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Kaléo launches government biz unit
Richmond-based Kaléo on Thursday announced the formation of a new government business unit to focus on domestic and international procurement of the company’s system to reverse the effect of weaponized opioids as well as to provide access to it for military and civilian stockpiles. Kaléo’s Rapid Opioid Countermeasure S[...]
Va. ABC hires chief digital and branding officer
The Virginia Alcoholic Beverage Control Authority has named Vida Williams as its first chief digital and branding officer, the authority announced Thursday. Williams will guide the state ABC’s digital and web operations, communications and education with prevention teams, and support e-commerce initiatives. She started at [...]
NoVa distillery to expand, create 42 jobs
Prince William County-based MurLarkey Distilled Spirits will invest $8.1 million to move and expand its operations, with plans to create 42 new jobs over the next three years, Gov. Glenn Youngkin announced Thursday. MurLarkey will leave Bristow and establish a large new distillery and tasting room on the Manassas campus of Farm Brew Live, a […]
Liberty launches search for new president
Liberty University announced Wednesday that it has hired an Atlanta-based executive search firm to find its next president, who will succeed Jerry Prevo, the longtime board chair who became the Lynchburg private Christian institution’s interim president after Jerry Falwell Jr. stepped down amid scandal in August 2020. “P[...]
Caesars ups Danville casino investment to $650M
Caesars Entertainment Inc. has once again upped its investment in the forthcoming Caesars Virginia casino and resort in Danville, this time from $500 million to $650 million, while announcing Wednesday that the Eastern Band of Cherokee Indians is now a joint venture partner in the casino project. Plans for the casino include a[...]
CarLotz to merge with San Francisco’s Shift
Richmond-based CarLotz Inc., the nation’s largest consignment-to-retail used vehicle business, will merge with San Francisco-based Shift Technologies Inc., a similar platform on the West Coast, the companies announced Tuesday. The companies will combine in a stock-for-stock merger, according to a news release and will trad[...]
Guidehouse consolidates national security, defense segments
McLean-based Guidehouse is consolidating its national security and defense units, the global management consulting firm announced Monday. Ed Meehan, who has led the company’s defense unit, will become chief growth officer for Guidehouse. Meehan has worked in the public and commercial sectors, and has delivered digital tr[...]
Downtown Norfolk Council adds 2 execs
The Downtown Norfolk Council announced two leadership changes Monday. Rachel McCall has been promoted to vice president, from director of strategic initiatives. She has been with DNC since 2014 in a variety of roles, advancing the NEON District — Norfolk’s arts district — and other initiatives. In her new role, she wil[...]
SES completes $450M purchase of Leonardo DRS satellite biz
Reston-based satellite telecommunications company SES Government Solutions has completed its $450 million acquisition of Arlington-based Leonardo DRS Inc.’s Global Enterprise Solutions satellite communications subsidiary following receiving regulatory approval. SES Government Solutions, a subsidiary of the Luxembourg-based satellite telecommunications network company, announced the deal’s completion Aug. 1. Leonardo DRS, a s[...]
Restoration Bioproducts to build $5.8M biochar plant
Lynchburg-based Restoration Bioproducts LLC will invest $5.8 million and build Virginia’s first biochar production facility in Sussex County, creating five jobs and purchasing 34,560 tons of Virginia-grown wood products, Gov. Glenn Youngkin announced Monday. Wood pellet manufacturer Wood Fuel Developers is already in Waverly. Restoration Bioproducts will use pyrolysis technology to turn wood waste from […][...]
Axios to be sold to Cox Enterprises for $525M
Axios Media Inc., the Arlington-based digital media company and news outlet, announced Monday it will be sold to investor Cox Enterprises Inc. for $525 million in a deal reached Sunday. The company is expected to reach $100 million in revenue this year, it says. According to Axios, its three co-founders — CEO Jim VandeHei, Pre[...]
Chesapeake industrial building sells for $10.2M
A 152,180-square-foot industrial property in Chesapeake has sold for $10.275 million, S.L. Nusbaum Realty Co. announced in July. Chesapeake Dexter St West LLC purchased the property, located at 101 Dexter St. West in Chesapeake, from On Trading Corp. The building is on 13.89 acres and was fully leased at the time of the sale. It[...]
