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Downtown Culpeper mixed-use property sold for $3.95M
The Waters Place mixed-use property in downtown Culpeper has been sold for $3.95 million, Cushman & Wakefield | Thalhimer announced this week. The redevelopment and new building at 201 Waters Place includes 25 residential units and nine commercial spaces. Waters Place sits on half an acre and includes a renovated warehouse f[...]
Leidos completes $380M Gibbs & Cox acquisition
Reston-based Fortune 500 government contractor Leidos has completed its $380 million, all-cash acquisition of Arlington-based engineering and design firm Gibbs & Cox, Leidos announced Friday. Gibbs & Cox, which specializes in naval architecture, marine engineering, management support and engineering consulting, has offices throughout the United States and Australia. It will operate as a wholly-owned Leidos […][...]
Axios-Athletic merger gets axed
A proposed merger between Arlington-based digital news company Axios Media Inc. and San Francisco-based sports media firm the Athletic is no longer going forward, according to a May 6 report from The Wall Street Journal. The Journal had previously reported that the companies had been exploring merging and going public through through a special purpose […]
Parsons lands $618M GSA contract
Centreville-based Parsons Corp. has won a $618 million contract with the U.S. General Services Administration, it announced this week, bringing the company’s total contracts won since the end of the first quarter to approximately $1 billion. The new contract covers professional services that advance the intelligence community’s global cyber and intelligence technologies for C5ISR, the […][...]
UPDATED: Peraton completes $7.1B Perspecta acquisition
UPDATED MAY 7, 8:20 A.M. Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor Perspecta Inc. on Thursday, according to a news release from Peraton’s parent company, New York-based private investment firm Veritas Capital. The combined companies will be known as Peraton and will be overseen by […][...]
George Mason University approved to start school of computing
The State Council of Higher Education for Virginia gave the green light to George Mason University’s plan to start a school of computing, the Fairfax-based university announced today. Three departments will comprise the core of the school, which will be the first of its kind in Virginia, the university said: statistics, computer science and information […]
Mitre names new cyber technologies VP
McLean-based The Mitre Corp. has hired research scientist Wen Masters as its vice president for cyber technologies, effective May 17. Masters most recently worked at Georgia Tech Research Institute, where she served as deputy director for research and led its Information and Cyber Sciences Directorate. She was principal research[...]
Serco completes $295M acquisition of Reston contractor
Herndon-based federal contractor Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) has completed its $295 million acquisition of Reston-based Whitney, Bradley & Brown (WBB) from an affiliate of Florida-based private equity firm H.I.G. Capital. The acquisition strengthens Serco’s program management services for its Department of Defense clients and enriches the company’s expertise in […][...]
Leidos names new CFO
Longtime Leidos Holdings Inc. executive Christopher Cage has been named as the Reston-based federal contractor’s new chief financial officer. Cage will begin his role July 5. He currently serves as senior vice president and chief accounting officer for the Fortune 500 company, where he’s worked since 1999. Cage was director of financial planning and analysis […]
Arlington-based Higher Logic acquires Montreal’s Vanilla
Arlington-based tech company Higher Logic has acquired Canadian cloud-based community software company Vanilla. Vanilla was owned by New York-based growth equity investment firm Level Equity. Financial details of the acquisition were not disclosed. Founded in 2007, Higher Logic offers a community engagement software platform aimed at associations and the corporate B2B market. With the acquisition […][...]
Booz Allen Hamilton acquires Herndon IT company for $725M
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based Liberty IT Solutions LLC for $725 million. In a statement, Booz Allen President and CEO Horacio Rozanski said, “This acquisition supports our long-term strategy to drive continued growth by investing in innovative […][...]
AES to provide carbon-free power for Google’s Loudoun data centers
As part of Google LLC’s ambitious “moonshot” to produce all of its energy from carbon-free sources, Arlington-based The AES Corp. announced Tuesday that it has signed a 10-year agreement to provide carbon-free power for Google’s data centers in Loudoun County. A Fortune 500 international electrical utility, AES will provide 90% of the Google data centers’ […]
