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McLean’s Iridium to purchase Satelles
McLean-based Iridium Communications, a global satellite communications company, has entered into an agreement to acquire Satelles, a Reston-based provider of satellite-based time and location services that serve as a backup for GPS and other global navigation satellite systems (GNSS), Iridium announced Monday. Satelles’ positioning, navigation and timing (PNT) service is known as Satellite T[...]
Charlottesville’s Astraea acquired by Fla. satellite company
Astraea, a Charlottesville-based geospatial analytics firm, has been acquired by Nuview, a Florida-based company developing a satellite imaging constellation, the companies announced Tuesday. Financial terms of the deal were not available. Founded as a for-profit benefit corporation in 2016, Astraea applies data science and artificial intelligence to analyze imaging and sensor data gathered from E[...]
Atlantic Union acquisition of American National approved
Richmond-based Atlantic Union Bank’s parent company announced Monday that the Federal Reserve’s Board of Governors has approved its acquisition of Danville-based American National Bankshares, holding company of American National Bank and Trust. The Fed’s signoff was the last regulatory approval needed for the merger — announced in July 2023 — to close on April 1, […]
BAE Systems closes $5.6B acquisition of Ball Aerospace
Falls Church-based BAE Systems Inc., the U.S. arm of the British defense giant BAE Systems, has completed its $5.6 billion acquisition of Colorado-based Ball Aerospace from Ball Corp. BAE Systems announced Feb. 14 it earned the necessary regulatory approvals and followed that with a Feb. 16 announcement of the deal’s completion. The company first announced […]
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 […]
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, [&[...]
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[...]
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[...]
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 […]
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[...]
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 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 […]
