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Carilion Clinic CEO Agee announces retirement
After more than a decade at the helm of Carilion Clinic, Nancy Howell Agee plans to retire at the end of September, the health system announced Wednesday. Steve Arner, who was promoted to president in May 2023, will replace her as Carilion’s top executive, effective Oct. 1. Agee was born at Roanoke Memorial and later [&hel[...]
Owens & Minor leases new HQ in Henrico
Henrico County is getting a fifth Fortune 500 company. Global health care logistics and supply company Owens & Minor is moving from Hanover County to a new headquarters in Henrico’s Innsbrook Corporate Center. The company is leasing the fourth floor of the Highwoods One building at 10900 Nuckols Road, according to Will B[...]
Hitachi Energy plans $26M expansion in Halifax County
Hitachi Energy plans to invest $26 million into expanding its South Boston facility, that manufactures transformers, a move expected to create about 100 jobs, according to a news release the company shared with a few stakeholders in the Southern Virginia region in June. In April, Hitachi announced plans to invest over $1.5 bil[...]
Condair invests $57.2M on new Chesterfield County plant
Switzerland-based Condair Group, a manufacturer of commercial and industrial humidification systems, will invest $57.2 million to establish a new production facility in Chesterfield County that is expected to create 180 jobs, Gov. Glenn Youngkin announced Tuesday. The company will convert a pre-existing warehouse facility on 1[...]
Lester Group acquires Williamsburg building supply company
The Lester Group, a Martinsville-based company with a diverse portfolio including lumber products and real estate development, acquired Williamsburg-based Custom Builder Supply on June 3, the company announced earlier in June. Lester Group CEO Jay Dickens declined to release financial terms of the deal. Randy Cooper founded Cust[...]
Carry-On Trailer expands Westmoreland operation
Georgia-based Carry-On Trailer, a leading manufacturer of steel and utility trailers, will invest $9.2 million to increase capacity at its facility in Westmoreland County, Gov. Glenn Youngkin announced Tuesday. The project is expected to create 60 jobs. To meet increasing customer demand in the northeast, Carry-On Trailer plans [...]
Developers break ground on rent-restricted, solar-powered apartments
Developers broke ground May 30 on the The Helios, a $54 million, rent-restricted, solar-powered apartment building in Henrico County, according to an announcement by Bank of America, which is financing construction. A joint venture between Spy Rock Real Estate Group and Crescent Development, both based in Richmond, the apartment[...]
Montgomery manufacturer to invest $1.6M to increase capacity
ESS Technologies, which specializes in packaging line design, equipment manufacturing and integration for the pharmaceutical, nutraceutical, cosmetic and consumer packaging goods industries, will invest $1.6 million to increase capacity at a new facility in Montgomery County, Gov. Glenn Youngkin announced Wednesday. The new facility will be located in the former Jeld-Wen building on Scattergood Drive in Christiansburg, according[...]
McLean’s Iridium closes on Satelles deal
McLean-based Iridium Communications, a global satellite communications company, has completed its previously announced acquisition of Satelles, a Reston-based provider of satellite-based time and location services that assist GPS and global navigation satellite systems (GNSS), the company announced Tuesday. Iridium first announc[...]
RTX subsidiary lands $118M Army contract
The U.S. Army has finalized a contract potentially worth $118 million with Arlington County-based Raytheon, a subsidiary of RTX, to produce common sensor payloads, which will serve as “eyes” for an uncrewed aircraft system, the government announced Tuesday. The common sensor payloads, which will be used on California-based General Atomics Aeronautical Systems’ MQ-1C Gray Eagle, will […][...]
September 2023 Top Five stories
The top five most-read daily news stories on VirginiaBusiness.com from July 15 to Aug. 15 included news about Buc-ee’s planning to build a mega-convenience store in Rockingham County in 2025. It would be the chain’s second Virginia store, following a New Kent County store also slated to open in 2025. 1 | Plans revealed f[...]
HII leases space in National Landing
Newport News-based Huntington Ingalls Industries Inc. could soon add its name to a building in Arlington’s National Landing area. The Fortune 500 military shipbuilder has signed an 11.5 year lease with JBG Smith for 36,809 square feet in an 11-story office tower at 2451 Crystal Drive, the Bethesda, Maryland-based real estate firm announced Tuesday. The […]
