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Charlottesville’s MicroGEM acquires engineering company for COVID-19 test manufacturing
Charlottesville-based molecular diagnostics company MicroGEM announced Thursday it has acquired New Hampshire-based engineering company Jump Start Manufacturing LLC. Financial terms of the transaction were not disclosed, but the acquisition will allow MicroGEM to “rapidly scale” production of its SARS-CoV-2 (COVID-19) testing system, which is designed to detect the virus in both symptomatic an[...]
NYC investment firm acquires controlling interest in Reston tech startup
New York City-based Tracker Capital Management LLC announced Monday that one of its affiliates has acquired a controlling interest in Reston-based tech startup Presage Security. Financial terms of the transaction were not disclosed. Presage works to apply machine learning and advanced mathematical processing to video imagery analysis for health care, security and authenticity verification. “Trac[...]
Va. Beach-based company to acquire pet supply chain for $700M
Virginia Beach-based franchise business operator Franchise Group Inc. announced Monday it will acquire Livonia, Michigan-based Pet Supplies Plus for approximately $700 million. The all-cash transaction is expected to close in March. The Pet Supplies Plus retail chain was founded in 1988 and sells pet supplies and services at its more than 500 locations, almost 60% […]
UPS to sell Richmond-based freight biz for $800M
Atlanta-based United Parcel Service Inc. will sell its Richmond-based UPS Freight unit to Canadian logistics company TFI International Inc. for $800 million, the package delivery company announced Monday. UPS Freight provides less-than-truckload (LTL) shipments (used for small freight transportation) across all 50 states, Mexico, Puerto Rico, the U.S. Virgin Islands and Guam. The UPS business [&he[...]
Herndon franchise software firm buys Canadian tech platform
Herndon-based franchise management software company FranConnect announced Tuesday it has acquired Quebec, Canada-based FranchiseBlast. Financial terms of the transaction were not disclosed. The FranConnect platform assists with sales, operations and marketing for more than 800 brands worldwide. FranchiseBlast is a developer of a software platform for the franchise industry which works to streaml[...]
Chantilly-based VTG acquires Fairfax’s Intelligent Shift
Chantilly-based engineering firm VTG announced Jan. 13 it has acquired Fairfax-based tech company Intelligent Shift. Financial terms of the transaction were not disclosed. VTG provides services for naval, aerospace and digital projects, while Intelligent Shift develops technology for U.S. intelligence organizations. The transaction will strengthen VTG’s systems, software and digital engineer[...]
The Hilb Group acquires Mich.-based agency
In its second acquisition announcement of the new year, Henrico County-based insurance company The Hilb Group LLC said Tuesday it has acquired Linwood, Michigan-based Owen Moore Insurance Agency, effective Dec. 31, 2020. Financial details of the acquisition were not disclosed. Founded in 1973, Owen Moore Insurance Agency (OMA) is a full-service property and casualty agency. […]
Mass.-based software company acquires Reston care management platform
Burlington, Massachusetts-based HealthEdge Software Inc. announced in late December that it has acquired Reston-based Altruista Health Inc. Financial terms of the acquisition were not disclosed. Founded in 2007, Altruista provides its cloud-based enterprise care management platform, GuidingCare, to approximately health care clients representing more than 16 million members. The platform streamline[...]
Leidos completes $215M acquisition of 1901 Group
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it has completed its $215 million cash acquisition of Reston-based information technology services company 1901 Group. The transaction was first announced on Dec. 10, 2020. “The addition of 1901 Group allows us to work together and leverage their impressive capabilities across the enterprise,” Leidos Chairma[...]
Estes subsidiary announces new warehousing company
Richmond-based freight forwarding company Estes Forwarding Worldwide (EFW) announced Thursday the establishment of EFW Warehousing LLC as a result of its acquisition of Lewis Logistics, a warehousing, distribution and logistics company. EFW is a wholly-owned subsidiary of Estes Express Lines and provides domestic and international freight forwarding and logistics services. EFW Warehousing will be [...]
CareerGig buys Charlottesville SaaS company
Arlington-based CareerGig announced Wednesday it has acquired Charlottesville-based software-as-a-service (SaaS) platform Moonlighting. Financial terms of the acquisition were not disclosed. CareerGig is also an SaaS platform that matches freelance and contract workers with employers and offers an insurance marketplace for health, life and disability insurance. Users also have access to educatio[...]
The Hilb Group acquires N.C.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired Maiden, North Carolina-based insurance agency Dwayne Wilson Insurance & Financial Services Inc., effective Dec. 31. Financial details of the acquisition were not disclosed. Founded in 1985, DWI is a full-service life and health agency. It provides insurance products to employer groups and […]
