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Puritan Cleaners acquires HandCraft Cleaners
Richmond-based dry-cleaning business Puritan Cleaners has acquired HandCraft Cleaners, another Richmond-based, family-owned dry-cleaning company, the businesses announced Thursday. Terms of the transaction were not disclosed. “We are extremely pleased to welcome HandCraft Cleaners’ customers to the Puritan Cleaners family and are honored to have the opportunity to continue to provide them with[...]
UK software company buys Chesterfield’s Mapcom Systems
Chesterfield County-based telecommunications software company Mapcom Systems announced Tuesday that it has been acquired by United Kingdom-based geographic software company VertiGIS. Financial terms of the transaction were not disclosed. “Mapcom’s customer-centric approach to digitalizing processes and solving challenges with location technology matches well with ours,” VertiGIS Presiden[...]
McLean defense contractor buys Reston software company
McLean-based defense contractor E3/Sentinel LLC announced Monday it has acquired Reston-based Lucid Perspectives, a software and systems engineering company. This is E3/Sentinel’s fifth acquisition in the past two years. Financial terms of the transaction were not disclosed. E3/Sentinel acquired Data Works in August 2019, and under this acquisition, Lucid’s operations will be combined with[...]
Charlottesville energy companies move toward merger
Charlottesville-based energy company Tiger Fuel Co. announced Friday it has acquired 40% of the shares of Altenergy Inc., which is also based in Charlottesville — a first step in the acquisition of Altenergy to be completed in March 2021. “Altenergy and Tiger share a common commitment to doing the right thing for our customers, our […]
Vienna-based OnLocation Inc. acquired by KeyLogic Systems
Vienna-based OnLocation Inc. has been acquired by KeyLogic Systems Inc., a subsidiary of McLean-based IIA Technologies Corp., the companies announced Wednesday. Financial terms of the transaction were not released. KeyLogic Systems is a Morgantown, West Virginia-based company that provides energy, data and power grid services to government agencies. OnLocation is an information and analytics com[...]
Va. Beach-based DroneUp acquires AeroVista Innovations
Virginia Beach-based end-to-end drone pilot service company DroneUp LLC announced Thursday it has acquired Glenview, Illinois-based AeroVista Innovations LLC (AVI). The merged company will rebrand as The DroneUp Training Academy. DroneUp acquired AVI’s assets, employees and customer contracts. Financial terms of the transaction were not disclosed. AVI was founded in 2016 and provides in-ho[...]
Morgan Stanley to acquire E-Trade for $13B
New York City-based wealth management company Morgan Stanley will acquire Arlington-based E-Trade Financial Corp. under a $13 billion definitive agreement expected to close in the fourth quarter of this year, the companies announced Thursday. E-Trade stockholders will receive 1.0432 Morgan Stanley stares for each of their E-Trade shares as a result of the acquisition, which […]
Carter Machinery Co. Inc. acquires Baltimore tractor company
Salem-based Carter Machinery Co. Inc., an independent dealer of Caterpillar Inc. equipment, entered into an agreement to acquire Baltimore-based Alban Tractor Co. Inc. effective Feb. 4, the company announced Wednesday. Financial terms of the acquisition were not disclosed. Carter Machinery will become the Caterpillar dealer in a territory that will now include Northern Virginia, Washington, [&he[...]
Leidos to acquire L3Harris Technologies’ security detection, automation biz for $1B
Reston-based government contractor Leidos will acquire L3Harris Technologies’ Security Detection and Automation businesses for $1 billion in cash in a deal that is expected to close in the second quarter of 2020, the company announced Tuesday. The boards of directors for both companies unanimously approved the transaction. Headquartered in Tewksbury, Massachusetts, and Luton, England, the [&hell[...]
Richmond and Seattle moving companies merge
Richmond-based WayForth, a home moving management service, has merged with Seattle’s Livible, which provides on-demand moving and storage services. The merger of equals was announced Tuesday, and the combined companies will be known as WayForth Inc. and will have more than 400 employees. WayForth co-founder Craig Shealy remains CEO of the new business, and Livible […]
The Hilb Group acquires Maryland insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Wednesday the acquisition of Maryland-based Martens Johnson Insurance Agency Inc. The transaction that took effect Jan.1. Financial terms of the acquisition were not disclosed. Martens Johnson is a full-service insurance agency specializing in serving the commercial transportation industry. THG —a portfolio company of Wash[...]
The Hilb Group acquires New York brokerage
Henrico County-based insurance company The Hilb Group LLC (THG) acquired Brooklyn, New York City-based independent brokerage BR Vital Brokerage Inc. (BRV) in a transaction that took effect Jan.1, the company announced Tuesday. Financial terms of the acquisition were not disclosed. BRV specializes in property and casualty insurance for medical professionals. THG —a portfolio company of […]
