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Carlyle Group buys two Va. tech companies; forms Two Six Technologies
An affiliate of Washington, D.C.-based global investment firm The Carlyle Group has acquired Virginia tech companies IST Research and Two Six Labs to form Two Six Technologies Inc., which will provide tech services to the intelligence community, the Department of Defense and other national security customers. Financial terms of the acquisitions were not disclosed, but […]
Fredericksburg medical office building sells for $2.6M
A medical office building in Fredericksburg sold for $2.6 million, Cushman & Wakefield | Thalhimer announced Wednesday. Nashville-based real estate private equity firm Excelsior Capital Group LLC purchased the 13,786-square-foot property from DJK Properties as an investment. Located at 1011 Care Way, the building sits on the Mary Washington Hospital Campus. Two Mary Washington Hospital [&hel[...]
These 16 Va. companies received $10M PPP loans
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of[...]
ASGN Inc. buys Fredericksburg data science firm
ASGN Inc., which is moving its headquarters from California to Henrico County this month, announced Tuesday it has acquired Fredericksburg-based remote sensing and data science provider Skyris Inc. Terms of the transaction were not disclosed. ASGN is the parent company of Glen Allen-based recruiting firm Apex Systems LLC. The acquisition will allow ASGN to provide […]
Newsroom jobs eliminated at Free Lance-Star, News & Advance
Two more Virginia newspapers — The Free Lance-Star in Fredericksburg and The News & Advance in Lynchburg — have dismissed employees, following newsroom layoffs last week at three other publications owned by Lee Enterprises. Two editors, a page designer and two circulation clerks have been laid off at The News & Advance. Their jobs were […]
Fredericksburg firm lands $55M Navy contract
The U.S. Naval Surface Warfare Center Dahlgren Division (NSWCDD) awarded a $55 million contract to Fredericksburg-based engineering and technology contractor SimVentions Inc. to provide systems engineering and software development services, the company announced Friday. Under the five-year contract, SimVentions will work on the Track Management Engineering Analysis and Support system out of the NS[...]
Mary Washington renames academic hall for civil rights leader James Farmer
The University of Mary Washington Board of Visitors voted Friday to change the name of an academic building to James Farmer Hall, after James L. Farmer Jr., the civil rights activist who planned the first Freedom Riders protest in 1961 through the South, desegregating buses and encountering violence. Farmer, a native of Texas who lived […]
GSA awards Fredericksburg company $66M contract
The U.S. General Services Administration (GSA) awarded a $66 million contract to Fredericksburg-based information technology company IST Research LLC to perform large-scale data collection. The funding comes from the GSA’s Phase III SBIR (Small Business Innovative Research) contract and will run through June 2025. IST Research will support information collection operations for the federal go[...]
Virginia gets new digits
On Wednesday, the Virginia State Corporation Commission (SCC) announced that the North American Numbering Plan Administrator has assigned a new area code, 826, to relieve future exhaustion of the 540 area code, which is expected to occur in 2022. Residents and businesses in the affected region will not lose their existing 540 phone numbers under […]
Rappahannock Electric Cooperative CEO to retire
Fredericksburg-based Rappahannock Electric Cooperative (REC) announced Tuesday that president and CEO Kent D. Farmer, who has served since 2004, will retire Aug. 1. He has been with the company for a total of 41 years. “It has been my honor and privilege to lead REC and to serve its membership for the past 16 years,” […]
Reopening weekend largely positive for restaurants
Reopening weekend was largely positive for restaurants and other businesses in Virginia localities that entered Phase One of Gov. Northam’s Forward Virginia plan on Friday. “It was actually very busy,” said Brad Smith, general manager of Quaker Steak & Lube on Bristol’s State Street. “We were busy to the capacity we could be.” Smith had […]
Fredericksburg industrial buildings sell for $4.14M
Manassas Park-based Juliad Holdings LLC purchased two warehouse/industrial buildings in Fredericksburg for $4.14 million, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. announced Monday. The buildings comprise 51,000 square feet in Juliad Court, approximately one mile from state Route 17 and Interstate 95, and were leased to four tenants at the time of the […]
