the Pomoco Chrysler, Dodge, Jeep, Ram, Alfa Romeo and Fiat dealership in Newport News. The acquisition is the company’s first dealership on the peninsula and its first to include U.S. automotive brands. Checkered Flag Auto Group consists of 10 other dealerships in the […]
Richmond-based GPM Investments closes on ExpressStop purchase
Richmond-based GPM Investments LLC became the nation’s sixth-largest convenience store chain Wednesday, after closing on its acquisition of the ExpressStop chain, including 60 gas station convenience stores in Michigan and Ohio. Financial terms were not disclosed. The acquisition, which was announced in March, adds to GPM’s existing 165 stores in Michigan and nine in Ohio. […]
Tiger Fuel Co. acquires solar company Altenergy Inc.
Charlottesville-based Tiger Fuel Co. has completed its acquisition of solar energy company Altenergy Inc., which is also based in Charlottesville, the companies announced Tuesday. Financial terms were not disclosed. The purchase of the energy company follows more than two years of collaboration, in which Tiger partnered with Altenergy to power its convenience stores in Charlottesville […]
Leidos completes $380M Gibbs & Cox acquisition
Reston-based Fortune 500 government contractor Leidos has completed its $380 million, all-cash acquisition of Arlington-based engineering and design firm Gibbs & Cox, Leidos announced Friday. Gibbs & Cox, which specializes in naval architecture, marine engineering, management support and engineering consulting, has offices throughout the United States and Australia. It will operate as a wh[...]
UPDATED: Peraton completes $7.1B Perspecta acquisition
UPDATED MAY 7, 8:20 A.M. Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor Perspecta Inc. on Thursday, according to a news release from Peraton’s parent company, New York-based private investment firm Veritas Capital. The combined companies will be known as Peraton and will be overseen by [&hellip[...]
Serco completes $295M acquisition of Reston contractor
Herndon-based federal contractor Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) has completed its $295 million acquisition of Reston-based Whitney, Bradley & Brown (WBB) from an affiliate of Florida-based private equity firm H.I.G. Capital. The acquisition strengthens Serco’s program management services for its Department of Defense clients and enriches the companyR[...]
Arlington-based Higher Logic acquires Montreal’s Vanilla
Arlington-based tech company Higher Logic has acquired Canadian cloud-based community software company Vanilla. Vanilla was owned by New York-based growth equity investment firm Level Equity. Financial details of the acquisition were not disclosed. Founded in 2007, Higher Logic offers a community engagement software platform aimed at associations and the corporate B2B market. With the acquisition [...]
