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Jun 30, 2021

Commercial truck, van floor manufacturer to build $12.8M plant in Patrick County

Prolam LLC, a Canadian manufacturer of hardwood floors for commercial trucks and dry van trailers, will invest $12.8 million to establish its first U.S. manufacturing plant at the former Ten Oaks satellite facility in Patrick County, creating 58 jobs, Virginia Gov. Ralph Northam announced Wednesday. The facility will increase Prolam’s manufacturing capacity by 50%, and […]

Matt Ryan. Photo courtesy Shenandoah Growers
Jun 30, 2021

Shenandoah Growers taps ex-Starbucks exec as new CEO

Rockingham County-based indoor agriculture company Shenandoah Growers Inc. has appointed former Starbucks Inc. Chief Marketing Officer Matthew Ryan as the company’s new CEO. And Mike Buckley, former senior vice president of business for Postmates, has been hired as Shenandoah Growers’ chief financial officer, the com[...]

Jun 29, 2021

Timber exporter building $1.1M facility in Suffolk

Kristi Corp. a global supplier of industrial raw materials for aluminum and steel metallurgical industries, will build a $1.1 million log load and fumigation facility in Suffolk, creating 10 jobs, Virginia Gov. Ralph Northam announced Tuesday. The company will source 100% of its exports from Virginia logging companies. Virginia competed with North Carolina and Pennsylvania […]

Jun 29, 2021

SAIC lands $90M Air Force contract

Reston-based Fortune 500 government contractor Science Applications International Corp. (SAIC) has been awarded a $90 million contract to help protect Department of Defense Combatant Commands from small unmanned aircraft systems. The contract was awarded by the U.S. Air Force and its Life Cycle and Management Center, Force Protection Division, the company announced in a Tuesday news […]

Jun 28, 2021

Chesterfield EDA acquires former speedway property

Chesterfield County will purchase the former Southside Speedway property for $4.5 million, according to a news release from the county’s Economic Development Authority. The county’s board of supervisors approved the transfer of funds for to the EDA for the purchase on June 23. The nearly 48,000-square-foot property purchase is part of a plan to expand […]

Jun 28, 2021

New ABC laws go into effect July 1

Starting July 1, the Virginia Alcoholic Beverage Control Authority (ABC) will begin enforcing new laws passed by the Virginia General Assembly during its 2021 session, including allowing localities to create special large outdoor entertainment districts where consumption of alcohol would be allowed. Other measures passed by the [...]

Jun 25, 2021

F-22 fighter jet training unit will relocate to Joint Base Langley-Eustis

The U.S. Air Force is relocating the branch’s only advanced training unit for F-22 Raptor fighter jets from Florida to Joint Base Langley-Eustis in Hampton, bringing some 2,300 people to the region, the Air Force confirmed to the Air Force Times newspaper on Wednesday, June 23. “We are thrilled to welcome the F-22 Raptor[...]

Jun 23, 2021

GO Virginia awards $11.1 million in economic recovery grants

The state’s GO Virginia economic development initiative announced Wednesday that it has allocated $11.1 million in grants to advance economic recovery efforts across Virginia, including a $1.45 million award to create a statewide system to support cybersecurity jobs training for Virginia’s defense contracting industry. “The targeted support that GO Virginia provides is critical to ensuring […][...]

Jun 23, 2021

Reston’s Trucker Tools acquired by Calif. tech firm

Reston-based Trucker Tools, a software company that provides a digital freight management platform for the transportation industry, has been acquired by Walnut Creek, California-based software company ASG. Financial details of the transaction were not disclosed. Founded in 2013, Trucker Tools offers a software suite with capacity management, predictive freight matching, automated booking, real-time GPS-based visibility […][...]

Jun 22, 2021

Chantilly-based CTSI acquires N.C. A/V company

Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) announced Tuesday that it has acquired Morrisville, North Carolina-based Collaborative Technology Solutions LLC (CTS), a provider of audiovisual, security, structured cabling and sound-masking services. Financial details of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners. The transaction [&hel[...]

Jun 22, 2021

Reston’s LookingGlass Cyber Solutions acquires Texas tech firm

Reston-based cybersecurity contractor LookingGlass Cyber Solutions Inc. has acquired Austin, Texas-based AlphaWave Inc., a cloud-native tech company that provides attack surface management services. Financial details of the transaction were not disclosed. In a news release, LookingGlass said the transaction will complement the Reston company’s existing cybersecurity services for federal and state government customers by “ena[...]

Jun 14, 2021

Reston-based Ellucian to be acquired by Blackstone and Vista Equity Partners

Investment firms Blackstone and Vista Equity Partners have reached an agreement to acquire Reston-based higher education software company Ellucian, according to an announcement from the companies released Monday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity are acquiring Ellucian from Texas-based TPG Capital and Los Angeles-based Leonard Green […][...]

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