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Flower Foods invests $25 million to expand Lynchburg bakery
Thomasville, Georgia-based Flowers Foods will invest $25 million to expand its Lynchburg bakery into an organic facility that will create 15 jobs, Gov. Ralph Northam announced Thursday. Flowers Foods was founded in 1919 and opened its Lynchburg location 40 years ago. A publicly traded company with $4 billion in 2018 sales, Flowers Foods produces and […]
McLean software company acquires Richmond firm
McLean-based software company KLDiscovery Inc. has completed its 12th acquisition in seven years, buying Richmond-based legal services company Superior Document Services (SDS), KLDiscovery announced Thursday. Financial terms of the deal were not disclosed. SDS was founded in 1998 by Kriss Wilson and Renee Covington. The company provides litigation copying, scanning and database hosting to legal […][...]
Portsmouth industrial contractor buys parcel for $2.55M
Portsmouth-based general contracting firm W.F Magann Corp. purchased the final four acres of what was formerly a 44-acre major industrial parcel in Portsmouth for $2.55 million, real estate company Colliers International announced this week. Magann specializes in heavy marine, industrial and concrete construction. The site at 3340 W. Norfolk Rd. is located one mile from […]
Arlington cloud security company appoints two execs
Arlington-based cloud security company DivvyCloud appointed Brandie Kalinowski as vice president of people and culture and David Geevaratne as vice president of North American Sales, the company announced Thursday. Kalinowski most recently was head of people operations at Etsy in Brooklyn, New York. She will focus on recruitin[...]
U.Va. School of Nursing receives $20M donation
The University of Virginia’s School of Nursing announced Thursday that it has received its largest-ever gift. The $20 million donation from Washington, D.C.-area billionaire philanthropist William E. “Bill” Conway Jr. and his wife Joanne will support the enrollment of more than 1,000 nursing students during the next 10 years. The gift is intended to support […]
Norfolk office building sells for $4.1M
Norfolk-based Azalea 888 LLC purchased a two-story office building in Norfolk Industrial Park for $4.1 million, Cushman & Wakefield | Thalhimer announced Wednesday. Azalea 888 purchased the property at 1151 Azalea Garden Rd. from Roseville, Calif.-based Asset Preservation Inc. in a deal that closed on Jan. 7. The 54,986-sq[...]
Reston’s SOC Telemed names new Chief Medical Officer
Dr. Jason Hallock was named as Reston-based acute-care telemedicine company SOC Telemed’s chief medical officer, the company announced Wednesday. Hallock has more than 20 years of health care experience working in hospital systems. In his new role, he will oversee management of clinical and medical objectives. He most recently worked for US Acute Care Solutions, […]
Securitas Critical Infrastructure Services names new CEO
Tony Sabatino was named as CEO of Herndon-based Securitas Critical Infrastructure Services, Inc. (SCIS), the company announced Wednesday. Sabatino replaces Kevin Sandkuhler, who is retiring. Sabatino has 28 years of experience with Securitas USA (SUSA), where he served as executive vice president of its North American division. He coordinated acquisitions, including the company’s 2017 Diebold […][...]
Richmond commercial property sells for $1.8M
Commercial parcels in the Scott’s Addition neighborhood in Richmond sold for $1.8 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Capital Square 1031 LLC purchased 21,700 square feet (0.5 acres) located at 3001-3009 W. Leigh St. in Richmond from Cash Properties to build a three-building mixed-use complex. Based in Glen Allen, Capital Square specializes […]
Tysons cloud computing firm acquires Spanish software company
Tysons-based cloud computing company Appian Corp. has acquired Seville, Spain-based software company Novayre Solutions SL, developer of the Jidoka Robotic Process Automation (RPA) platform. Financial terms of the acquisition were not released. RPA is the use of specialized computer programs to automate repeatable business processes. Using RPA, companies can process transactions, manipulate data, trigger responses […][...]
Bipartisan bill seeks to demonopolize state electric energy market
State Dels. Mark Keam, D-Fairfax, and Lee Ware, R-Powhatan, held a press conference Tuesday to announce a bipartisan legislative effort to demonopolize Virginia’s electric energy market. The Virginia Energy Reform Act — which does not yet have a bill number —would establish a competitive market for electricity retailers; r[...]
DuPont Spruance facility plans $75M expansion in Chesterfield
Technology-based materials producer DuPont de Nemours Inc. will invest $75 million to expand and modernize its Kevlar manufacturing plant in Chesterfield County over the next several years, Gov. Ralph Northam announced Tuesday. The DuPont Spruance factory employs 2,000 people and will add 60 more jobs as a result of the expansion. The plant, which opened […]
