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Mohawk Industries to invest $22.5M in Carroll County operation
Flooring manufacturing giant Mohawk Industries Inc. will invest $22.5 million to expand its Carroll County operation, creating 35 jobs, Gov. Ralph Northam announced Thursday. Mohawk, which currently employs more than 900 Virginians, will add 19,000 square feet to its 351 Floyd Pike facility in Hillsville and install new equipment to increase its production speed. “We […]
Mass.-based software company acquires Reston care management platform
Burlington, Massachusetts-based HealthEdge Software Inc. announced in late December that it has acquired Reston-based Altruista Health Inc. Financial terms of the acquisition were not disclosed. Founded in 2007, Altruista provides its cloud-based enterprise care management platform, GuidingCare, to approximately health care clients representing more than 16 million members. The platform streamlines management workflows. HealthEdge also [...]
Leidos completes $215M acquisition of 1901 Group
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it has completed its $215 million cash acquisition of Reston-based information technology services company 1901 Group. The transaction was first announced on Dec. 10, 2020. “The addition of 1901 Group allows us to work together and leverage their impressive capabilities across the enterprise,” Leidos Chairman […][...]
Estes subsidiary announces new warehousing company
Richmond-based freight forwarding company Estes Forwarding Worldwide (EFW) announced Thursday the establishment of EFW Warehousing LLC as a result of its acquisition of Lewis Logistics, a warehousing, distribution and logistics company. EFW is a wholly-owned subsidiary of Estes Express Lines and provides domestic and international freight forwarding and logistics services. EFW Warehousing will be a […][...]
Northam warns extremists with “ill intent” to avoid Richmond
Speaking at a news conference Thursday, Virginia Gov. Ralph Northam issued a warning to anyone “with ill intent in your heart” to abandon their plans to come to Richmond as part of an armed protest of the state legislature. The governor said the state government is prepared for security concerns around the General Assembly’s annual […]
Va. sees highest number of initial jobless claims since July 2020
Last week, more than 28,000 Virginians filed initial unemployment claims — a 44.5% jump from the previous week. This is the greatest number of initial claims reported since July 2020. During the week ending Jan. 9, 28,227 Virginians filed initial claims, which was an increase of 8,697 from the previous week. This could in part[...]
Two Va. contractors win spots on $150M Navy BPA
Arlington-based Leonardo DRS’ Laurel Technologies business and Data Link Solutions, a joint venture between Falls Church-based BAE Systems Inc. and Charlotte, North Carolina-based Collins Aerospace, earned spots on a $150 million Navy blanket purchase agreement. The companies will each manufacture up to 150 electronic equipment cabinets for the Navy and provide logistics, test and program […][...]
Prince George County contractor lands $807M GSA task order
The General Services Administration awarded Prince George County-based tech contractor NCI Information Systems Inc. an $807 million task order to work on the administration’s IT strategy, the company announced Thursday. This marks NCI’s largest award in its 31-year history. Under the task order awarded by the GSA’s Federal Systems Integration and Management Center (FEDSIM), NCI […]
CareerGig buys Charlottesville SaaS company
Arlington-based CareerGig announced Wednesday it has acquired Charlottesville-based software-as-a-service (SaaS) platform Moonlighting. Financial terms of the acquisition were not disclosed. CareerGig is also an SaaS platform that matches freelance and contract workers with employers and offers an insurance marketplace for health, life and disability insurance. Users also have access to education and training opportunities, financial [...]
The Hilb Group acquires N.C.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired Maiden, North Carolina-based insurance agency Dwayne Wilson Insurance & Financial Services Inc., effective Dec. 31. Financial details of the acquisition were not disclosed. Founded in 1985, DWI is a full-service life and health agency. It provides insurance products to employer groups and […]
10 Va. companies join VEDP’s export trade program
The Virginia Economic Development Partnership (VEDP) announced Wednesday that 10 new companies have been accepted into its two-year Virginia Leaders in Export Trade (VALET) program, which helps companies work on international exporting growth strategies. The VALET program helps Virginia companies to establish domestic operations for exports and encourages using international exporting as a growth strategy. […][...]
Va. General Fund revenue increased 15.1% in December 2020
Virginia’s General Fund revenue for December 2020 increased 15.1% compared with December 2019, Gov. Ralph Northam announced Wednesday. Total revenue collections rose 7.8% through December on a fiscal year-to-date basis, which was well ahead of the 1.2% growth forecast. The increase was driven by growth in payroll withholding, corporate income tax, sales and use taxes, […]
