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Service Center Metals to expand, add 94 jobs
Prince George County-based aluminum extrusions manufacturer Service Center Metals will spend $101.7 million to build two more facilities in the county, projects expected to create 94 jobs, Gov. Ralph Northam announced Tuesday. Service Center Metals will build an aluminum extrusion plant and a compact remelt plant in Crosspoint C[...]
Booz Allen acquires Fredericksburg-based Tracepoint
Fortune 500 global management consultant Booz Allen Hamilton Inc. has acquired Tracepoint, a Fredericksburg-based digital forensics and incident response (DFIR) company, Booz Allen announced Monday. Financial terms of the agreement were not disclosed. Baton-Rouge based Plexos Group LLC, Tracepoint CEO Chris Salsberry, Brett Anderson and Rob Driscoll co-founded Tracepoint in December 2019. Tracepoint provides DFIR, […][...]
Harrisonburg’s Farmer Focus hires CFO, R&D head
Harrisonburg-based Farmer Focus has hired Debarshi Sengupta as chief financial officer and Sean McLendon as head of research and development, it announced on Aug. 26 and Sept. 9. “Debarshi is an instrumental hire to guide our future, creating a strategic path forward to plan and resource our tremendous growth,” Farmer Focus [...]
EarthLink to create 285 jobs in Norton
Atlanta-based internet service provider EarthLink is spending $5.4 million to build a customer support center in Norton, a project expected to create 285 jobs, InvestSWVA and Gov. Ralph Northam announced Tuesday. As part of moving its customer service operations from overseas to the U.S., EarthLink will build a 30,000-square-foo[...]
Aery Aviation to add 211 jobs, expand Newport News HQ
Newport News-based defense contractor Aery Aviation LLC will add 211 jobs with the $15.3 million expansion of its headquarters in Newport News, Gov. Ralph Northam announced Tuesday. The aviation company will build a 60,000 square-foot hangar with access to the Newport News/Williamsburg International Airport runway and an engineering technology center to provide maintenance and modification […][...]
Bank of America names new Hampton Roads president
Francisco “Frank” Castellanos has been named the Hampton Roads region president for Bank of America, the bank announced Monday. Castellanos comes to Bank of America from Merill Lynch Wealth Management, where he was the market executive for greater Virginia and a market integration executive. He previously worked in B[...]
Del Taco expands to Virginia with 10 locations
California-based Del Taco Restaurants Inc. is expanding its taco empire into Virginia with 10 new locations, the company announced Monday. Del Taco signed a deal with Virginia Beach-based franchise group Virginia Taco. The nation’s second-largest Mexican quick service restaurant will have locations in Virginia Beach, Chesa[...]
Blackboard to merge with Fla. company Anthology
Reston-based Blackboard Inc. announced Monday it will merge with Florida company Anthology. Anthology is a cloud-based software company focused on serving global education institutions, and Blackboard is a provider of learning management software and has more than 150 million users. Its clients include higher education institutions, K-12 schools, governments and businesses. The financial details were […][...]
U.Va. Cancer Center earns highest level in National Cancer Institute designations
The National Cancer Institute (NCI) at the National Institutes of Health awarded the University of Virginia Cancer Center a Comprehensive Cancer Center designation that will be effective Feb. 1, 2022, making it the 52nd program in the nation to currently hold the designation and the only one in Virginia. “This achievement is exemplary of the […]
43 Va. schools make U.S. News and World Report’s 2022 list
Forty-three Virginia schools ranked on the U.S. News and World Report’s 2022 best lists of more than 600 universities and liberal arts colleges in the country, released Monday. The University of Virginia ranked No. 25 in national universities, tying with Carnegie Mellon University and moving one spot up from its rank in 2021. [...]
Genworth launches IPO for mortgage insurance subsidiary
Nearly five months after it was first announced, Henrico County-based Fortune 500 insurer Genworth Financial Inc. on Monday launched an initial public offering for its private mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc. Genworth Holdings Inc. (GHI), a wholly owned subsidiary of Genworth Financial, is offering 13.31 million shares of common stock in […]
TransUnion to acquire majority of Neustar for $3.1B
Chicago-based consumer credit reporting agency TransUnion has signed a definitive agreement to acquire Reston-based identity management tech company Neustar Inc.’s marketing, fraud and communications businesses for $3.1 billion in cash. The transaction is expected to close in the fourth quarter. The Neustar acquisition is expected to generate approximately $575 million in revenue and $115 million […][...]
