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Construction starts on $100M industrial center in Hanover
Mar 9, 2023

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
Mar 9, 2023

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[...]

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Mar 8, 2023

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[...]

2022 Virginia 500: Federal Contractors | Technology
Mar 7, 2023

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[...]

Shane Knisley. Photo courtesy Bon Secours
Mar 7, 2023

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[...]

Buc-ee’s could open first Va. store in New Kent
Mar 6, 2023

Buc-ee’s could open first Va. store in New Kent

A Texas-sized travel center could be coming to New Kent County. Buc-ee’s, which bills itself as having the cleanest restrooms in America and the “friendliest beaver,” has filed a conditional use permit with the county’s planning and zoning department for review and approval of a proposed sign, the county&[...]

The Hilb Group grows to 48 offices in 18 states
Mar 6, 2023

Hilb Group acquires Fla. insurance agency

Henrico County-based insurance agency The Hilb Group LLC has acquired E/G of Florida, the company announced Friday. The acquisition took effect Jan. 1. Financial terms of the transaction were not disclosed. “E/G of Florida represents a terrific addition to our company, aligned with our growth strategy by adding greater experti[...]

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Mar 6, 2023

BAE Systems receives $245.6M Army contract

Falls Church-based BAE Systems will procure early-order material to support the future purchase of the Army’s Armored Multi-Purpose Vehicles (AMPV) under a $245.6 million cost-sharing contract announced by the Pentagon Friday. Work will be performed by BAE Systems’ land and armaments sector in York, Pennsylvania, wit[...]

Altria's headquarters in Henrico County
Mar 6, 2023

Altria to buy NJOY Holdings for $2.75B

Henrico County-based Altria Group Inc. has entered into a definitive agreement to acquire e-vapor maker NJOY Holdings Inc. for approximately $2.75 billion in cash, with a potential additional $500 million in payments, Altria announced Monday. “We believe we can responsibly accelerate U.S. adult smoker and competitive adult vap[...]

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Mar 3, 2023

Divaris Group acquires N.C. mixed-use leasing, advising firm

Virginia Beach-based Divaris Group has acquired North Carolina-based real estate planning, advisory and leasing firm The McGarey Group, the firm announced Friday. Financial terms and other details of the acquisition were not disclosed. The McGarey Group, led by President and CEO F. Denver McGarey, is now operating within Divaris[...]

The Highlander nearly complete in Radford
Mar 3, 2023

Radford’s Highlander hotel names senior leadership

The Highlander, a $40 million boutique conference hotel opening this spring in Radford, announced its senior leadership team March 1. The team includes Executive Chef James Kirby; General Manager Rachel Pegues; Director of Sales and Marketing Ginger Clark; and Director of Food and Beverage John O’Conner. Kirby is a graduat[...]

Hickory Point Townhomes sells for $25M in Newport News
Mar 3, 2023

Hickory Point Townhomes sells for $25M in Newport News

Arlington-based Ritz Banc Group, a real estate, private equity and alternative asset management firm, bought Hickory Point Townhomes, a 175-unit apartment complex at 399 Hickory Point Blvd. in Newport News, from New York-based AION Partners for $25 million, Cushman & Wakefield announced Monday.  The new owner pland to conti[...]

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