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Custom Truck One Source adding 61 jobs in Bedford County
Custom Truck One Source will expand its manufacturing business in Bedford County, investing $2.6 million and creating 61 jobs, Gov. Ralph Northam announced Tuesday. The Kansas City, Missouri-based company plans to double production at its specialized truck and heavy equipment plant in Bedford’s Forest area to meet growing demand. “Custom Truck One Source has been […]
Richmond and Seattle moving companies merge
Richmond-based WayForth, a home moving management service, has merged with Seattle’s Livible, which provides on-demand moving and storage services. The merger of equals was announced Tuesday, and the combined companies will be known as WayForth Inc. and will have more than 400 employees. WayForth co-founder Craig Shealy remains CEO of the new business, and Livible […]
Leidos completes $1.65B Dynetics acquisition
Reston-based defense contractor Leidos completed its acquisition of Huntsville, Alabama-based national security services provider Dynetics Inc. for $1.65 billion in cash, Leidos announced Monday. The transaction was first announced in December 2019. For the fiscal year that ended Dec. 28, 2018, Leidos reported that its annual revenues were approximately $10.19 billion. The company was founded […][...]
Richmond-based Atlantic Constructors Inc. names Evan Shriver as CEO
Richmond-based Atlantic Constructors Inc. (ACI) named Evan Shriver as its CEO, replacing founding CEO Art Hungerford, the company announced Monday. Hungerford will transition into the role of chairman. ACI is an industrial and commercial contractor with offices in Richmond, Newport News, Roanoke and Hampton Roads. The company em[...]
International olive oil manufacturer to invest $11M for Suffolk production operation
International olive oil manufacturer Acesur USA LLC will invest $11 million to establish its first U.S. production operation in Suffolk, creating 29 jobs, Gov. Ralph Northam announced Monday. Acesur was established in 1840 and produces, packages and markets olive oil. It exports to more than 90 countries and has established brands in the U.S. including […]
Arlington nonprofit BBB National Programs Inc. names executive VP of policy
Arlington-based BBB National Programs Inc. named Mary K. Engle as its executive vice president of policy, effective Jan. 31, the organization announced Monday. The self-regulatory body of the former Council of Better Business Bureaus, BBB National Programs provides self-regulation for companies to address truth-in-advertising,[...]
Henrico County manufacturer purchases North Dakota company
Henrico County-based manufacturer Alchemco recently acquired a North Dakota waterproofing technology company, TechCrete LLC, in a move expected to create 15 to 20 jobs, according to Alchemco. Terms of the transaction were not disclosed, but Alchemco, which produces products to clean, repair and waterproof concrete and masonry, e[...]
Sterling office complex sells for $15.375M
An affiliate of Baltimore, Maryland-based commercial real estate firm Klein Enterprises purchased a 95,282-square-foot office complex in Loudoun County’s Sterling area for $15.375 million, commercial real estate company Avison Young, which negotiated the sale, announced Monday. The property is located at 45745 Nokes Blvd. [...]
Virginia Beach-based Towne Insurance promotes executive leaders
Virginia Beach-based independent insurance agency Towne Insurance has promoted multiple executives in leadership positions. Towne Insurance CFO Boyd Griffin was promoted to executive vice president and will retain his duties as CFO. Chris Rogerson was appointed as chief operating officer. Rogerson joined the agency in 2017 as vice president and manager of the select business […]
Virginia Tech Innovation Campus names Cornell dean as executive director
Lance R. Collins, the Joseph Silbert Dean of Engineering at Cornell University, has been selected as the first vice president and executive director of Virginia Tech’s $1 billion Innovation Campus, which is set to open in Alexandria’s North Potomac Yard area in the fall. He will join Virginia Tech as of Aug. 1. The Innov[...]
Artificial intelligence firm opens U.S. headquarters in McLean
Belgium-based artificial intelligence platform developer and educator Omina Technologies has opened its new U.S. headquarters in McLean. Financial terms of the headquarters have not been released. Founded in 2016, Omina currently has an office in Miami. North America CEO Brian Alexander said in a statement that the company decid[...]
Former Chesapeake restaurant building sells for $1.45M
A former Chesapeake restaurant building was sold for $1.45 million, real estate agency Cushman & Wakefield | Thalhimer announced Wednesday. The 5,022-square-foot building sits on more than two acres of land at 401 Cedar Commons in Chesapeake located in close proximity to the Chesapeake Golf Club. Matthews, North Carolina-based SXCW Properties II LLC purchased the […]
