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Va. Beach-based Fortis acquires Illinois packaging company
Virginia Beach-based packaging manufacturer Fortis Solutions Group LLC has acquired Montgomery, Illinois-based Identi-Graphics Inc., the company announced Tuesday in a news release. Terms of the deal were not disclosed. Identi-Graphics manufactures pressure-sensitive labels and flexible packaging for the snack, bakery, cosmetic and chemical markets in the United States and Canada. It specializes i[...]
DISYS acquires Illinois-based MAKE Corp.
McLean-based staffing firm Digital Intelligence Systems LLC (DISYS) has agreed to acquire MAKE Corp., an Illinois-based information technology staffing company, according to a news release. The move is part of DISYS’ growth strategy and will allow the company to expand staffing offerings in banking and financial services, health, manufacturing and retail, the company said. Terms of [&hellip[...]
CarLotz to merge with San Francisco’s Shift
Richmond-based CarLotz Inc., the nation’s largest consignment-to-retail used vehicle business, will merge with San Francisco-based Shift Technologies Inc., a similar platform on the West Coast, the companies announced Tuesday. The companies will combine in a stock-for-stock merger, according to a news release and will trade on Nasdaq under SFT. At the close, the new company […]
SES completes $450M purchase of Leonardo DRS satellite biz
Reston-based satellite telecommunications company SES Government Solutions has completed its $450 million acquisition of Arlington-based Leonardo DRS Inc.’s Global Enterprise Solutions satellite communications subsidiary following receiving regulatory approval. SES Government Solutions, a subsidiary of the Luxembourg-based satellite telecommunications network company, announced the deal̵[...]
Carsales.com to fully acquire Trader Interactive
Australian online auto sales forum Carsales.com Ltd. plans to acquire the remaining 51% of Norfolk-based Trader Interactive from Eurozeo and Goldman Sachs Asset Management for $839.14 million, the companies announced this week. Carsales.com bought 49% of Trader Interactive in August 2021 for $624 million and will now own the company in its entirety, funding the […]
Bowman Consulting Group acquires Pa. firm for $18M
Reston-based Bowman Consulting Group Ltd. has closed its $18.5 million acquisition of Pennsylvania-based transportation engineering and planning firm McMahon Associates Inc., the company announced May 5. The sale was financed through a combination of cash, seller notes and common stock, Bowman spokesperson Carolyn Artman said. McMahon focuses on transportation projects and has more than 200 [&hell[...]
Woods Rogers, Vandeventer Black law firms to merge July 1
Woods Rogers PLC and Vandeventer Black LLP announced Wednesday that the two law firms have agreed to merge as Woods Rogers Vandeventer Black, creating the state’s fifth-largest firm, with more than 130 attorneys and a total workforce of 250 people. The merger will go into effect July 1. Daniel Summerlin, president of Roanoke-based Woods Rogers, […]
Ellucian closes acquisition of CampusLogic
Reston-based higher education software company Ellucian Inc. has completed its acquisition of Chandler, Arizona-based financial aid software provider CampusLogic Inc, Ellucian announced Tuesday. The deal was first announced in January. Financial details were not disclosed. Campus Logic is a software-as-a-service (SaaS) company that provides financial aid tools and platforms for colleges and univer[...]
Booz Allen to acquire Reston-based cyber firm
McLean-based global management consultant Booz Allen Hamilton Inc. announced Wednesday that it plans to acquire EverWatch, a Reston-based government solutions contractor. Terms of the deal were not disclosed. The deal will allow Booz Allen to speed delivery of classified software development and analytics capabilities for national security clients and complements its artificial intelligence and c[...]
Stronger together
Bank acquisitions and mergers, particularly among Virginia’s community banks, continued apace in 2021. Banks sought scale for efficiency and flexibility, as well as to acquire resources in anticipation of potential new government regulation. “The recurring theme in bank mergers is scale,” Bruce Whitehurst, president and CEO of the Virginia Bankers Association, told Virginia Business in [&hel[...]
Amentum seals deal on $1.9B PAE acquisition
The $1.9 billion, all-cash acquisition of Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) by an affiliate of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc. has closed, the two companies have announced. The deal, which closed Feb. 15, was first announced in October 2021 and PAE’s stockholders voted to approve the deal [&hel[...]
CTSI acquires N.C. tech firm
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) has acquired Knightdale, North Carolina-based Systems Electronics Inc., the company announced Jan. 20. Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners and this makes CTSI’s eighth transaction since it was acquired by Wind Point [[...]
