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Telus International to acquire WillowTree for $1.2B
Charlottesville-based WillowTree Inc., recently recognized by Adweek for being one of the fastest-growing agencies in the nation, has entered into an agreement to be acquired by Canadian tech company Telus International Inc. for $1.225 billion, Telus announced Thursday. The acquisition is expected to close in January and is subject to regulatory approvals. Under the agreement, […]
Noblis names VP for federal civilian sector
Reston-based Noblis Inc. has named Lisa Gardner as vice president of its federal civilian solutions sector as well as to Noblis’ executive council, according to a news release. Noblis is a not-for-profit corporation that delivers technical and advisory strategies and solutions to federal government clients. Gardner wil[...]
NY publishing company to expand in Orange County
MPS, a division of New York-based Macmillan Publishers, will invest more than $26 million to expand its distribution operation in Orange County, creating an estimated 10 jobs, the county announced Wednesday. The investment will occur over the next three years. MPS is expanding its current 400,000-square-foot facility by 200,000 [...]
HCA’s Tim McManus promoted to national role
HCA Healthcare Inc. is promoting the president of its Richmond-based Capital Division, Tim McManus, to lead its national operating group, effective Jan. 1, HCA announced Tuesday. Dr. William Lunn, who currently serves as CEO of HCA’s Chippenham and Johnston-Willis hospitals, will follow McManus as HCA’s new Capital D[...]
Stihl names finance VP
Virginia Beach-based chainsaw and outdoor power equipment manufacturer Stihl Inc. has named Uwe Hirsch its vice president of finance, effective Nov. 7. Hirsch will plan, direct and control the company’s financial plans and will support IT operations and system implementations. He was most recently global vice president of fina[...]
Two Va. agencies make Adweek’s fastest growing U.S. agencies list
Two ad agencies that call Virginia home have landed on Adweek’s 2022 list of the fastest-growing U.S. ad agencies, the publication announced Monday. Richmond-based creative agency Dotted Line ranked third on the list of Adweek’s fastest-growing agencies in the Southeast, and No. 22 on the list of the nation’s 7[...]
Va. CEOs say labor shortages, inflation hurting business
Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third quarter CEO Economic Outlook Survey by the University of Richmond’s Robins School of Business and the Virginia C[...]
Arko to buy Pride convenience stores for $230M
Arko Corp., a Fortune 500 holding company for Richmond-based convenience store chain GPM Investments LLC, announced Monday it has agreed to acquire Pride Convenience Holdings LLC, which operates 30 Pride convenience stores in Massachusetts and one in Connecticut. The $230 million acquisition, plus the value of inventory, would b[...]
Bon Secours breaks ground on Suffolk hospital
Bon Secours broke ground Tuesday on its $80 million Bon Secours Harbour View Hospital, which is expected to be completed in 2025. The hospital will be 98,000 square feet and have a surgical focus, with 18 medical/surgical beds and up to four operating rooms. It will serve as an extension of other services on the […]
JMU fundraising campaign brings in $251M
James Madison University’s second comprehensive fundraising campaign, Unleashed, raised more than $251 million, the Harrisonburg university announced Friday. The eight-year fundraising campaign, which exceeded its $200 million goal in March 2021, ended June 30. It began with an advanced gift phase in July 2014 before JMU annou[...]
Richmond Fed: Va. gained 8,000 jobs in Sept.
Virginia employers added 8,000 net jobs in September, marking the first month in which total employment has exceeded pre-pandemic levels, representatives from the Federal Reserve Bank of Richmond said Friday. While that’s good news, job recovery continues to be uneven across sectors, with employment in the transportation and warehousing sector exceeding pre-pandemic levels by 10.5% […][...]
Pharrell’s Mighty Dream forum coming to Norfolk Nov. 1-3
Executives from Google, H&M, Universal Music Group, Yelp and McDonald’s will join Grammy winner Pharrell Williams Nov. 1-3 in Norfolk for his Mighty Dream forum, a sequel to last fall’s Elephant in the Room event. Along with panel discussions and networking events focused on making work and business opportunities[...]
