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Shareholders approve Blue Ridge, Bay Banks merger
Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday its shareholders approved the proposed merger with Richmond-based Bay Banks of Virginia Inc., the parent holding company of Virginia Commonwealth Bank. The transaction would create a bank with a pro forma total market capitalization of nearly $200 million, according to […]
$125M pharma manufacturing plant coming to Petersburg
Utah-based pharmaceutical manufacturer Civica Inc. plans to invest $124.5 million to establish its North American manufacturing headquarters operation in Petersburg, creating 186 jobs and manufacturing injectable medicines for the treatment of COVID-19, the governor’s office announced Thursday. A nonprofit generic drug com[...]
Genworth notifies employees of job cuts
Henrico County-based Genworth Financial Inc. has notified some employees of job cuts, a company spokesperson confirmed Wednesday. The job cuts come on the heels of the company’s Jan. 4 announcement that its planned $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. has been frozen. Company spokesperson Julie Westermann declined to share the number […]
The Hilb Group acquires Mich.-based agency
In its second acquisition announcement of the new year, Henrico County-based insurance company The Hilb Group LLC said Tuesday it has acquired Linwood, Michigan-based Owen Moore Insurance Agency, effective Dec. 31, 2020. Financial details of the acquisition were not disclosed. Founded in 1973, Owen Moore Insurance Agency (OMA) is a full-service property and casualty agency. […]
Commercial real estate lease roundup
Northern Virginia Foundation Building Materials LLC leased 25,259 square feet of industrial space at 14920-14970 Farm Creek Drive in Woodbridge. Virgil G. Nelson of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant. Johnson Roofing Systems Inc. expanded and renewed its lease of 6,000 square feet of industrial space at […]
Richmond Heritage Federal Credit Union names chairman
The Richmond Heritage Federal Credit Union announced Friday it elected Antione M. Green as its next chairman on Dec. 29, 2020. Green joined the board in 2018. He is the co-founder of the Patrick Henry School of Science and Arts, where he also served as CEO. He also serves as board president of the Richmond […]
Estes subsidiary announces new warehousing company
Richmond-based freight forwarding company Estes Forwarding Worldwide (EFW) announced Thursday the establishment of EFW Warehousing LLC as a result of its acquisition of Lewis Logistics, a warehousing, distribution and logistics company. EFW is a wholly-owned subsidiary of Estes Express Lines and provides domestic and international freight forwarding and logistics services. EFW Warehousing will be a […][...]
Va. Senate considers censuring Sen. Amanda Chase
State Sen. Amanda Chase, R-Chesterfield, faces censure after a Democratic colleague filed a resolution Thursday alleging that Chase “engaged in insurrection or rebellion” against the U.S. Constitution when she participated in the pro-Trump rally Jan. 6 that led to the violent takeover of the U.S. Capitol. The resolut[...]
Northam warns extremists with “ill intent” to avoid Richmond
Speaking at a news conference Thursday, Virginia Gov. Ralph Northam issued a warning to anyone “with ill intent in your heart” to abandon their plans to come to Richmond as part of an armed protest of the state legislature. The governor said the state government is prepared for security concerns around the General Assembly’s annual […]
Prince George County contractor lands $807M GSA task order
The General Services Administration awarded Prince George County-based tech contractor NCI Information Systems Inc. an $807 million task order to work on the administration’s IT strategy, the company announced Thursday. This marks NCI’s largest award in its 31-year history. Under the task order awarded by the GSA’s Federal Systems Integration and Management Center (FEDSIM), NCI […]
CareerGig buys Charlottesville SaaS company
Arlington-based CareerGig announced Wednesday it has acquired Charlottesville-based software-as-a-service (SaaS) platform Moonlighting. Financial terms of the acquisition were not disclosed. CareerGig is also an SaaS platform that matches freelance and contract workers with employers and offers an insurance marketplace for health, life and disability insurance. Users also have access to education and training opportunities, financial [...]
The Hilb Group acquires N.C.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired Maiden, North Carolina-based insurance agency Dwayne Wilson Insurance & Financial Services Inc., effective Dec. 31. Financial details of the acquisition were not disclosed. Founded in 1985, DWI is a full-service life and health agency. It provides insurance products to employer groups and […]
