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Charlottesville car dealerships acquired
Flow Automotive Cos. has completed its acquisition of five Umansky Automotive Group dealerships in Charlottesville, the company announced April 18. Terms of the deal were not disclosed. Flow’s acquisition includes locations selling Honda, Toyota, Subaru, Mercedes-Benz, Chrysler, Dodge, Jeep and Ram automotive brands, according to a news release. Flow currently has dealerships representing Au[...]
Fors Marsh acquires Fla. marketing firm
Arlington County-based market strategy and research firm Fors Marsh has acquired Florida-based marketing firm Brunet-García, the company announced April 5. Terms of the deal were not disclosed. Fors Marsh employs 420 researchers, advisers and communicators and serves federal clients such as the U.S. Department of Health and Human Services, the Department of Defense, the Department […]
Bowman acquires Maryland engineering firm
Reston-based Bowman Consulting Group Ltd. has acquired Rockville, Maryland-based Richter & Associates, a dry utility infrastructure engineering firm, the company announced Tuesday. Terms of the deal were not disclosed. Richter has 28 employees. The company works with private and public clients as well as utilities to design, develop and implement natural gas, electric and telecommunications [&[...]
Hurt & Proffitt acquires Gretna civil engineering firm
Lynchburg-based civil engineering firm Hurt & Proffitt (H&P) has acquired Gretna-based Reynolds-Clark Development, according to a news release. H&P Chief Financial Officer Matthew Leslie declined to disclose the value of the deal. The company has added Reynolds-Clark’s five employees to its workforce, bringing its total personnel to about 150. Reynolds-Clark will be now be known [...]
Mars to acquire Colorado pet care company for $1.2B
McLean-based global candy and pet food manufacturer Mars Inc. has entered into a definitive agreement to acquire Loveland, Colorado-based veterinary diagnostic and specialty product provider Heska Corp. in a deal valued at $1.2 billion, or $120 per share, the companies announced Monday. Heska will join Mars Petcare, expanding its science and diagnostics division. “This transaction […]
Arko tries to keep $1.4B TravelCenters of America bid alive
Updated 5:30 p.m. March 28 Henrico County-based Fortune 500 convenience store holding company Arko Corp. is rivaling British oil and gas giant BP in a $1.4 billion bid to acquire Westlake, Ohio-based TravelCenters of America Inc., a publicly traded convenience store chain with 281 retail stores and roadside restaurants in 44 states. On Monday, Arko […]
ASRC Federal to pay $350M for SAIC’s logistics biz
Reston-based Science Applications International Corp. (SAIC) has agreed to sell its logistics and supply chain management business to Reston-based ASRC Federal Holding Company LLC for $350 million in cash, both companies announced Thursday. About 240 SAIC employees will transition to ASRC Federal upon completion of the deal, which is expected to close in spring 2023. […]
Two Hampton Roads marketing agencies to merge
Norfolk-based WB Marketing’s parent company has acquired majority interest in Virginia Beach-based marketing and communications firm Meridian Group and will merge the two into one agency, Meridian Group announced Tuesday. Mike Matacunas from Norfolk-based private investment firm Five Hill Capital — WB Marketing’s parent — acquired the majority interest from Meridian Group founder J[...]
Parsons to acquire N.J. software company
Centreville-based Fortune 1000 defense contractor Parsons Corp. has entered into an agreement to acquire IPKeys Power Partners Inc., a New Jersey provider of enterprise software platform solutions, the company announced Tuesday. The $43 million acquisition is expected to close in the second quarter. IPKeys Power Partners delivers cyber and operational security to electric, water and […]
Metallica acquires Alexandria records maker
Master of puppets — and now master of vinyl record production, legendary heavy metal band Metallica has acquired a majority interest in Alexandria-based vinyl records maker Furnace Record Pressing. Financial terms of the transaction, which the two entities announced Tuesday, were not disclosed. “We couldn’t be more happy to take our partnership with Furnace … […]
Cvent to be acquired in $4.6B deal
Tysons-based meetings and events software company Cvent Holding Corp. has agreed to be acquired by New York-based private equity firm Blackstone in a deal valued at about $4.6 billion, the company announced Tuesday. Under the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52% to the volume weighted average […]
DXC rejects buyout proposal from Asian firm
Ashburn-based Fortune 500 company DXC Technology Inc. has ended buyout talks after a “financial sponsor” failed to raise enough capital, the company announced Monday. DXC was approached in late September 2022 after receiving interest from a private equity firm and worked with advisers on the potential takeover, the company confirmed in October. While DXC did […]
