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Richmond-based Atlantic Constructors Inc. names Evan Shriver as CEO
Richmond-based Atlantic Constructors Inc. (ACI) named Evan Shriver as its CEO, replacing founding CEO Art Hungerford, the company announced Monday. Hungerford will transition into the role of chairman. ACI is an industrial and commercial contractor with offices in Richmond, Newport News, Roanoke and Hampton Roads. The company em[...]
Packaging company set to invest $6.5M in Henrico County plant
Austin, Texas-based packaging manufacturer ePac Flexible Packaging will invest $6.5 million to establish a manufacturing facility in Henrico County, creating 35 jobs, Gov. Ralph Northam announced Monday. ePac Flexible Packaging was founded in 2016 and produces finished pouches and rollstock. The manufacturer invested $100 million last November in HP Indigo 20000, a commercial digital printing […][...]
Henrico County manufacturer purchases North Dakota company
Henrico County-based manufacturer Alchemco recently acquired a North Dakota waterproofing technology company, TechCrete LLC, in a move expected to create 15 to 20 jobs, according to Alchemco. Terms of the transaction were not disclosed, but Alchemco, which produces products to clean, repair and waterproof concrete and masonry, e[...]
Boys & Girls Clubs of Metro Richmond purchases former shopping center for $1.025M
The Boys & Girls Clubs of Metro Richmond purchased the former Eastlawn Shopping Center in Richmond’s East End for $1.025 million and will convert it into a center for the clubs’ programming, the organization announced Monday. The youth nonprofit purchased the facility from the Richmond Redevelopment and Housing Authority in 2019 using funds from the […]
New GRTC chief sets Richmond transit priorities
After 25 years in the transportation industry, Julie Timm went back to school to get her MBA. “I wanted to understand the business world,” explains the new CEO of the Greater Richmond Transit Company (GRTC), the region’s municipal bus system. “Sometimes when transit people talk to our business partners, it’s like we’[...]
Casino operators go head-to-head in Bristol and Richmond
Casino operators are already maneuvering into position as they wait for state legislators to legalize gaming. The stakes are high, and in at least two regions multiple operators are competing to cash in. In Richmond, the Pamunkey Indian Tribe has announced a $350 million casino within city limits, while the Colonial Downs Group [...]
Richmond International Airport broke passenger record in 2019
Richmond International Airport (RIC) handled a record 4.3 million passengers in 2019 — a 7.4% bump from 12 months ago. In December 2019, RIC had a passenger traffic count of 381,767 — 12.7% more than December 2018. It was the 27th month in a row that the airport has reported record traffic. Southwest Airlines Co., […]
Richmond-based architecture firm launches new studio, names director
Richmond-based architecture firm Glavé & Holmes Architecture has named Susan Reed as the director of its new studio focused on historic preservation. With the addition of Reed’s studio, the firm now comprises seven studios and employs more than 70 people. Glavé & Holmes Architecture serves higher education inst[...]
Colliers International promotes three employees to exec leadership
Commercial real estate firm Colliers International’s Richmond office has promoted three employees to executive leadership positions, the company announced Friday. Will Bradley has been promoted to executive vice president. Bradley leads the Richmond office and the industrial investment sales team, specializing in instituti[...]
Liberty University slams Northam’s proposed cut to online tuition aid
Gov. Ralph Northam’s proposal to cut Virginia Tuition Assistance Grant (VTAG) aid for online students would negatively impact more than 2,000 students per year at Liberty University alone, the state’s largest university by enrollment stated in a news release issued Friday. Currently being considered by the new Democr[...]
Cville’s Castle Hill Gaming signs new HQ lease
Charlottesville-based slot-machine-gaming software developer Castle Hill Gaming signed the lease for its new 20,000-square foot headquarters in Albemarle County, where it will be the anchor tenant in the $45 million Stonefield mixed-use development. Washington, D.C.-based real estate firm The Bernstein Companies is funding the development via its OPZ Bernstein Opportunity Fund. Construction has yet to be […][...]
Matrix Capital Markets Group adds two directors
Richmond-based independent investment bank Matrix Capital Markets Group Inc. has promoted William J. O’Flaherty and Stephen C. Lynch as directors. O’Flaherty has been a member of the investment bank’s consumer and industrial products group since 2011. He holds a bachelor’s degree in commerce with a concen[...]
