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Hilb Group acquires Ga. insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on our customers,” Ed Gillman, Gillman Insurance’s founder and [...]
Arko closes Pride convenience stores deal
Arko Corp., a Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC, has closed on its acquisition of Pride Convenience Holdings LLC, which operates 30 Pride convenience stores in Massachusetts and one in Connecticut. The deal was first announced in October. The $230 million acquisition, plus the value of inventory, brings […]
Arko to buy Uncle’s convenience stores for $140M
Arko Corp., a Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC, announced Wednesday it has agreed to acquire the retail, wholesale and fleet fueling assets of Texas-based WTG Fuels Holdings LLC, the owner of Uncle’s convenience stores and Gascard fleet fueling operations. The $140.4 million acquisition, plus the value of […]
Henrico aims to become coastal internet hub
Henrico isn’t the new Ashburn, but the county does have 18% of the East Coast’s internet traffic coursing through it. That’s a product of QTS Data Centers’ network access point (NAP) at Henrico’s White Oak Technology Park, which connects to three subsea internet cables from Europe and South America that converge in Virginia Beach. In […]
Exceeding expectations
In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s president and CEO, as the region landed two “megaprojects” — […]
Exclusive: Capital Square adds co-CEO
Glen Allen-based real estate company Capital Square has promoted Whitson Huffman to co-CEO, the developer and sponsor of tax-advantaged real estate investments announced Monday. Huffman, 33, will co-lead the company with his father-in-law, Louis Rogers, founder and CEO of Capital Square, a fast-growing real estate investment fund sponsor and commercial real estate development company established [[...]
Va. officials woo chip manufacturers
U.S. Sen. Mark Warner and state and local economic development officials are vying to attract semiconductor chip manufacturing facilities to four Virginia industrial sites as the commonwealth gears up to fight for a piece of the financial pie from sweeping federal legislation that promises to ramp up chip production in the U.S. Representatives of Chesterfield, […]
ASGN acquires Mass. IT company for $350M
Henrico County-based IT and professional services provider ASGN Inc. announced last week that it has finalized its previously announced $350 million cash acquisition of GlideFast Consulting LLC. Founded in 2015, Waltham, Massachusetts-based GlideFast provides tailored solutions for the ServiceNow cloud computing platform, which helps companies manage digital workflows for enterprise operations. Gl[...]
Henrico Doctors’ Hospital names new chief medical officer
Dr. Ajit Singh is the new chief medical officer of Henrico Doctors’ Hospital, HCA Virginia Health System announced Wednesday. Henrico Doctors’ Hospital encompasses the Forest, Parham and Retreat campuses. “Ajit values teamwork and is passionate about providing best-in-class care to our patients,” Henrico Doctors’ Hospital CEO Ryan Jensen said in a statement. “We are fortuna[...]
Henrico assisted living facility to become affordable housing
Construction started this week on a $23 million project that will create 86 units of affordable housing in eastern Henrico County, Virginia Supportive Housing announced. Formerly an assisted living facility, Cool Lanes Commons, on the border of Richmond and Henrico, will create 80 one-bedroom apartments and six studio apartments for homeless and low-income people in […]
Capital Square names VP of marketing
Capital Square has promoted Sydney Hockaday to vice president of marketing, the Henrico County-based real estate investment firm announced May 9. Hockaday joined Capital Square in 2018 as the firm’s marketing coordinator and has been promoted three times, first to marketing manager in 2019, then to assistant vice president of marketing in 2021 and most […]
Hilb Group acquires Vt. insurance agency
Henrico County-based insurance company the Hilb Group LLC announced Thursday it has acquired Vermont-based Paige & Campbell Inc. and its subsidiary the Taylor-Palmer Agency. Financial terms of the transaction were not disclosed. “Paige & Campbell brings a long-standing history of expertise, a reputation of outstanding service and extensive relationships that represent a terrific matc[...]
