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Carvana proceeds with $25M Chesterfield facility
After putting its plans in neutral, online used car retailer Carvana announced Tuesday that it plans to break ground this quarter on a $25 million, 191,000-square-foot vehicle inspection and reconditioning facility in Chesterfield County. The project could bring more than 400 jobs to the county, economic development officials sa[...]
The Brink’s Co. purchases largest private ATM services provider for $213M
Henrico County-based The Brink’s Co. has purchased PAI Inc., the largest privately held ATM services provider in the nation, for $213 million, the company announced Tuesday. The closing date was April 1, and the acquisition was financed using available cash and Brink’s existing credit facility, according to a news release. Brink’s, which offers secure cash […]
Teresa Carlson leaves Amazon Web Services
Teresa Carlson, the Herndon-based executive who founded Amazon Web Services’ public sector business, is leaving Amazon.com Inc.’s cloud computing subsidiary to become president and chief growth officer of Splunk Inc., the San Francisco tech company announced today. Carlson was an influential and visible presence in t[...]
Chantilly IT firm acquired by N.C. company
A year shy of its 30th anniversary, Chantilly-based IT services provider SolutionWorx has been acquired by WingSwept, a B2B tech services company based in Garner, North Carolina, the companies announced. The deal, which became effective March 31, will allow the managed IT service providers to grow, and provide SolutionWorx with the resources of a larger […]
Virginia sees major housing inventory shortage
Across Virginia and the nation, real estate experts are singing the same tune: We’re facing a major housing inventory shortage that shows no signs of letting up soon. “Inventory is down about 44% compared to a year ago and it‘s about a third of what it was five years ago,” says Lisa Sturtevant, chief economist [&[...]
Dominion’s Tom Farrell dies one day after retiring
Thomas F. Farrell II, the longtime chairman, president and CEO of Dominion Energy Inc., died Friday, one day after retiring as the Richmond-based Fortune 500 utility’s executive chair and top leader. Farrell, 66, was battling cancer, according to an announcement from Dominion. “Tom was a peerless mentor and outstandi[...]
CarMax to acquire remaining stake in Edmunds
Goochland County-based used car giant CarMax Inc. announced Thursday that it had signed an agreement for full ownership of vehicle research website Edmunds.com Inc. in a cash and stock deal. In January 2020, CarMax invested $50 million to acquire a minority stake in Santa Monica, California-based Edmunds. CarMax, a Fortune 500 c[...]
Shenandoah Growers picks new COO
Shenandoah Growers Inc. has hired former Walmart executive Cameron Geiger as the company’s chief operating officer, it announced this week. The Rockingham County-based agricultural products company says Geiger will help lead the company’s next phase of growth. Geiger, a U.S. Marine Corps veteran, graduated from the U.S. Naval Academy in 1989 — the year Shenandoah […]
Virginia National Bank finalizes merger with Fauquier Bank
The parent company of Virginia National Bank announced the completion of its merger with Fauquier Bankshares Inc. today, creating a combined bank with $1.7 billion in assets and $1.5 billion in deposits as of Dec. 31, 2020. The merger, announced in October, brings together Charlottesville-based Virginia National Bankshares Corp. and the Warrenton-based parent company of […]
TMEIC Corp. in Roanoke consolidates with Texas operation
The parent of Roanoke-based TMEIC Corp. is merging its two United States operations effective April 1, the company announced this week, naming Manmeet S. Bhatia president and CEO of the new entity, TMEIC Corporation Americas. Dale Guidry is stepping down as president and CEO of TMEIC Corp. and into an advisory role until retirem[...]
Tom Farrell retiring from Dominion Energy
After 14 years leading Richmond-based Dominion Energy Inc., Thomas F. Farrell II is retiring as the utility’s executive chairman, effective April 1, according to Securities and Exchange Commission filings submitted by the Fortune 500 company last week. Farrell is also stepping down from the company’s board of directo[...]
Loudoun announces major mixed-use development along Silver Line
Loudoun Economic Development unveiled plans Wednesday for Rivana at Innovation Station, a 4.4 million-square-foot mixed-use development adjacent to Metro’s Silver Line extension on a site Loudoun once proposed for Amazon.com Inc.’s HQ2 East Coast headquarters. Rivana is the first phase of Innovation Station, a 103-ac[...]
