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QXO completes $11B purchase of Beacon Roofing Supply
Beacon Roofing Supply, a Herndon Fortune 500 roofing material and building supplies company, is now a subsidiary of Connecticut software and tech business QXO after the closing of its $11 billion purchase Tuesday, QXO announced.
PAX acquires Manassas restoration company
Maryland-based roofing and exterior services company PAX Services Group announced Tuesday that it acquired Culbertson Co. — a Manassas-based limited liability company that provides commercial restoration, roofing and masonry services in the Mid-Atlantic region.
Goldschmitt & Associates to lay off 217 employees
A Sterling-based business management firm, Goldschmitt and Associates, expects to lay off 217 employees beginning May 1, it said in a letter to the state's Department of Workforce Development & Advancement last week.
Amazon’s HQ2 hiring falls short of 2024 target
Amazon's HQ2 in Arlington has hired 7,232 workers — below its 2024 goal. Since 2018, Amazon has made more than $2.5 billion in capital investment at HQ2.
Connolly says this will be his last term in Congress
U.S. Rep. Gerry Connolly announced Monday that he will be stepping back as ranking Democratic member of the U.S. House of Representatives' Oversight Committee and that this will be his final term in Congress, as his cancer has returned after a brief remission.
McLean business leader’s foundation gives $20M to George Mason University
Kimmy Duong donates $20M to George Mason University, funding scholarships and naming the Long Nguyen and Kimmy Duong School of Computing.
StoneSprings Hospital Center announces new chief nursing officer
HCA Virginia's StoneSprings Hospital Center in Dulles announced that Becki Lawhorne became its new chief nursing officer on Monday.
Cvent acquires California tech company Prismm
Tysons-based global event marketing and management company Cvent announced Thursday it has acquired Mill Valley, California-based spatial event design technology provider Prismm.
Federal contractor Amentum to sell Rapid Solutions for $360M
Chantilly-based federal contractor Amentum announced Wednesday it has entered into a definitive agreement to sell its hardware and product business, Rapid Solutions, to Fortune 500 aerospace company Lockheed Martin for $360 million.
Boeing doesn’t expect its recovery to be impacted by trade war with China
Boeing CEO Kelly Ortberg said Wednesday that he doesn't expect the U.S. trade war with China to forestall the Arlington County-based company's financial recovery. Meanwhile, RTX and General Dynamics surpass Wall St. expectations and Northrop Grumman is below forecast.
Electra raises $115M to build ultra-short aircraft
Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. P[...]
Savills announces new D.C.-region leaders
Amy Kaufman Brendler and Jon Glass have been appointed executive vice presidents and co-leads of commercial real estate brokerage Savills’ Washington, D.C., region, which includes the McLean office, the company announced Monday. Tom Fulcher, who was named mid-Atlantic region lead for Savills in 2021, will be stepping back [...]
