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W.Va.-based United Bankshares to acquire Essex Bank for $303M
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United Bank’s parent. After the companies announced the agreement Thursday, Community Bankers Trust’s stock rose 29.78% as of mid-afternoon to $11.94 per share and United Bankshares’ […][...]
Booz Allen Hamilton wins $674M DOD contract
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. was awarded a five-year, $674 million contract from the General Services Administration to maintain and support the growth of the Department of Defense’s Advana data analytics platform. “In response to increasingly advanced threats from global adversaries, the Department of Defense has placed a clear […][...]
Global manufacturer to move U.S. HQ to Danville/Pittsylvania area
Walraven Inc. will invest $7.15 million to relocate its U.S. headquarters and manufacturing operation from Cadillac, Michigan, to the Danville-Pittsylvania County area, creating 46 jobs, Virginia Gov. Ralph Northam announced Thursday. A manufacturer of installation systems such as pipe hangers and in-wall solutions for plumbing and mechanical applications, Walraven will move into the Cane Creek […][...]
Sentara, Cone Health call off merger
Sentara Healthcare and Greensboro, North Carolina-based Cone Health have abandoned plans for a merger first announced in August 2020, according to a joint statement released Wednesday from the two health care systems. The Sentara Healthcare Board of Directors and the Cone Health Board of Trustees came to the mutual agreement to [...]
39 Virginia companies make 2021 Fortune 1000 list
Thirty-nine Virginia-based companies made Fortune magazine’s 67th annual Fortune 1000 list, which was released Wednesday. The list ranks the 1,000 largest United States corporations by total revenue. Twenty-two companies made the elite Fortune 500 list, including Fortune 500 newcomer CACI International Inc., which was ranked at No. 473 this year. It was ranked No. 549 […]
Accenture Federal Services to acquire Novetta
Arlington-based Accenture Federal Services (AFS) has entered into an agreement to acquire Novetta, a McLean-based federal contractor specializing in advanced analytics, machine learning, cyber services and cloud engineering. Terms of the transaction, which is subject to regulatory review, were not disclosed in the announcement released Tuesday by AFS. With 1,300 employees, Novetta is a subsidiary of […][...]
Leidos’ Dynetics scores $90M NASA contract
Dynetics Inc., a wholly owned subsidiary of Reston-based Fortune 500 government contractor Leidos Holdings Inc., has received a potential $90 million contract from NASA to produce a laser air monitoring system (LAMS) for the agency’s Orion spacecraft, beginning with the Artemis III mission, which plans to return astronauts to the lunar surface for the first […]
Sentara expands Healthier Communities Fund by $40M
Sentara Healthcare is allocating $40 million to expand its Healthier Communities Fund across Virginia and northeast North Carolina, with an aim to address health disparities that have been magnified by the impact of COVID-19 among underserved populations. Today’s announcement follows an initial $10 million the Norfolk-based health care system pledged in January to address health […]
VMI report released; calls school ‘traditionally run by white men, for white men’
A long-awaited state report on an alleged culture of racism at Virginia Military Institute was released Tuesday afternoon, concluding that “VMI has … traditionally been run by white men, for white men,” although the state-funded military institution in Lexington has made “incremental steps towards a more [...]
Innovative development planned along Silver Line
Big plans are in place for a 103-acre plot on the Loudoun-Fairfax county line, property originally pitched by the two counties as a potential location for Amazon.com Inc.’s HQ2 East Coast headquarters. Rivana at Innovation Station, the first phase of the 4.4 million-square-foot Innovation Station mixed-use development proj[...]
(Solar) powering the economy
A 700-acre solar farm on a former surface mine outside of Hurley will be more than it appears, according to Adam Edelen. “Buchanan County and the entire region of Southwestern Virginia intends to benefit from the digital economy rather than be a victim of it,” says Edelen, CEO of Edelen Renewables. Based in Lexington, Kentu[...]
Botetourt wind project hits resistance
Apex Clean Energy Inc. continues working toward a day when wind turbines standing atop Botetourt County’s North Mountain might generate enough energy to power up to 21,000 homes each year. Dubbed Rocky Forge Wind, the proposed wind farm north of Eagle Rock would be Virginia’s first onshore wind project in operation. [...]
