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Beacon Roofing is target of $11B acquisition bid
Herndon-based Fortune 500 company Beacon Roofing Supply is in discussions to be acquired by Connecticut software and tech services company QXO in a deal valued at about $11 billion. “It‘s not a done deal yet, but we’re in friendly discussions,” Joe Checkler, a spokesperson for QXO, said of the move to acquire Beacon, a roofing […]
Introducing Behind the Deal: A new feature for showcasing your business deals
Virginia Business and BridgeTower Media are pleased to introduce our new BTM Behind the Deal program, which will allow Virginia law firms and other organizations to spotlight their successful business deals — mergers, acquisitions, divestitures, financings, initial public offerings, etc. — for the local legal and business community. 2025 is expected to be a strong […]
Sauer Brands acquired by Boston firm; new CEO named
A Boston private equity company completed its purchase of Richmond-based Sauer Brands, which produces Duke’s Mayo, Sauer spices and other food products, the companies announced Wednesday. With the change in ownership comes a new CEO for Sauer. E. Yuri Hermida, most recently executive vice president and chief growth and strategy officer for alcoholic beverage company […]
Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]
Tysons’ Alarm.com buys stake in remote video monitoring company
Alarm.com has acquired a majority stake in CHeKT, a Louisiana-based cloud platform for remote video monitoring services, according to a Tuesday announcement by the Tysons home security tech company. Financial terms of the deal were not disclosed. According to Alarm.com, the acquisition strengthens its “market opportunity in the emerging professional video monitoring space.” Moving forward, [&h[...]
ASGN to acquire Chicago employment tech firm for $340M
Fortune 1000 IT and professional staffing services firm ASGN has signed a definitive agreement to acquire Chicago-based employment tech consultancy TopBloc for $340 million, the Henrico County-based company announced Tuesday. The transaction in cash and equity is expected to close in the first quarter of the year, subject to closing conditions. “The acquisition of TopBloc […]
$1.6B Atlantic Union purchase of Sandy Spring Bank clears main hurdles
The parent companies of Atlantic Union Bank and Sandy Spring Bank have cleared the last major hurdles to the Richmond bank’s $1.6 billion all-stock purchase of Sandy Spring, headquartered in Maryland. The shareholders of Atlantic Union Bankshares and stockholders of Sandy Spring Bancorp approved the merger, first announced in October 2024, in their separate special […]
Unanet acquires D.C. AI firm
Dulles-based software company Unanet has acquired Washington, D.C.-based GovPro AI, Unanet announced Friday. Unanet did not disclose financial details of the transaction, which it completed in November. Unanet provides project-based enterprise resource planning and customer relationship management software solutions for government contractors and the architecture, engineering and construction indu[...]
Coldwell Banker Premier acquires Hampton Roads Coldwell affiliate
Winchester-based Coldwell Banker Premier has acquired Virginia Beach-based Coldwell Banker Now, merging into a brokerage with a combined $600 million sales volume in 2023. Coldwell Banker Premier did not disclose financial details of the merger, which it announced Monday. The combined real estate company is the second-fastest growing Coldwell Banker franchise in the nation over […]
Glen Allen’s Snagajob is acquired by Boston’s JobGet
JobGet, a Boston-based hourly jobs listings platform, last week announced that it has acquired rival Snagajob in Glen Allen. The financial terms of the deal were not disclosed, according to Tony Liu, cofounder and CEO of JobGet. Snagajob will operate as a standalone entity within JobGet, creating the United States’ largest hourly workforce job platform. […]
Atlantic Union to buy Maryland’s Sandy Spring Bank for $1.6B
Atlantic Union Bank is expanding further into Northern Virginia and Maryland with the $1.6 billion purchase of Maryland’s Sandy Spring Bank, an acquisition announced Monday. The two banks’ parent companies, Atlantic Union Bankshares and Sandy Spring Bancorp, have entered into a merger agreement that would create a combined bank with $39.2 billion in assets as […]
TowneBank to acquire Village Bank for $120M
Suffolk-based TowneBank has signed a definitive agreement to acquire Midlothian’s Village Bank and its parent company, Village Bank and Trust Financial, a deal worth approximately $120 million, the banks announced Tuesday. “Our TowneBank family is humbled and excited to partner with Village Bank and its team members,” TowneBank Executive Chairman G. Robert Aston Jr. said […]
