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Primis Bank selling minority interest back to Southern Trust Mortgage
Glen Allen-based Primis Bank, a wholly-owned subsidiary of McLean-based Primis Financial Corp., entered into an agreement to sell its minority interest back to Virginia Beach-based Southern Trust Mortgage LLC (STM), it announced Thursday. Primis Financial Corp. expects to record a pre-tax charge of about $2.9 million in the third quarter. STM will repurchase all of […]
Hanover Harley Davidson building sells for $2.9M
A Hanover property that will become the new Peebles Golf Cars headquarters sold for $2.9 million, Colliers | Virginia announced Monday. Located at 10441 Washington Highway, the facility sits on 5.3 acres. Peebles Golf Cars will move its headquarters from Glen Allen to the 31,815-square-foot property. Old Washington Highway LLC bought the property from G […]
ASGN sells Oxford Global Resources for $525M
Glen Allen-based ASGN Inc. has sold its Oxford Global Resources LLC subsidiary to an affiliate of Miami-based private equity firm H.I.G. Capital for a total cash consideration of $525 million, ASGN announced Wednesday. Based in Massachusetts, Oxford is a staffing and consulting company with offices across North America. ASGN retained Sullivan & Cromwell LLP as […]
Central Virginia BBB CEO announces retirement
Barry N. Moore, president and CEO of the Glen Allen-based Better Business Bureau Serving Central Virginia, has announced his retirement after four years heading the nonprofit organization that rates and accredits businesses based on their market practices and trustworthiness. Richard Johnstone, chairman of the BBB-CV Board of Directors, said in a statement, “The board of […]
Kroger Co. names new president of mid-Atlantic division
The Kroger Co. has named Lori Raya as the president of its mid-Atlantic division, the grocery chain announced Tuesday. Raya was previously the chief merchandising and marketing officer for wholesale grocery distributor and retailer SpartanNash, which is headquartered in Michigan. From 2015 to 2018, Raya was division president for Albertsons Cos. Inc. From 2012 to […]
Va., Md., Del. electric coops association leader retires
Richard G. Johnstone Jr. handed over the reins of the Virginia, Maryland & Delaware Association of Electric Cooperatives this week, retiring after 36 years. Johnstone served as president and CEO of the 76-year-old, Glen-Allen based organization, which represents 15 member-owned electric cooperatives. His replacement, Brian S. Mosier, was announced in January and took over April […]
Va., Md., Del. electric cooperatives association names president, CEO
The board of directors of the Glen Allen-based Virginia, Maryland & Delaware Association of Electric Cooperatives (VMDAEC) announced Monday that Brian S. Mosier has been named president and CEO, effective April 1. He succeeds Richard G. Johnstone Jr., who is retiring after a 36-year career with the association. Mosier has been with VMDAEC since 2013 […]
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[...]
RetailData LLC names new president, CEO
Glen Allen-based RetailData LLC announced Wednesday that Jacob Blondin has been promoted to president and CEO, replacing Christopher F. Ferguson, who is retiring after more than 20 years with the company. Blondin most recently served as chief operating officer for the company, which he joined in 2015 as vice president of strategic initiatives. During his […]
Two Va. lawyers plead guilty in $200M extortion plot
Two Virginia lawyers have pleaded guilty to an extortion plot targeting a multinational chemicals company with demands for $200 million in “consulting fees,” according to a U.S. Department of Justice news release. Lawyers Timothy Litzenburg of Charlottesville, and Daniel Kincheloe of Glen Allen, both pleaded guilty June 19 in Charlottesville federal court. They face up […]
Markel to acquire newly merged company
A subsidiary of Henrico County-based Markel Corp., a specialty insurer and diversified financial holding company, will purchase Richmond-based Lansing Building Products and Harvey Building Products following the merger of the two companies, Lansing Building Products announced Monday. Financial terms of the agreement were not disclosed. Lansing Building Products is a national supplier of exterior[...]
