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The Hilb Group announces 101st acquisition
Marking its 101st acquisition to date, Henrico County-based insurance company The Hilb Group LLC (THC) announced Tuesday it has acquired Williston Park, New York-based insurance agency Hiram Cohen & Son Inc. (HCS), effective Dec. 1. Financial details of the acquisition were not disclosed. A family company founded in 1919, HCS is still operated by founder […]
Dominion files construction, operations plan for $7.8B offshore wind farm
Richmond-based Dominion Energy Inc. announced Friday it has filed the required construction and operations plan (COP) with the Bureau of Ocean Energy Management to build the utility’s proposed $7.8 billion, 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) project. “This is an important step in the process toward [...]
Hilb Group announces third December acquisition
In its third acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Lexington County, South Carolina-based employee benefits consulting, management and brokerage firm Plan Benefit Services Inc. (PBSI), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1986, PBSI provides employee benefits, retiree benefits, individual […][...]
Medical office building in Chesterfield sells for $1.825M
A medical office building in Chesterfield County sold for $1.825 million, Cushman & Wakefield | Thalhimer announced Tuesday. Located at 13440-13460 Tredegar Lake Parkway, the single-story, 9,992-square-foot building sits near the intersection of Route 288 and Powhite Parkway. Vascular Surgery Associates, which has six additi[...]
The Hilb Group makes second December acquisition
In its second acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Montclair, New Jersey-based insurance and risk management brokerage William H. Connolly & Co. LLC (WHC), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1950 by William H. Connolly Sr., WHC was owned […]
Goodwill of Central and Coastal Va. receives $10M gift
Goodwill of Central and Coastal Virginia announced Tuesday it has received a $10 million grant from novelist MacKenzie Scott, who has donated more than $4.2 billion across 384 organizations during the past four months. Scott is the former wife of Amazon.com Inc. CEO Jeff Bezos. The gift will help Goodwill provide job-readiness training to people […]
The Hilb Group acquires New York-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Auburn, New York-based insurance company Moran, Moran, & Dauphin Inc. (MMDI), effective Nov. 1. Financial details of the acquisition were not disclosed. Founded in 2006, MMDI provides property and casualty (P&C) insurance products. As part of the transaction, the MMDI leadership […]
Richmond extends deadline for second small business grant fund
The city of Richmond announced Monday it has extended the deadline for its Richmond Recovers II Grant Program through Dec. 18. The program will provide applicants with grants of $15,000 for COVID-19 pandemic relief and will be funded with $2 million from the city’s CARES Act appropriation. Small businesses other than restaurants, retail and beverage […]
U.Va. Darden’s Beardsley recognized as ‘Dean of the Year’ by Poets & Quants
The University of Virginia Darden School of Business announced Monday that Dean Scott Beardsley was named “Dean of the Year” by Poets & Quants, an online publication and forum dedicated to business schools. Poets & Quants recognized Beardsley’s flexible approach to the application process during the pandemic, as we[...]
Virginia leads nation in COVID-19 app use
Amid grim headlines related to the coronavirus, Virginia has one piece of bright news — the commonwealth leads the nation in the percentage of citizens who have downloaded a COVID-19 app to alert users about possible instances of exposure to the coronavirus. According to a Dec. 7 report from The New York Times, a higher [&hell[...]
VCU and VCU Health receive $24M gift
The C. Kenneth and Dianne Wright Foundation has donated $24 million to Virginia Commonwealth University and VCU Health, the university announced Friday. The gift was made in honor of the late C. Kenneth “Ken” and Dianne Wright, who died in 2019 and 2013, respectively. They were longtime supporters of VCU and VCU Health, with philanthropic […]
Jerry Falwell Jr. drops defamation lawsuit against Liberty University
Jerry Falwell Jr. has dropped his defamation lawsuit against Liberty University, saying in a statement Thursday that he has decided “to take a timeout” from the suit while keeping his options open. Falwell sued his former employer Oct. 28 in Lynchburg Circuit Court, claiming that the university made defamatory statem[...]
