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Arlington-based blank check company raises $300M in IPO
Arlington-based Capitol Investment Corp. V raised $300 million through its initial public offering, the special purpose acquisition company (SPAC) announced Wednesday. Led by Chairman and CEO Mark D. Ein and President and CFO L. Dyson Dryden, the company was formed for the purpose of a merger or purchase of another company, though a news release […]
Va. hotel revenues remain low during increased COVID-19 restrictions
With COVID-19 cases mounting, Virginia hotel revenues continue to decline when compared with last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Nov. 22 through Nov. 28, hotel revenues in Virginia decreased by 34% and rooms sold declined […]
No new restrictions, but Northam urges COVID-19 caution
Gov. Ralph Northam warned Virginians about growing numbers of COVID-19 cases, especially in Southwest Virginia, which has seen higher rates for more than a month, in part because the region’s neighboring states also have seen spikes. At his Wednesday news conference, Northam stopped short of enforcing new restrictions, but[...]
Former Deputy Commerce Secretary Angela Navarro to be SCC commissioner
Former Deputy Secretary of Commerce and Trade Angela Navarro will be appointed to fill the State Corporation Commission’s open commissioner slot, Gov. Ralph Northam said Wednesday. An attorney, Navarro is expected to be appointed in early January, the governor said. Although the governor can appoint commissioners, Navarro [...]
Virginia redistricting committee takes shape
RICHMOND, Va. — More than half a dozen legislators have been named to a bipartisan redistricting commission that seeks to fairly draw congressional and state legislative districts. The commission will be made up of 16 people. Half of them will be legislators and the other half will be Virginia citizens. Virginia legislativ[...]
New president and CEO starts at Reston-based federal contractor
On Dec. 2, William Schaefer took the helm as the new CEO and president of Reston-based federal contractor Amyx Inc. With more than 20 years of leadership experience in the technology sector, Schaefer succeeds Satya Akula, who announced his retirement in November. Schaefer joined Amyx more than a decade ago and has spent the past[...]
ASGN subsidiary buys Fla.-based tech firm
Henrico County-based Fortune 1000 professional services company ASGN Inc. announced Tuesday it has acquired Tampa, Florida-based information technology firm Integrated Solutions Management Inc. Financial terms of the transaction were not disclosed. Founded in 1991, ISM specializes in internet of things (IoT) technology, IT service and operations management. It will become part of ECS, a Fairfax-based […][...]
Herndon’s K12 Inc. reports ransomware attack
Herndon-based online education provider K12 Inc. announced Tuesday that the company was the victim of a ransomware attack that may have compromised its corporate back office systems. “We do believe that the attacker accessed certain parts of our corporate back office systems, including some student and employee information on those systems, but it will take […]
Intelsat closes $400M cash deal for commercial aviation business
McLean-based communications satellite services provider Intelsat Corp. announced Tuesday it has completed the acquisition of in-flight broadband connectivity provider Gogo Inc.’s commercial aviation business for $400 million in cash. The acquisition was first announced in early September. Intelsat plans to pair its satellite and ground network to Gogo’s customer base of more than 3,000 commercial […][...]
Grayson County food manufacturer announces $1.5M expansion
Organic meat snack brand Grayson Natural Farms LLC will expand its Grayson County operation by 35,000 square feet through a $1.5 million investment, creating 40 jobs, Gov. Ralph Northam announced Tuesday. Grayson Natural Farms produces Landcrafted Food, which are grass-fed, organic meat snacks. Its smokehouse and production operation is currently located at 226 Industrial Lane. […]
Va. Tech says ‘Cheers!’ to Fightin’ Hokies Lager
Although Hokie fans couldn’t fill Lane Stadium this year decked in maroon and orange, there’s a new tailgating trophy they can look forward to obtaining this coming spring — a licensed Virginia Tech beer, Fightin’ Hokies Lager. Virginia Tech’s College of Agriculture and Life Sciences announced Tuesday it has partnered [...]
LMI lands $77.5M Homeland Security contract
The U.S. Department of Homeland Security (DHS) awarded Tysons-based government and defense contractor LMI a $77.5 million contract to support and advise the department on efforts to prevent chemical, biological, radiological and nuclear attacks. LMI will provide services to the DHS Countering Weapons of Mass Destruction (CWMD) Office. The company will offer expertise on chemical, […]
