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mergers and acquisitions

L to R: Ron Villacarillo, Leslie Griles, Lauren Sweeney and Meggan Adams make up the Dotted Line’s leadership team. Photo courtesy Dotted Line Agency
Oct 3, 2025

Dotted Line Agency acquires Richmond peer

Henrico County's Dotted Line Agency acquires Richmond’s The King Agency. Founder Dave King is retiring but will provide consulting services.

Democrats tie $6B Nexstar-Tegna deal to Jimmy Kimmel’s suspension
Sep 18, 2025

Democrats tie $6B Nexstar-Tegna deal to Jimmy Kimmel’s suspension

Congressional Democrats, including U.S. Sen. Tim Kaine, are tying ABC late night host Jimmy Kimmel's indefinite suspension on Wednesday to the $6.2 billion Nexstar-Tegna acquisition.

Retail | Wholesale
Sep 16, 2025

Virginia’s Performance Food Group exploring merger with US Foods

Performance Food Group has entered into an agreement with US Foods to begin sharing information, hinting at a possible merger.

cybersecurity art
Sep 12, 2025

American Systems acquires Epsilon, adds 400 employees

Chantilly-based government IT contractor American Systems announced that it has acquired North Carolina-based cybersecurity company Epsilon.

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Sep 2, 2025

TowneBank completes $203M acquisition of Old Point

TowneBank has closed its $203 million acquisition of Hampton-based Old Point National Bank of Phoebus and its parent company.

Kraft Heinz to split a decade after megafood merger
Sep 2, 2025

Kraft Heinz to split a decade after megafood merger

Kraft Heinz will split into two firms by 2026: one with Heinz, Philadelphia and Kraft Mac & Cheese, the other with Oscar Mayer, Singles and Lunchables.

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.

Keurig Dr Pepper buys Peet’s for $18 billion and plans split into coffee and beverage companies
Aug 25, 2025

Keurig Dr Pepper buys Peet’s for $18 billion and plans split into coffee and beverage companies

Keurig Dr Pepper to buy Peet’s Coffee owner JDE Peet’s for $18B, then split into separate coffee and beverage companies.

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.

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