November 2002

This report is compiled from company releases, business journals and newspapers from around the state. If you have an item for these listings please:

mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293

or e-mail it to ForTheRecord@va-business.com,
or fax it to (804) 649-6311.

Mergers and Acquisitions
CACI International Inc., a provider of IT and network solutions headquartered in Arlington, plans to acquire the outstanding stock of Acton Burnell Inc., an information technology company based in Alexandria. (PR Newswire)

Technology, Management, and Analysis Corp. of McLean, a Department of Defense contractor, was acquired by New York-based L-3 Communications, a provider of intelligence, surveillance and reconnaissance products, for approximately $50 million in cash and possibly another $7 million based on company’s financial performance. (Potomac Tech Journal)

ETG Corp., a global Internet consulting firm based in Phoenix, Ariz., plans to acquire the assets of Aims Worldwide, a Falls Church-based marketing and media company. (Business Wire)

Park Group, a Richmond video production company, acquired competitor Main Street Film and Animation, also of Richmond. Terms were not disclosed. (Richmond Times-Dispatch)

Service Partners, a Richmond provider of building products, was acquired by Taylor, Mich.-based Masco Corp., a building products manufacturer, which acquired three other companies in the $800 million cash deal. (PR Newswire)

NuLaser Inc. and NuLaser Business Systems Inc., Virginia Beach-based dealers of printers and hardware, were acquired by Global Imaging Systems Inc., a provider of automated office equipment, based in Tampa, Fla. (Press release)

Woodfin Oil Co., a Richmond oil and gasoline distributor, acquired Gill Oil Corp. of Richmond, also a local fuel firm. Terms were not disclosed. (Richmond Times-Dispatch)

Stanley Associates, an Alexandria-based federal contractor, plans to acquire Alexandria-based CCI Inc., a government logistics services provider for an undisclosed amount. (Potomac Tech Journal)

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Deals
BioNetrix Systems Corp., an authentication management and single sign-on solutions provider headquartered in Vienna, partnered with Communication Intelligence Corp. of Redwood Shores, Calif., a leader in electronic signature, biometric verification and natural input solutions enabling organizations to secure corporate data. (PR Newswire)

Cel-Sci Corp., a biotechnology company based in Vienna, plans to work with the U.S. Navy to test a new compound that treats malaria. (Potomac Tech Journal)

MAXIMUS of Reston, a provider of program management, consulting and information technology services for state and local governments, has had its transit software suite purchased by the fourth largest mass transit system, Massachusetts Bay Transportation Authority, to manage and maintain its fleet and rail assets. (Business Wire)

Convera, a Vienna-based software company, plans to provide the U.K.’s Foreign and Commonwealth Office with software allowing British government officials to access internal memos and notify UK travelers of hurricanes or violence in the Middle East. Terms of the deal were undisclosed. (Potomac Tech Journal)

Dominion Energy, the electric generating unit of Dominion based in Richmond, signed an agreement with Mitsubishi Heavy Industries America Inc. of New York, an industrial products manufacturer, and Westinghouse Electric Co., a commercial nuclear technology provider, to supply new reactor heads for the company’s four nuclear reactors in Virginia. (Press release)

United Dominion Realty Trust, a real estate investment trust headquartered in Richmond, signed a joint venture agreement with AEGON USA Realty Advisors Inc., a commercial real estate lender, for the development of approximately eight to 10 garden-style apartment communities over the next three years with a total cost of up to $210 million. (Press release)

Dominion, of Richmond, a producer of energy, announced that the International Brotherhood of Electrical Workers Local 50 ratified a new five-year labor contract including a 14.8 percent compounded wage increase and an enhanced early retirement supplement. (Press release)

America Online Inc., a Dulles-based Internet service provider, agreed to purchase access to Covad Communication Group Inc.’s network high-speed digital phone lines, providing another way to expand into the broadband market. (The Washington Post)

Flight Explorer of Fairfax, a provider of Internet-based real-time flight tracking information, entered an agreement with Airways New Zealand where Flight Explorer will provide free aircraft tracking information. (Potomac Tech Journal)

The Motley Fool, an Alexandria-based financial advice website, and Atlanta-based Equifax, a credit reporting company, signed a partnership that will allow Equifax to create a personal credit center for Motley Fool users. (Potomac Tech Journal)

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New Plants and Companies
CarMax, the automotive retailing arm of Richmond-based Circuit City, became a separate publicly traded company last month. (Richmond Times-Dispatch)

Knauss Foods, a Quakertown, Pa.-based manufacturer of beef sticks, beef jerky and other beef products, plans to build a meat-processing plant in Henry County. The company plans to invest $5.7 million to build the 100,000-square-foot plant, and create 105 jobs. (Richmond Times-Dispatch)

LandAmerica Financial Group, a Richmond real estate company, plans to relocate its corporate real estate department from Troy, Mich., to Richmond. (PR Newswire)

