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Reston-based Qlarion acquired by Maryland contractor
Columbia, Maryland-based government contractor GCOM Software LLC announced Wednesday it has acquired Reston-based Qlarion Inc., a data analytics and business intelligence contractor. The purchase marks GCOM’s fifth acquisition since 2018 and its first acquisition of a data analytics company. “Liberating data will enable governments at all levels to make more informed decisions, creating better outcomes […][...]
Va. Finance Secretary Aubrey Layne to join Sentara
Virginia Secretary of Finance Aubrey Layne will join Norfolk-based Sentara Healthcare as the health system’s senior vice president and chief of staff, effective July 1. Layne’s responsibilities will include overseeing Sentara’s legislative affairs and corporate social responsibility teams, as well as the Sentar[...]
California manufacturer opening $9.1M facility in Fluvanna
Stewart Tool Co. Inc., a California-based prototype-to-production manufacturer, will invest $9.1 million to establish its first East Coast manufacturing operation in Fluvanna County, creating 22 jobs. The company plans to renovate the former Kloeckner Metals facility in Fluvanna’s Troy area. “We were looking for a location close to the East Coast operations of our major […]
Checkered Flag Auto Group acquires Newport News dealership
Virginia Beach-based Checkered Flag Auto Group announced Tuesday that it has purchased the Pomoco Chrysler, Dodge, Jeep, Ram, Alfa Romeo and Fiat dealership in Newport News. The acquisition is the company’s first dealership on the peninsula and its first to include U.S. automotive brands. Checkered Flag Auto Group consists of 10 other dealerships in the […]
Atlantic Broadband announces $7.2 million partnership
Atlantic Broadband has announced a $7.2 million partnership to deliver broadband to more than 1,200 homes and businesses in Caroline, Mathews, Lancaster and Middlesex counties. A $4.2 million grant from the Virginia Telecommunication Initiative pays for the bulk of the project, with $1.5 million coming from Atlantic Broadband and the remaining $1.5 contributed by the […]
Leidos completes $380M Gibbs & Cox acquisition
Reston-based Fortune 500 government contractor Leidos has completed its $380 million, all-cash acquisition of Arlington-based engineering and design firm Gibbs & Cox, Leidos announced Friday. Gibbs & Cox, which specializes in naval architecture, marine engineering, management support and engineering consulting, has offices throughout the United States and Australia. It will operate as a wholly-owned Leidos […][...]
Axios-Athletic merger gets axed
A proposed merger between Arlington-based digital news company Axios Media Inc. and San Francisco-based sports media firm the Athletic is no longer going forward, according to a May 6 report from The Wall Street Journal. The Journal had previously reported that the companies had been exploring merging and going public through through a special purpose […]
Parsons lands $618M GSA contract
Centreville-based Parsons Corp. has won a $618 million contract with the U.S. General Services Administration, it announced this week, bringing the company’s total contracts won since the end of the first quarter to approximately $1 billion. The new contract covers professional services that advance the intelligence community’s global cyber and intelligence technologies for C5ISR, the […][...]
UPDATED: Peraton completes $7.1B Perspecta acquisition
UPDATED MAY 7, 8:20 A.M. Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor Perspecta Inc. on Thursday, according to a news release from Peraton’s parent company, New York-based private investment firm Veritas Capital. The combined companies will be known as Peraton and will be overseen by […][...]
Va. sees 67% drop in weekly jobless claims
The state’s number of initial unemployment claims continues to fluctuate wildly, with only 12,231 Virginians submitting new jobless claims for the week ending May 1, a drop of 25,125 claims from the previous week, the Virginia Employment Commission reported Thursday. For the April 26-May 1 filing week, the state saw a 67.2[...]
Serco completes $295M acquisition of Reston contractor
Herndon-based federal contractor Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) has completed its $295 million acquisition of Reston-based Whitney, Bradley & Brown (WBB) from an affiliate of Florida-based private equity firm H.I.G. Capital. The acquisition strengthens Serco’s program management services for its Department of Defense clients and enriches the company’s expertise in […][...]
Business bank opens in Virginia Beach
Integrity Bank for Business opened for business May 3 in Virginia Beach, led by former Heritage Bank President and CEO Michael S. Ives. The first new community bank established in Hampton Roads since 1998, it received regulatory approval last month. In January it announced that it raised more than $20 million in stock purchase c[...]
