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M&A

Winchester cabinet manufacturer closing Orange plant
Aug 25, 2025

MasterBrand to acquire American Woodmark in $3.6B deal

MasterBrand plans to acquire Winchester-based cabinet manufacturer American Woodmark in an all-stock merger.

FILE - Shoppers walk in the lot of a Lowe's home improvement store in Philadelphia, Wednesday, Nov. 17, 2021. (AP Photo/Matt Rourke, File)
Aug 20, 2025

Lowe’s to buy Foundation Building Materials for $8.8 billion

Lowe’s is acquiring Foundation Building Materials for $8.8 billion, strengthening its push into the professional builder market as it battles Home Depot.

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Aug 19, 2025

TowneBank to acquire N.C. bank for $476M

Suffolk-based TowneBank announced Tuesday that it has signed an agreement to acquire North Carolina-based Dogwood State Bank for about $475 million.

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Aug 15, 2025

TowneBank to close on $203M Old Point deal Sept. 1

TowneBank will acquire Old Point Financial in a $203M deal closing Sept. 1, expanding its market share in Hampton Roads

FILE- In this April 21, 2008 file photo, Hanes underwear is seen on display at a store in Charlotte, N.C. (AP Photo/Chuck Burton, file)
Aug 13, 2025

Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion

Gildan Activewear is acquiring HanesBrands for $2.2B, gaining brands like Hanes and Maidenform as the apparel maker faces years of declining sales.

SES Space & Defense announces new CEO
Jul 22, 2025

SES Space & Defense announces new CEO

Reston-based satellite company SES Space & Defense announced Tuesday that it has appointed David Broadbent as president and CEO.

SES completes $3.1B Intelsat purchase
Jul 17, 2025

SES completes $3.1B Intelsat purchase

SES announced Thursday that it has completed its $3.1 billion acquisition of McLean-based satellite services provider Intelsat.

Ferrero to Acquire WK Kellogg in $3.1B Cereal Deal
Jul 10, 2025

Ferrero to Acquire WK Kellogg in $3.1B Cereal Deal

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast […]

Lockheed Martin. AdobeStock
Jul 8, 2025

Amentum completes sale of Rapid Solutions for $360M

Amentum has completed the sale of its hardware and product business, Rapid Solutions, to Lockheed Martin for $360 million.

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Jul 8, 2025

CohnReznick acquires Henrico CPA firm

CohnReznick announced Tuesday that it has acquired Glen Allen-based certified public accountant firm Piascik & Associates.

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Jul 2, 2025

Parsons acquires CTI for $89M

Parsons announced Tuesday that it has acquired Maryland-based Chesapeake Technology International for $89 million.

Schewels Home acquired Petersburg-based Butterworth's Furniture. Photo courtesy Schewels Home.
Jun 18, 2025

Schewels Home acquires 100-year-old Petersburg retailer

Lynchburg retailer Schewels Home announced that it acquired Petersburg-based Butterworth’s Furniture, which has been in business since 1925.

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