Sign In
Free Newsletter
Cvent to be acquired in $4.6B deal
Tysons-based meetings and events software company Cvent Holding Corp. has agreed to be acquired by New York-based private equity firm Blackstone in a deal valued at about $4.6 billion, the company announced Tuesday. Under the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52% to the[...]
River District Association gives leader a title upgrade
Diana L. Schwartz’s title is changing from executive director to CEO of the River District Association, the Danville downtown revitalization association announced Monday. The title more accurately reflects her role, according to an RDA news release. It has shifted from creating and managing programs for the downtown busine[...]
Ship repair contractor expanding Norfolk presence
Advanced Integrated Technologies (AIT), a ship repair contractor for the Navy, Coast Guard, Military Sealift Command and U.S. marine, industrial and commercial industries, will invest $500,000 to expand its Norfolk operations and add 76 jobs, Gov. Glenn Youngkin announced Friday. The Norfolk-based company will increase capacity at its location in Norfolk Industrial Park, off Ingleside […]
Lingerfelt buys Chesterfield land to build luxury apartments
Glen Allen-based Lingerfelt Development LLC, a real estate investment management firm, has purchased about 4.5 acres of land in Chesterfield County from Hospitality VII Inc. with plans to build a luxury apartment community. The land is located at 2407 W. Hundred Road in Chesterfield, between U.S. 1 and Interstate 95. The $1.9 mi[...]
Bowman names chief digital officer
Reston-based Bowman Consulting Group Ltd., an engineering services firm, has named Ryan Belyea chief digital officer, a new position. Belyea brings 25 years of experience to Bowman, most recently serving as vice president and director for digital at AECOM in the U.S. and Latin America. He started his job in January. At Bowman, [...]
Goodwill Industries of the Valleys names chief people officer
Roanoke-based Goodwill Industries of the Valleys has named Rachel Putman as its chief people officer. In her new role, which was effective Feb. 20, Putman will lead mission services and organizational development, which includes human resources, employee engagement and learning and development. Putman comes to Roanoke from Goodw[...]
UMW alumna gives $30M to support research, scholarships
A 1959 graduate of the University of Mary Washington has bequeathed $30 million to her alma mater — the largest donation in the Fredericksburg university’s 115-year history — to support undergraduate research and scholarships, UMW announced Thursday. Irene Piscopo Rodgers, who died in 2022, earned a bachelor’s de[...]
Apparel wholesaler plans $50M Hanover facility, 1K jobs
SanMar Corp., the United States’ largest supplier of wholesale printable accessories and apparel, will invest at least $50 million to establish distribution operations in Hanover County and create an expected 1,000 jobs, Gov. Glenn Youngkin announced Thursday. SanMar’s operations, planned to occupy a 1.1 million-squa[...]
Auto parts maker to establish North America HQ in Salem
German auto parts manufacturer STS Group AG will establish its North American headquarters in Salem, a $32 million investment expected to create 119 jobs, Gov. Glenn Youngkin announced Thursday. In April 2021, the company announced a greenfield project in Wythe County, but will now use an existing facility in Salem instead, R[...]
Feds say Chinese cranes used at Port of Va. could be spy tools
The Port of Virginia may have as many as 30 Chinese ship-to-shore cranes that have come under scrutiny from Pentagon officials over national security concerns, and the port has five more on delivery for next year. The cranes made by Shanghai Zhenhua Heavy Industries Co., known as ZPMC, a state-owned company whose major sharehold[...]
DXC rejects buyout proposal from Asian firm
Ashburn-based Fortune 500 company DXC Technology Inc. has ended buyout talks after a “financial sponsor” failed to raise enough capital, the company announced Monday. DXC was approached in late September 2022 after receiving interest from a private equity firm and worked with advisers on the potential takeover, the c[...]
Bon Secours names new Maryview hospital president
Shane Knisley will be president of Bon Secours Maryview Medical Center in Portsmouth starting March 13, the health system announced Monday. Knisley joined Bon Secours in 2018, working in its Cincinnati market. He was most recently president of Mercy Health – Clermont Hospital in Batavia, Ohio. Prior to that, he served as chief[...]
