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Traeger Grills plans $3M facility in Wythe County
Traeger Grills, manufacturer of the world’s top-selling wood pellet grill and signature hardwood pellets product, plans to build a $3 million manufacturing operation in Wythe County, Gov. Ralph Northam announced Wednesday. The company plans to purchase wood products exclusively sourced from Virginia and create 15 jobs in Wythe, the governor’s office said. Salt Lake City, […]
Sentara Healthcare named one of top 5 U.S. large health systems
Norfolk-based Sentara Healthcare was named one of the top five large U.S. health systems in an annual ranking by Fortune and IBM Watson Health released Tuesday. Sentara landed in fifth place, receiving five stars for clinical outcomes and operation efficiency and three stars for patient experience. This is the second year Sentar[...]
Ashburn-based CIS acquired by Indiana private equity firm
On April 20, Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Co. Inc. (HKW) announced that it had acquired Ashburn-based technology company CIS Secure Computing Inc. (CIS) from Oklahoma City-based Acorn Growth Cos. LLC. The financial terms of the transaction were not disclosed. CIS is a provider of secure and customized communications technologies that help […]
SAIC plans to purchase Seattle AI company
Reston-based Fortune 500 government and defense contractor Science Applications International Corp. (SAIC) plans to acquire Koverse, a Seattle data management company focused on artificial intelligence, SAIC announced Monday. The companies have entered into a definitive agreement, and financial terms of the deal were not disclos[...]
Danville chamber announces winners of first pitch competition
On Monday, the Danville Pittsylvania County Chamber of Commerce announced it had awarded four businesses a total of $50,000 in order to open or expand in Danville and Pittsylvania County as part of the chamber’s new entrepreneurship competition. Called Rev Up Danville Pittsylvania, the entrepreneurship pitch competition was based on the River District Association’s Dream […]
Chantilly-based VTG awarded $116M defense contract
Chantilly-based engineering firm VTG announced Tuesday that it has been awarded a $116 million, five-year contract from the Naval Information Warfare Center Pacific (NIWC-PAC) to provide C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) engineering and production services to the center’s Network Integration Engineering Facility (NIEF). The NIWC-PAC NIEF, located at San Diego’s[...]
LewisGale to open standalone ER in Roanoke
On Monday, LewisGale Regional Health System held a groundbreaking ceremony for a new freestanding emergency room in Roanoke. Located at 1423 West Ruritan Road, the nearly 10,000-square-foot facility will be named LewisGale Medical Center Blue Hills ER and be staffed with board-certified emergency room physicians and nurses 24 ho[...]
Technica Corp. wins $38M FBI contract
Sterling-based Technica Corp. announced Monday it has received a $38 million contract from the FBI to support the agency’s data, optical and communications networks over the next four-and-a-half years if all options are exercised. The network services and engineering support task order was awarded from the FBI’s IT Supplies and Support Services contract for the […]
Old Point Trust begins search for new chief
Old Point Trust & Financial Services President, Chairman and CEO Eugene M. Jordan II will become general counsel and corporate secretary for the Hampton-based wealth management services provider’s parent company, Old Point Financial Corp. Jordan, who has been Old Point Trust’s president and CEO for 19 years, will[...]
Norfolk industrial building sells for $3.75M
A 66,000-square-foot industrial building in Norfolk has sold for $3.75 million. Virginia Beach-based Club Forrest Acquisitions LLC purchased the building, located at 4500 Progress Road, from Boston-based Wheeler Commercial Properties. The deal closed on April 15. The building is situated on a four-acre parcel and is currently oc[...]
Dollar Tree launches digital media network
Chesapeake-based Fortune 500 discount retailer Dollar Tree has launched a digital media arm that aims to connect advertisers with potential customers via its Family Dollar retail brand, it announced today. Dollar Tree says its new venture, the Chesapeake Media Group, will offer services that help companies place ads on Family Dollar’s website and mobile app […]
Henrico-based The Hilb Group announces four acquisitions
Henrico County-based insurance company The Hilb Group LLC (THG) announced a series of acquisitions in the last three weeks, bringing its total offices to more than 100 in 22 states. The company has been focused on acquisitions in recent years. Founded in 2009, THG has been a portfolio company of Washington, D.C.-based investment management company […]
