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acquisition

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[...]

Wallops Island lifts off with Rocket Lab addition
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 […]

Bonaventure acquires Norfolk apartments for $42M
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[...]

Mars to acquire British chocolatier for $662M
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.[...]

Federal Contractors | Technology 2023: SCOTT McINTYRE
Nov 6, 2023

Bain Capital affiliate to acquire Guidehouse for $5.3B

Guidehouse has entered into an agreement to be acquired by a Bain Capital Private Equity affiliate for $5.3 billion, the McLean-based consultancy announced Monday. The investment will support Guidehouse’s growth plans, the company said, and it will continue to operate under its current management team, which is led by Chairman and CEO Scott McIntyre. Guidehouse […]

Nov 1, 2023

Fairfax AI firm acquired by Texas-based tech company

Fairfax-based ARInspect, a firm specializing in artificial intelligence products for public sector field operations, has been acquired by Texas software company Tyler Technologies, the companies announced Tuesday. Tyler declined to disclose the price and terms of the deal. Tyler will add ARInspect’s AI-powered platform to its portfolio and use the Fairfax company’s technology across it[...]

Oct 25, 2023

Shentel to acquire Ohio fiber company

Edinburg-based Shenandoah Telecommunications, better known as Shentel, plans to acquire Horizon Telcom for $385 million, the company announced Tuesday. Shentel will pay $305 million in cash and the rest in common stock. The transaction is expected to close in the first half of 2024. Ohio-based Horizon, founded in 1895, is a commercial fiber provider with […]

Oct 23, 2023

Urgent.ly merges with Israeli company, goes public

Vienna-based roadside assistance tech company Urgent.ly has merged with Israel-based Otonomo Technologies, another vehicle technology business, and the combined company publicly listed its stock on Nasdaq on Oct. 19. The all-stock acquisition — a reverse merger allowing the combined business to go public, as an alternative to a traditional initial public offering — was first […]

MindPetal to acquire VerticalApps
Oct 18, 2023

MindPetal to acquire VerticalApps

Vienna-based government contractor MindPetal has entered into an agreement to purchase Arlington County-based IT firm VerticalApps, the companies announced Tuesday. Financial details of the transaction were not disclosed. MindPetal and VerticalApps hope to become “a premier [artificial intelligence/machine learning] firm by accelerating intelligent automation and modernization programs with [...]

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