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Reston-based tech firm acquires Danish company
Reston-based federal contractor and tech firm SOS International LLC (SOSi) has acquired Denmark-based analytics software company NorthStar Systems, SOSi announced Tuesday, making it the company’s fifth acquisition since 2016, including New World Solutions, Defense Group Inc., STG Group Holdings Inc. and Vykin Corp. Financial terms of the deal were not disclosed. “We’re continuing to expand […][...]
Two Va. hospitals ranked in nation’s top 100
Healthgrades has named its 2020 list of the top 250 hospitals in the United States, and two Virginia hospitals landed in the top 100. Inova Fairfax Hospital in Falls Church and Sentara Leigh Hospital in Norfolk are in the top 2% of the America’s Best Hospitals survey released Tuesday. Inova Fairfax was recognized as one […]
Dominion attributes $1B annual earnings drop to SCANA acquisition
Richmond-based Dominion Energy Inc. reported $1.4 billion in earnings for 2019 — $1 billion less than the utility earned during 2018, the company reported in its fourth-quarter earnings call Tuesday. The difference in earnings is primarily related to Dominion’s acquisition of SCANA Corp., which closed on Jan. 3, 2019, says Dominion spokesperson Ryan Frazier. The […]
Dominion sets net-zero carbon goal by 2050
Richmond-based Dominion Energy Inc. announced Tuesday a new goal of achieving net-zero carbon dioxide and methane emissions from its electricity generation and gas infrastructure operations by 2050. The new benchmark significantly raises the stakes for Dominion, which announced in October 2019 plans for reaching 80% carbon reduc[...]
Richmond’s $1.5B Navy Hill project is dead
Richmond City Council on Monday formally killed the $1.5 billion Navy Hill proposal, with seven of nine members voting to strike several elements of the plan from the council’s consent agenda. After the vote, council members passed a resolution that Richmond Mayor Levar Stoney start over with a request for proposals to develop[...]
BWX Technologies lands $3.6M nuclear contract
Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) has been awarded a $3.6 million contract from the U.S. Department of Energy’s National Nuclear Security Administration (NNSA), the company announced Tuesday. The BWXT Nuclear Operations Group Inc. (a subsidiary of BWXT) will convert research reactors from high-enriched uranium. Research reactors are used to perform science experiments […][...]
Lawmakers advance bills regulating consumer lending
RICHMOND, Va. — Del. Mark Levine recalls receiving a $1,000 loan offer from a company with a 299% interest rate buried deep in the fine print. “As the company compounds daily at this interest rate, this loan would cost anyone desperate enough to accept this offer more than $20,000 in interest and fees if they […]
The Hilb Group acquires Florida insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Bonita Springs, Florida-based Regency Insurance Group LLC (RIG), effective Feb. 1. Financial terms of the acquisition were not disclosed. RIG is a property and casualty agency that specializes in personal lines coverage including home, auto, flood and watercraft insurance. RIG co-founders […][...]
Va. Beach’s Croatan Investments adds principal to leadership team
Virginia Beach-based real estate investment company Croatan Investments LLC added Mike Marshall as a principal on its leadership team, the company announced Monday. Marshall was most recently executive managing director for New York City-based real estate company Newmark Knight Frank Inc. (NFK) and has more than 30 years of expe[...]
Former church building in Chesapeake sells for $5.75M
Chesapeake-based 601 Volvo LLC purchased the former Parkway Christian Center Inc. building in Chesapeake for $5.75 million, Toronto, Ontario, Canada-based commercial real estate company Colliers International announced Monday. The 36,185-square-foot building at 601 Volvo Pkwy. in Chesapeake sits on more than five acres of land. [...]
Reston-based IndraSoft wins $43M Army contract
Reston-based software company IndraSoft Inc. has been granted a $43 million contract from the U.S. Army Intelligence and Security Command (INSCOM) to enable data sharing and DevSecOps system integration, the company announced Monday. This contract will support the Army’s Maintenance of Enterprise Technologies and Applications (META) program. DevOps is a set of practices that automates […]
Herndon automotive tech company hires Google exec as CEO
Herndon-based automotive tech and consulting company Foundation Direct has named Peter Leto as CEO, the company announced Monday. Leto previously worked as head of industry for Google LLC’s Automotive Retail Sales and General Motors business units. Based in Detroit, Leto will work on expanding Foundation Direct’s footpri[...]