Luna iMonitoring, a developer of wireless sensors, was spun off from Blacksburg-based Luna Innovations. The new company will operate in the Blacksburg Industrial Park. (The Roanoke Times)

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Executive Promotions
Maria Henry, CFO, Vastera Inc. in Dulles. (Business Wire)

Robert Fishbein, CFO, Perfomance Food Group in Richmond. (Business Wire)

Phil Nolan, president, CEO, Stanley Associates in Alexandria. (PR Newswire)

Louis Camilleri, chairman, Philip Morris Cos. in New York. (Times Dispatch)

Walter Robertson, president, CEO, Scott & Stringfellow Inc. in Richmond. (Press release)

Rear Admiral Donald J. Guter, JAGC, UN (Ret), CEO, Vinson Hall Corp. in McLean. (Press release)

Peter Harris, CEO, Specialty Blades in Staunton. (Daily News-Record)

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Contracts
DynCorp, Reston: $867 million over seven years from the U.S. General Services Administration to give the Environmental Protection Agency computer systems that will provide government workers and citizens with information about environment and public health conditions. (Potomac Tech Journal)

General Dynamics Decision Systems, a business unit of Global Dynamics, Falls Church: $611 million from the U.S. Coast Guard to modernize its 30-year-old search and rescue communication system to improve the Coast Guard’s ability to detect mayday calls from boaters, pinpoint the location of the source and coordinate rescue operations. (PR Newswire)

Anteon Corp., Fairfax: $24.4 million over five years from the Department of Defense to provide scientific, engineering and technical services to the U.S. Navy and Marine Corps. (Potomac Tech Journal)

GTSI, Chantilly: two-year contract from Research In Motion Limited to serve as the exclusive provider of the BlackBerry™ wireless solution to all agencies and institutions in the Commonwealth of Virginia. (Business Wire)

PEC Solutions, Fairfax: $250 million over five contract years from the Department of Treasury to provide advanced information technology support services to the Treasury, the Internal Revenue Service, the Bureau of Alcohol Tobacco & Firearms, the U.S. Customs Service, the U.S. Secret Service and the Bureau of Engraving and Printing. (Business Wire)

Defense Group Inc., Alexandria: $14 million over five years to assemble bomb scene kits for the Federal Bureau of Investigation. (Potomac Tech Journal)

Sentel Corp., Alexandria: $1.8 million over one year with four one-year renewal options from the U.S. Air Force to provide support for the operation upgrade of military network systems. (Press release)

Stanley Associates, Alexandria: a five-year contract from the Department of State’s Bureau of Consular Affairs, Passport Services Directorate to provide management support. (PR Newswire)

TRW Inc., Reston: $511 million over seven years from the Centers for Disease Control and Prevention to develop and support information systems. (PR Newswire)

Anteon International Corp., Fairfax: $5.4 million from the U.S. Navy to provide system design, engineering and integration, production engineering and other services. (PR Newswire)

Allied Research Corp., Vienna: $14 million for a series of contracts from customers in the Middle East, Africa, Asia and Europe to provide anti-tank, grenade and mortar ammunition. (PR Newswire)

Anteon International Corp., Fairfax: $6 million over three years from the Naval Inventory Control Point to provide planning and operations management. (PR Newswire)

Versar Inc., Springfield: $4.8 million over five years from the National Center for Environmental Assessment of the U.S. Environmental Protection Agency to assist in risk assessment and decision making. (PR Newswire)

SI International, McLean: $1 million over one and a half years from the U.S. Air Force to provide system engineering assistance to the new Space Situational Awareness Integration Office. (Press release)

ADC International, Arlington: $400 million over 10 years from the Defense Information System Agency to provide airtime transition services to federal agencies. (Press release)

Franklin Street Marketing, Richmond: a recruitment/awareness campaign contract from Project Access of Danville. (Press release)

Power Systems & Controls Inc., Richmond: $50 million over five years from the Department of State to supply and install power conditioning equipment. (Press release)

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Cutbacks and Closings
Carilion Health System of Roanoke, a health care provider, plans to sell its health maintenance organization, Carilion Health Plans, eliminating 47 jobs in departments ranging from security and medical records to human resources and senior management. (The Roanoke Times)

Keller Manufacturing Co., a maker of solid wood furniture based in Corydon, Ind., plans to close its Culpeper plant on Nov. 22 due to the faltering economy. (The Free Lance-Star)

US Airways, an airline transportation company based in Arlington, plans to reduce flights from Newport News/Williamsburg International Airport to hubs in Charlotte, N.C., and Philadelphia under new schedules effective Nov. 1 as part of its bankruptcy restructuring. (Daily Press)

General Electric, a diversified technology and services company, plans to cut 200 more jobs at its Salem Drives & Controls plant due to decreased demand for the facility’s products and systems, which are used in power generation applications, mining and other industries. (The Roanoke Times)

