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Dan Snyder owns Va.’s most expensive house
Virginia’s most expensive mansion now belongs to one of the most famous men in the commonwealth. River View, once part of George Washington’s Mount Vernon, in Alexandria, was sold on Oct. 29, 2021, for $48 million, according to TTR Sotheby’s International Realty. The agency brokered the sale of the 7-bedroom ho[...]
$714M Wythe medical glove plant is solo venture now
Developers broke ground in January on the $714 million medical glove manufacturing complex planned for Wythe County’s Progress Park. Only now it may be a solo project, not a joint venture. In October 2021, then-Virginia Gov. Ralph Northam announced that Alexandria-based Blue Star NBR LLC was building manufacturing faciliti[...]
HII names new president and CEO
Christopher D. Kastner will become president and CEO of Newport News-based Huntington Ingalls Industries, the nation’s largest military shipbuilder, on March 1. Mike Petters, who has served as the Fortune 500 company’s president and CEO since Northrop Grumman Corp. spun off its shipbuilding division in 2011, will bec[...]
Youngkin sworn in as Virginia’s 74th governor
RICHMOND, Va. — Republican Glenn Youngkin was sworn in Saturday as Virginia’s 74th governor on the steps of the state Capitol. The political newcomer and former private equity executive is the commonwealth’s first Republican governor since Bob McDonnell, who took office in 2010. The commonwealth also made histo[...]
Consumer Technology Association: “CES will and must go on”
The Arlington-based Consumer Technology Association (CTA) is moving forward with its CES consumer technology trade show in Las Vegas in January, despite cancelations from big exhibitors and the surge of COVID-19 cases fueled by the omicron variant. Formerly known as the Consumer Electronics Show, CES typically draws thousands of[...]
Radford University chooses new president
Radford University’s eighth president will be Bret S. Danilowicz, who’s currently serving as the provost and vice president for academic affairs at Florida Atlantic University in Boca Raton, Florida. Danilowicz, who starts his tenure at Radford on July 1, 2022, succeeds Brian O. Hemphill, who left in June to become p[...]
Brown Edwards acquires Mitchell Wiggins
Roanoke-based accounting firm Brown Edwards LLP acquired tax, audit and business consulting firm Mitchell Wiggins on Nov. 1. With offices in metro Richmond and the Petersburg/Tri-Cities areas, Mitchell Wiggins will bring six partners and 47 team members to Brown Edwards. Brown Edwards will have an office in the former Mitchell Wiggins space in Richmond, with […]
Siemens Gamesa to build first U.S. offshore wind blade factory in Portsmouth
Siemens Gamesa Renewable Energy S.A., a Spanish wind turbine company, will invest $200 million to build the first U.S. offshore wind turbine blade manufacturing facility in Portsmouth, creating 310 jobs, Virginia Gov. Ralph Northam announced Monday from the Port of Virginia’s Portsmouth Marine Terminal. Siemens Gamesa is a[...]
Amentum to acquire PAE for $1.9B
Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) has agreed to be acquired by an affiliate of Germantown, Maryland, aerospace defense contractor Amentum in a $1.9 billion all-cash deal. The transaction is expected to close by the end of the first quarter of 2022, at which time PAE will become a wholly owned […]
Mary Baldwin alum makes $12.5M gift
A 1965 alumna of Mary Baldwin University has given her alma mater $12.5 million, which will mainly go toward unrestricted support of the private university in Staunton, MBU announced Wednesday. Paula Stephens Lambert, a Dallas resident who founded Mozzarella Co. in 1982 and introduced many European handmade cheeses to the United[...]
Ellucian acquisition deal closes
The acquisition of Reston-based higher education software company Ellucian by investment firms Blackstone and Vista Equity Partners has been completed, the companies announced Wednesday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity acquired Ellucian from Texas-based TPG C[...]
The Hilb Group acquires Medicare-focused firm, six Va. companies
Henrico-County based insurance company The Hilb Group LLC finalized its acquisition of Health Quote of Rhode Island Inc. on July 1, it announced Tuesday. Financial terms of the transaction were not disclosed. Health Quote specializes in Medicare offerings, and its clientele will join THG’s Medicare practice. THG CEO Ricky Spiro said in a statement, “Our […]
