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mergers and acquisitions

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.

Mars to pump $2B into U.S. manufacturing
Jul 30, 2025

Mars to pump $2B into U.S. manufacturing

Mars announced on Tuesday that it plans to invest $2 billion in its U.S. manufacturing operations throughout the country by the end of 2026.

Chevron clears hurdle, seals $53B Hess acquisition
Jul 18, 2025

Chevron clears hurdle, seals $53B Hess acquisition

HOUSTON (AP) — Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of […]

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.

Mars announced plans to purchase Kellanova, whose products include Pringles, Eggo and Pop-Tarts, for $35.9 billion on Aug. 14, 2024. Image courtesy Kellanova
Jun 24, 2025

Report: EU set to launch antitrust probe of $35.9B Mars-Kellanova deal

The European Union's antitrust watchdog is expected to launch a full-scale investigation into Mars' $35.9 billion acquisition of Kellanova.

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.

Commence's headquarters in Virginia Beach. Photo courtesy Commence.
Jun 2, 2025

Doma Technologies, 2 other bizs merge to form health tech contractor

Doma Technologies, Livanta and Advanta Government Services have merged and rebranded as Commence, a health care tech contractor based in Virginia Beach.

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