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Divestitures
No reports

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Expansions
Ecutel Inc., a partner driven provider of mobile VPN software headquartered in Alexandria, plans to open a new office in Silicon Valley to strengthen its national presence and address the needs of the company’s growing list of partners located on the West Coast. (PR Newswire)

Universal Leaf Tobacco Co. of Richmond, the world’s largest independent leaf tobacco merchant, plans to expand and renovate its Danville processing plant, investing $28 million and creating 38 jobs. (Press release)

Dreaming Creek Timber Frame Homes Inc., a Powhatan-based provider of custom timber framing, plans to expand its Floyd County operations with a $1 million investment and the creation of 30 jobs. The expansion includes a 23,000-square-foot manufacturing facility and a 4,225-square-foot design studio. (Press release)

WebMethods Inc., a Fairfax-based software provider, plans to establish offices in Beijing and has filed an application with the Chinese government. (Potomac Tech Journal)

Bausch & Lomb, a New York-based eye-care company, plans to expand its Lynchburg distribution facility. The company plans to add 39,000 square feet to its existing plant and create up to 35 jobs. (Press release)

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Real Estate
United Dominion Realty Trust Inc. of Richmond, sold 4,102 apartment homes in San Antonio and Dallas/Fort Worth for $182.5 million. (Press release)

United Dominion Realty Trust Inc., a multifamily real estate investment trust based in Richmond, purchased The Ridgewood Apartments, a 426-unit complex in Silver Spring, Md., for $46.7 million, and 36 percent interest in two California apartment communities — the Grand Resort, a 768-unit complex in Anaheim, and Pine Avenue, a 158-unit complex in Long Beach — for $17.5 million. (Press release)

Military Circle Mall in Norfolk was acquired by New York-based Thor Equities, a developer that plans to invest $20 million into expanding the mall and renovating the 208-room The Doubletree Club Hotel. Thor Equities purchased the mall and hotel for $51.5 million from J.P. Morgan Chase. (The Virginian-Pilot)

The Lester Group of Martinsville, a property management and development company, purchased the Lyric Theatre building and four other buildings in downtown Blacksburg for $4.2 million at auction. (The Roanoke Times)

First Union Corp.’s former regional headquarters in Richmond were sold to Jamal’s Union, a Washington-based real estate investment firm for $4.2 million. (Richmond Times-Dispatch)

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Financing
NetDecide Corp. of Falls Church, a maker of Web-based products for banks, won $6.5 million in funding mainly from Dominion Ventures of Boston and Walker Ventures of Glenwood, Md., to expand its services. (Potomac Tech Journal)

Comerica, a Reston-based financial services company, announced that Comerica’s Technology and Life Sciences Division has provided Dulles-based Vastera, a provider of solutions for Global Trade Management, with $19 million credit facility, composed of a $10 million line of credit, a $5 million equipment loan and a $4 million term loan. (PR Newswire)

Tridium Inc., a software maker headquartered in Richmond, received $5 million in funding for research from Marubeni Corp., a Japanese general trading house and K Road Ventures, a New York-based venture capital fund. (Potomac Tech Journal)

Savvis Communications Corp. of Herndon and St. Louis, a global network services provider, won $22.6 million in funding to expand from Welsh, Carson, Anderson & Stowe, a New York-based investor. (Potomac Tech Journal)

Hilb, Rogal and Hamilton Co. of Richmond, an insurance intermediary, filed two registration statements with the Securities and Exchange Commission with respect to shares of its common stock. (Business Wire)

Vibrant Solutions, a software firm headquartered in Fairfax, received $14.5 million in a second round of venture capital led by Grotech Capital Group of Timonium, Md., Bessemer Venture Partners of Massachusetts, New York and California, and Columbia Capital of Alexandria. (Potomac Tech Journal)

AES Panama, a subsidiary of Arlington-based AES Corp., a global power company, completed its $275 million financing for the construction of two hydroelectric power facilities in Panama. (Business Wire)

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Teligent Inc.’s plan for reorganization was confirmed by the U.S. Bankruptcy Court for the Southern District of New York. Teligent is a Herndon-based provider of wireless broadband services. (Business Wire)

Xybernaut Corp. of Fairfax, a developer of wearable computers, received a patent for its dual-use, flat panel display computing devices. (Potomac Tech Journal)

Re-route Corp. of Alexandria, a developer of e-mail messaging technology, received a patent for its technology that ensures recipients receive their e-mail messages, even if they have changed e-mail addresses. (Potomac Tech Journal)

The Pittston Co. of Richmond, a security business, transportation and supply chain management organization, had its recent claim rejected by a U.S. District judge. The company argued that money it paid into a retirement fund was an illegal tax. (Richmond Times-Dispatch)

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