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QXO completes $11B purchase of Beacon Roofing Supply
Beacon Roofing Supply, a Herndon Fortune 500 roofing material and building supplies company, is now a subsidiary of Connecticut software and tech business QXO after the closing of its $11 billion purchase Tuesday, QXO announced.
Deltek announces new chief marketing officer
Herndon-based software company and federal contractor Deltek announced Wednesday that it has appointed Dan Barnhardt as its chief marketing officer. “Dan’s creative and strategic approach to marketing will be instrumental as we sharpen Deltek’s voice and modernize how we engage in the market,” Deltek President and CEO Bob Hughes said in a statement. Barnhardt succeeds […]
Va. reports close to 300 layoffs across 3 bizs
A Fortune 500 federal contractor, a global aluminum company and a private school notified Virginia on March 31 of job cuts in compliance with the Worker Adjustment and Retraining Notification (WARN) Act. Leidos, which has its headquarters in Reston and provides technology, engineering and science services to defense, intelligence, civil and health customers, will lay […]
Dulles-based Nightwing acquires Herndon’s Roka Security
Dulles-based intelligence solutions company Nightwing announced Thursday that it has acquired cybersecurity services company Roka Security, which is based in Herndon. The companies did not disclose financial details in the announcement. Nightwing was previously the cybersecurity and intelligence division for Fortune Global 500 aerospace and defense contractor RTX, previously known as Raytheon Tech[...]
Virginia Fortune 500 company agrees to $11B buyout
Herndon-based Fortune 500 company Beacon Roofing Supply has agreed to an $11 billion buyout by Connecticut software and professional services company QXO after previously rebuffing a slightly lower offer from the same suitor. The two businesses have entered into a definitive merger agreement with QXO purchasing the building supply company for $124.35 per share in […]
Beacon Roofing is target of $11B acquisition bid
Herndon-based Fortune 500 company Beacon Roofing Supply is in discussions to be acquired by Connecticut software and tech services company QXO in a deal valued at about $11 billion. “It‘s not a done deal yet, but we’re in friendly discussions,” Joe Checkler, a spokesperson for QXO, said of the move to acquire Beacon, a roofing […]
Herndon tech distributor names new president
Four Inc., a Herndon distributor of technology products to the government, announced earlier this month that it has named a new president and CEO to replace former leader and co-founder Jeff Nolan, who is now executive vice chair of Four’s board. David Stewart, previously Four’s chief operating officer, began his new role Feb. 5, according […]
Herndon contractor to acquire NG division for $327M
Herndon tech and management contractor Serco Inc. has agreed to acquire Northrop Grumman’s mission training and satellite ground network communications software business (MT&S) for approximately $327 million. Serco Inc., a wholly owned subsidiary of United Kingdom-based Serco Group, announced the deal Wednesday, which is expected to close in mid-2025. MT&S provides the U.S. military [...]
Former Bush White House staffer named Akima VP
Rachael Duffy, a former assistant press secretary in President George W. Bush’s administration, has joined Herndon-based federal contractor Akima as vice president of marketing, communications and government relations. An Alaska Native corporation that handles federal contracts for the for-profit NANA Regional business owned by Indigenous Iñupiat shareholders, Akima has more than 10,000 emp[...]
Proposed $8.8B+ Pittsylvania data center campus hits roadblock
So many Pittsylvania County residents turned out to voice their — predominantly opposed — opinions regarding a proposed $8.8 billion-plus data center campus and natural gas power plant that a county planning commission meeting ran about five hours Tuesday, ending around 11:40 p.m. As the meeting neared its end, Steven Gould, the attorney representing Balico, […]
Herndon office building portfolio sells for $51M
A portfolio of four office buildings in Herndon sold for $51 million, Finmarc Management announced Thursday. Dubbed Dulles Corner, the four buildings comprise nearly 620,000 square feet of Class A office space. Located at the intersection of Dulles Toll Road and Virginia Route 28, the properties are: 2411 Dulles Corner Park, an eight-story, nearly 180,000-square-foot […]
Paragon Systems fined $52M for alleged fraud
Herndon-based federal contractor Paragon Systems agreed Tuesday to pay $52 million to resolve allegations by the U.S. Department of Justice that Paragon used its own subsidiaries to fraudulently win small business set-aside contracts, violating the federal False Claims and Anti-Kickback acts. The company is one of the federal government’s largest providers of security, fire and […]
