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The Hilb Group makes 10th acquisition within past year
In its second acquisition announcement of the week, Henrico County-based insurance company The Hilb Group LLC (THG) on Wednesday announced it has acquired Michigan-based CIA Financial Group Inc. The transaction was effective July 1. A transaction amount was not disclosed. Since 2015, THG has acquired more than 60 companies. The [...]
The Hilb Group acquires Mass.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Chatham, Massachusetts-based Eldredge & Lumpkin Insurance Agency Inc. (E&L). The transaction was effective July 1. Financial terms of the acquisition were not disclosed. E&L is a full-service agency that provides propert[...]
U.Va. Foundation names chief financial officer
The University of Virginia Foundation announced Monday that Brad Butler has been promoted to chief financial officer. Established in 1986, the foundation provides real estate, financial and administrative services to U.Va. Butler joined the organization in 1997 and has served as controller for the past 10 years. He replaces Pat [...]
Richmond affordable housing complex sells for $4.8M
An affordable housing apartment complex in Richmond has sold for $4.8 million, commercial real estate investment firm Greysteel announced Monday. The McGuire Park Apartments were built in 1945 and redeveloped in the early 2000s through the Low Income Housing Tax Credit program. Richmond Area Housing purchased the 80-unit compl[...]
Engineering consulting firm names Richmond office executive
Pittsburgh-based engineering consulting firm Michael Baker International announced Tuesday that Paul Baginski has been named as office executive for its Richmond location. Baginski was most recently CEO and chief marketing officer for engineering and tech company PAB Consulting Inc. In his new role, he will oversee federal, st[...]
Amherst County creates small business relief fund
Amherst County launched a grant program for small businesses suffering economic downturns due to the coronavirus epidemic, the county announced Tuesday. Amherst supervisors designated $300,000 in federal CARES Act funding, which will be administered by the county’s Economic Development Authority. Applications are being accepted now for locally owned, for-profit businesses in the county for payroll, […][...]
VCU names arts school dean
Virginia Commonwealth University announced Monday that Carmenita D. Higginbotham will become dean of the School of Arts, starting Sept. 15. Nancy Scott, who served as interim dean , will remain until Higginbotham arrives. Higginbotham currently serves as chair of the McIntire Department of Art at the University of Virginia. At U[...]
Virginia Community Healthcare Association CEO stepping down
The Virginia Community Healthcare Association’s CEO, Neal Graham, is stepping down, the organization’s board announced Monday. His last day is July 31, after serving 19 years. “The past 19 years have given me the opportunity to work with some of the very best in the health center world, and I am appreciative of[...]
Falwell voices support for renaming Lynchburg
Liberty University President Jerry Falwell Jr. said he supports changing the name of the city of Lynchburg, calling it an “embarrassment to Liberty University ever since we started” because of perceived racist connotations. He also said in an interview Sunday that the university plans to reopen with “business a[...]
Central Va. CEOs have improved outlook for next 6 months
While Virginia remains in Phase Three of Gov. Ralph Northam’s Forward Virginia plan, Central Virginia CEOs have an improved outlook for sales, capital spending and employment for the next six months, according to a follow-up 2020 CEO Economic Outlook Survey released Friday by the University of Richmond’s Robins School of Business and the Virginia Council […]
Broadband service might expand in Powhatan County
Powhatan County announced Friday an expansion of its broadband partnership with Central Virginia Services Inc. that could provide fiber optic high-speed internet access to 1,559 locations in the western part of the county, if the project receives federal grant funding. CVSI operates Firefly Fiber Broadband, a subsidiary of Central Virginia Electric Cooperative (CVEC), which provides […]
Henrico County industrial facility sells for $9.39M
An industrial facility in eastern Henrico County has sold for $9.39 million, Richmond-based real estate firm Porter Realty Co. Inc. announced Friday. Located at 4650 Oakleys Lane, the 229,829 square-foot facility sits on more than 23 acres and features dock and drive-in loading. The property was sold by 4650 Oakleys Lane LLC t[...]
