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Kings Dominion parent Cedar Fair and Six Flags announce $2B merger
Cedar Fair Entertainment, the parent company of Kings Dominion, is merging with Six Flags Entertainment in an all-stock deal valued at $2 billion, the companies announced Thursday. Cedar Fair unitholders will own 51.2% and Six Flags shareholders will own approximately 48.8%. Together, the two companies will have a combined 27 am[...]
$14.9M manufacturing facility coming to Russell County
Tate, a data center supplier, will invest $14.9 million to establish a new manufacturing facility in Russell County, creating 170 jobs, Gov. Glenn Youngkin announced Thursday. The new plant will focus primarily on data center component manufacturing and containment products to serve clients in Virginia and other data center sites. “I’m proud that the commonwealth […]
Leidos shakes up C-suite in restructuring
Months after new Leidos CEO Tom Bell hinted at a “new North Star” for the Reston-based Fortune 500 contractor, the company has announced a shakeup of its C-suite and a reorganization. The company solidified the changes Thursday, two days after releasing its third-quarter report, which included revenues of $3.9 billio[...]
SWVA clean energy development could draw $8.5B in investments
Wise County and neighboring localities in Southwest Virginia may become home to a massive clean energy development that could attract up to $8.25 billion in capital investments, Gov. Glenn Youngkin announced Wednesday. An agreement between Energy DELTA Lab, Dallas-based Fortune 100 energy company Energy Transfer and Wise County [...]
Fairfax AI firm acquired by Texas-based tech company
Fairfax-based ARInspect, a firm specializing in artificial intelligence products for public sector field operations, has been acquired by Texas software company Tyler Technologies, the companies announced Tuesday. Tyler declined to disclose the price and terms of the deal. Tyler will add ARInspect’s AI-powered platform to its portfolio and use the Fairfax company’s technology across its […][...]
Northrop Grumman awarded up to $732M for satellite contract
Fortune 500 Falls Church defense contractor Northrop Grumman will build 38 data transport satellites for the U.S. Space Force’s Space Development Agency under a contract valued up to $732 million as the agency builds out a space-based communications network. The work, announced Monday by the agency, falls under Tranche 2 T[...]
Food/bev distributor opens $275M Caroline County center
Food and beverage distributor World Class Distribution has opened its nearly finished $275 million, 1.2 million-square-foot distribution center in Caroline County with 400 employees, the county’s board of supervisors announced Tuesday. Gov. Glenn Youngkin initially announced the project in November 2022, at which time WCD expected to add 745 jobs. The company now plans to […]
Dominion offshore wind farm moves closer to final approval
Dominion Energy has passed another critical federal hurdle on its way to gaining approval to begin construction on its $9.8 billion, 176-turbine offshore wind farm 27 miles off the coast of Virginia Beach. The Bureau of Ocean Energy Management granted a favorable record of decision for the Richmond-based Fortune 500 electric uti[...]
U.Va. biz school receives $50M donation from alum
A University of Virginia Darden School of Business alumnus and his wife, also a U.Va. graduate, have added $50 million to an earlier gift of $44 million for the business school, which adds up to the largest donation in Darden’s 68-year history. Philanthropists David and Kathleen LaCross made a $44 million donation in Octob[...]
Thalhimer hires exec to lead multifamily biz
Drew Harbrecht has joined Thalhimer as senior vice president and will lead Thalhimer Multifamily, the firm’s residential property services division. He joins from Charleston, South Carolina-based Greystar Worldwide, where he led a management portfolio of nearly 10,000 units in Central Virginia and the Washington, D.C., Mar[...]
Capital Square moves Glen Allen HQ
Glen Allen-based real estate company Capital Square has relocated to a new, expanded corporate headquarters in Henrico County’s Innsbrook area, not far from its original headquarters. Capital Square has subleased the space at 4851 Lake Brook Drive in the Innsbrook Corporate Center until March 2028. The new office, which is[...]
Northrop Grumman CEO to chair Greater Washington Partnership
Northrop Grumman chair, CEO and president Kathy Warden is adding a new title to her résumé. On Jan. 1, 2024, Warden will officially take over as chair of the Greater Washington Partnership. She will be the first woman, first nonfounder and first CEO of a global company to lead the board for the partnership, a […]
