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acquisition

Capital One CEO Richard Fairbank stands in front of the company's McLean headquarters. Photo courtesy Capital One Financial
Feb 19, 2024

Capital One to buy Discover in $35.3B deal

UPDATED 8:35 P.M. Feb. 19 McLean-based Capital One Financial is buying Discover Financial Services for $35.3 billion in an all-stock deal that marks Capital One’s largest ever acquisition, the two credit card giants announced Monday evening. Under the terms of the acquisition agreement, Discover shareholders will receive 1.0192 Capital One shares for each share of […]

Feb 13, 2024

BlueHalo nears $1B in annual revenue with acquisition

Arlington-based tech contractor BlueHalo announced Tuesday it plans to acquire Maryland-based Eqlipse Technologies, a purchase that the company expects to bring its annual revenue to nearly $1 billion.  Eqlipse and BlueHalo are both portfolio companies of Arlington Capital Partners, and together, the combined company will have 2,400 employees, including 200 doctorate holders, across 11 states, [&[...]

Jan 25, 2024

Babel Street acquires Ohio data insights firm

Reston-based data analytics and threat intelligence tech company Babel Street has acquired Vertical Knowledge, a data products, insights and intelligence company based in Chagrin Falls, Ohio. The acquisition — which has already closed — expands Babel Street’s data sourcing, enrichment and analysis capabilities, according to a news release from the two companies. Babel Street has [&hellip[...]

Jan 9, 2024

Ferguson acquires 3 companies

U.K. plumbing and heating products distributor Ferguson plc has agreed to acquire two North American companies and closed on a third acquisition, the company announced Tuesday. Ferguson plc is the parent company of Newport News-based plumbing, HVAC and industrial product distributor Ferguson Enterprises. Ferguson has agreed to acquire Toronto-based Yorkwest Plumbing Supply, a distributor of [&hell[...]

Todd Stottlemyer. Photo courtesy CNSI
Jan 4, 2024

Acentra Health acquires workplace mental health biz

McLean-based health care solutions company Acentra Health announced Thursday that it has acquired EAP Consultants, a workplace mental health company known as Espyr that is based in Marietta, Georgia. Terms of the deal were not disclosed. Owned by Carlyle Group, Acentra was formed after its predecessor Client Network Services Inc. (CNSI) merged with health care […]

Jan 3, 2024

Richmond biotech company to buy contraceptive biz for $100M

Aditxt, a biotech company based in Richmond, expects to purchase California-based contraceptive maker Evofem Biosciences for $100 million, taking on the business’s debt of up to $18 million, according to Aditxt’s announcement. Both companies’ boards have unanimously approved the acquisition, which is expected to close in the first half of the year. Evofem produces Phexxi, [&helli[...]

Dec 28, 2023

HawkEye 360 acquires RF Solutions

Herndon-based HawkEye 360 has acquired RF Solutions from Westminster, Colorado-based Maxar Intelligence, the satellite analytics company announced last week. Financial details of the transaction were not disclosed. It’s the first acquisition for HawkEye 360 and gives the company ownership of two new satellites, intellectual property and a data archive. The company now has a constellation [&h[...]

Sentara Princess Anne Hospital. Photo courtesy Sentara
Dec 5, 2023

Sentara takes sole ownership of Velocity Urgent Care

Sentara Health is now the sole owner of Velocity Urgent Care, the Norfolk-based health system announced Monday. In 2017, Sentara partnered with Velocity and transferred the operations of seven Sentara Urgent Care facilities to its joint venture with Velocity and a third party. Now Sentara, which declined to name the third party, is taking over […]

Nov 27, 2023

Bonaventure acquires Norfolk apartments for $42M

Alexandria-based real estate company Bonaventure has acquired Monticello Station, a Class A apartment building in downtown Norfolk, for $42 million, the company announced last week.  The 121-unit building at 328 Freemason St. has one-, two- and three-bedroom apartments. S.L. Nusbaum previously owned the property, according to Bonaventure.  Bonaventure will rename the building Attain Downtown Eas[...]

Nov 16, 2023

Mars to acquire British chocolatier for $662M

A subsidiary of McLean-based international candy and pet food manufacturer Mars, the largest privately held company in Virginia, has agreed to acquire Britain’s Hotel Chocolat for $662 million, Mars announced Thursday. Bidco, a wholly-owned subsidiary of Mars, will acquire Britain’s largest chocolate maker in a cash offer at 375 pence per share, or about $662 […]

Carpenter logo
Nov 15, 2023

Carpenter to acquire N.C. foam manufacturer

Richmond-based polyurethane foam manufacturer Carpenter has signed an agreement to acquire North Carolina-based NCFI Polyurethanes’ Consumer Products division, the company announced Wednesday. Carpenter declined to disclose financial terms of the transaction. The NCFI division has about 150 employees, who will join Carpenter’s 6,500-plus employees worldwide. With one location in Mount [...]

Nov 7, 2023

McLean tech firm Pangiam to sell to BigBear.ai for $70M

Columbia, Maryland-based BigBear.ai Holdings is acquiring Pangiam Intermediate Holdings, a McLean-based facial recognition and biometrics solutions provider for the trade, travel and digital identification industries, in a $70 million, all-stock deal, BigBear announced Monday. The move will combine Pangiam’s technologies with BigBear.ai’s computer vision capabilities and allow BigBear.[...]

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